FINANCIAL RESTRUCTURING
The No. 1 Global Investment Banking Restructuring Advisor

Source: Thomson Reuters
ERIC SIEGERT AND DAVID HILTY FINANCIAL RESTRUCTURING, HOULIHAN LOKEY
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Houlihan Lokey has the largest worldwide financial restructuring practice of any investment banking firm, with offices and experienced professionals located across the globe. Since its inception in 1988, the restructuring group has advised on more than 1,000 restructuring transactions with aggregate debt claims in excess of $2.5 trillion.

With more than 200 dedicated restructuring professionals worldwide, our group has significant presence domestically and internationally. We serve clients domestically and around the world, providing extensive resources to staff each case and serve our clients. Our broad base of clients and extensive experience allow us to understand the dynamics of each restructuring situation and the needs, attitudes, and positions of all parties in interest.
Global Reach

Our group has significant presence domestically and internationally through our offices. We serve clients around the world. In addition to our five U.S. offices, we have dedicated local restructuring teams in:

London

Paris

Frankfurt

Madrid

Dubai

Hong Kong

Sydney

Singapore

No. 1 Global Investment Banking Restructuring Advisor

Global Distressed Debt & Bankruptcy
Restructuring Rankings
2018

Global Distressed Debt & Bankruptcy
Restructuring Rankings
2018

Rank	Financial Advisor	No. of Deals
1	Houlihan Lokey	63
2	PJT Partners Inc.	45
3*	Moelis & Co.	36
3*	Lazard	36
3*	Rothschild & Co.	36
Source: Thomson Reuters. * Denotes tie.

Houlihan Lokey advised major parties-in-interest in 12 of the 15 largest corporate bankruptcies in the U.S.

Advisor in 12 of the 15 Largest Bankruptcies
2000-2018

Company	Assets ($bn)
Lehman Brothers Holdings Inc.	691.1
Washington Mutual Inc.¹	327.9
WorldCom Inc.	103.9
General Motors Corporation	91.0
CIT Group Inc.	80.4
Enron Corp.	65.5
Conseco Inc.	61.4
Energy Future Holdings Corp.	41.0
MF Global Holdings Ltd.	40.5
Chrysler LLC	39.3
Thornburg Mortgage Inc.	36.5
Pacific Gas & Electric²	36.2
Refco Inc.	33.3
IndyMac Bancorp	32.7
Global Crossing Ltd.³	30.2

(1) Houlihan Lokey advised certain creditors of the Washington Mutual Receivership. (2) Houlihan Lokey advised a group of noteholders of Pacific Gas & Electric subsidiary National Energy Group Inc. (3) Houlihan Lokey advised a group of noteholders of Global Crossing Ltd. subsidiary Asia Global Crossing Ltd. Source: BankruptcyData.com, January 2019.

Company Advisory
Houlihan Lokey has served as financial advisor to more than 600 companies, developing and implementing a comprehensive financial restructuring transaction on their behalf.

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Creditor Advisory
Houlihan Lokey has served as financial advisor in more than 600 creditor-side transactions, initiating, structuring, and negotiating on behalf of creditors and their constituents.

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