Restructuring

Mizuho | Greenhill's Restructuring practice benefits from the experience of some of the longest serving profasessionals in the industry.

We strive to reach consensual deals that are in the best interests of our clients and we have an established history of brokering transactions in situations with divisive inter-creditor and shareholder issues.

Our track record includes pre-emptive recapitalizations, inter-creditor and shareholder negotiations, acquisitions and sales of distressed companies and assets, debt and equity exchange offers and restructuring and a range of other advisory services for a diverse client base.

Providing high-quality advisory services to debtors and creditors

We provide a full range of advisory services to debtors both inside and outside formal bankruptcy. Our goal is to assist debtors by working with all of their stakeholders to implement restructuring plans that balance a pragmatic sharing of value between stakeholders while minimizing corporate uncertainty. We recognize that every situation is unique and that traditional solutions are not always best suited for our clients. Based on our years of experience and wide-variety of previous transactions, we assist debtors with thinking creatively about their options and selecting attributes of different strategic alternatives that can be packaged together into a compelling solution.

We also advise creditors and committees of financially distressed companies both inside and outside formal bankruptcy. Our goal is to help creditors maximize returns from distressed corporate situations and to work with other constituents to achieve that return in a timely manner. We understand that creditors may value the form of consideration and other terms of a restructuring proposal differently, and we work with committees to optimize the returns our clients receive based on their desired outcome.

Notable Transactions

Advised PGIM, Contrarian Capital Management, and GoldenTree Asset Management on the $4.8 billion restructuring of Digicel Group, a communications and entertainment provider with operations in 25 Caribbean and Central American markets
Advised Empire Today, the largest and only national DTC provider of replacement hard surface flooring and carpet in the U.S., on its $618 million liability management transaction
Advised the Ad Hoc Crossover Group to Xplore on its CBCA Restructuring of C$1.8 billion of Secured Debt
Advised Ad Hoc Group of First Lien Term Loan Lenders on Akorn’s in-court recapitalization

Product Expertise

Debtor Advisory
Creditor Advisory
Distressed M&A

Advising either buyers or sellers of distressed assets and/or companies

We are able to advise a client throughout the entire process, including identification of targets/buyers, participation in a sales process and court proceedings, if necessary. We look to identify creative tactical or strategic solutions to unlock value in every situation. We recognize that executing M&A in distressed situations requires incremental skills that are not always required within traditional M&A transactions. Some of these skills are working with a highly levered acquiror or target, managing the bankruptcy process, performing a valuation that can withstand court scrutiny and managing inherent conflicts of interest among different constituencies.

Mizuho's 2023 acquisition of Greenhill brings a world-class organization with reputation and decades of expertise in M&A, restructuring and private capital advisory. Serving large companies and investors across industries, our highly specialized team of professionals have extensive experience in buy side, sell side, special committee, defense and activism.

Learn More

RELATED SERVICES

Leveraged Finance Equity Capital Markets Derivative Risk Solutions Corporate Banking Regional Coverage Private Capital Advisory Mergers & Acquisitions Debt Capital Markets