Proven expertise in a broad range of distressed transactions

We’ve handled hundreds of transactions for distressed corporations involving a change of control, asset sales and other M&A activities. These situations may involve selling a company or its assets quickly, often in contested or litigious settings.

Typically, distressed M&A candidates face many of the following challenges:

  • Changing industry conditions
  • Declining operating performance and cash flow
  • Potential loss of key management
  • Stretched payables
  • Significant liquidity constraints
  • Total debt exceeding enterprise value
  • Covenant and/or payment defaults on debt instruments
  • Conflicts between the various constituents that hold competing claims or interests
  • Senior lenders playing hardball and restricting access to capital
  • Limited access to new capital
  • Commencement or threat of bankruptcy proceedings

For an overview of distressed company valuation and related issues, see Houlihan Lokey’s publication Buying & Selling the Troubled Company: A Case Study, available in English only and at no charge from Houlihan Lokey.

Distressed Mergers & Acquisitions Contact

Adam Dunayer
Managing Director