Distressed debt & bankruptcy restructuring 2017 review - Houlihan Lokey still on top

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Completed distressed debt and bankruptcy restructuring activity totaled US$282.2 billion during full year 2017, a 18% decrease compared to 2016.

There were 302 completed restructuring transactions worldwide, 48 fewer compared to last year. Energy & Power led all sectors, accounting for 28% of the market. Industrials and Government & Agencies followed, capturing 13% and 11% market share, respectively.

US completed deal activity totaled US$114.4 billion during full year 2017, a 38% decrease compared to 2016. There were 106 restructuring transactions completed in the US in 2017, 20 fewer deals than completed during full year 2016. The Energy & Power sector accounted for 34% of the US debt restructuring market. The Media & Entertainment sector followed in second, with a 17% share.

EMEA completed distressed debt restructuring deal volume totaled US$147.5 billion during 2017, a 67% increase compared to last year. Conversely, the number of EMEA completed transactions in 2017 reached 113, 6 fewer compared to full year 2016. The Energy & Power sector led the EMEA market accounting for a 21.1% market share. Government & Agencies followed closely with a 20.6% share of the market.

Asia Pacific (including Japan) completed deal volumes during full year 2017 reached US$13.6 billion, a 24% decrease compared to last year. The region saw 49 completed deals during 2017, 13 fewer compared to full year 2016. The Materials sector led the Asia Pacific market, accounting for a 40% market share, far outpacing the Energy & Power sector, which followed accounting for 20% of the market.

DR1 Full Year 2017: Thomson Reuters

Source: Thomson Reuters

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