Restructuring & Special Situations
We are the world’s leading advisor to companies, financial sponsors and creditors in distressed situations including turnaround, recapitalizations and capital raising transactions.
We operate a seamless global team advising across a diverse range of industries. Our team brings deep experience in developing creative solutions and utilizes the breadth of the firms’ global advisory and capital markets capabilities to serve our clients.

Expertise
Out-of-Court Advisory
Design creative liability management solutions for companies, financial sponsors and creditors to support comprehensive balance sheet recapitalizations by creating enhanced liquidity and shareholder value.
Bespoke Financing
Assist companies in negotiating and executing complex specialty financings across the capital structure, managing all aspects of a refinancing process including raising new debt and equity capital.
In-Court Advisory
Advise companies, financial sponsors, creditor groups and boards of directors on all aspects of traditional in-court Chapter 11 bankruptcy transactions.
Tort Liability Resolutions
Provide unmatched expertise in advising companies to develop frameworks to address contingent liability overhangs and to implement structures that comprehensively resolve these liabilities.
Distressed M&A and Asset Sales
Assist companies and other stakeholders on buying or selling assets in a distressed context, both in- and out-of-court.
Results
A proven track record of impact, reflected in the landmark transactions and outcomes we've helped deliver.

$600 million capital raise & $2 billion balance exchange transaction
2025

$6.0 billion liability management
2025

€5.3 billion advisor to the bondholders
2025

2025
€3.9 billion Advisor to the company

2025
€1.4 billion Advisor to the shareholder

2025
$6.7 billion Chapter 11 restructuring

2025
£1.8 billion Advisor to a take private credit provider

2025
$20.0 billion Advisor to the Eurobonds

2025
$3.0 billion Advisor to the company

2025
$2.9 billion Advisor to the company

2025
CHF1.1 billion Advisor to the Company

2025
$4 billion Advisor to the creditors
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