Houlihan Lokey is serving as financial advisor and investment banker and AlixPartners is serving as restructuring advisor to UTEX Industries, which entered into a restructuring support agreement with the majority of its lenders and will commence reorganization under Chapter 11.
Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.
Richard Hoh joined Houlihan Lokey as a managing director in the industrials group. Hoh previously worked for BMO Capital Markets, Jefferies and Goldman Sachs.
GNC Holding and certain of its secured lenders and key stakeholders reached an agreement to pursue a dual-path process that will allow the company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code.
Ankura is serving as financial advisor, Houlihan Lokey is serving as investment banker and Weil, Gotshal & Manges is serving as legal counsel to Exide Technologies, which filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
Bank of America will provide debtor-in-possession financing to fund the restructuring process of Techniplas, which filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware.
Berkeley Research Group is serving as financial advisor for Neiman Marcus Group, which commenced voluntary Chapter 11 proceedings and secured DIP financing of $675 million from its creditors.
Christian Lunny joined Houlihan Lokey’s corporate finance business as a managing director. Lunny previously served at Wilsons, J.P. Morgan, Citigroup and Goldman Sachs.
Bain Capital Credit provided $50 million in growth financing to Merchants Fleet, a fleet management company. Houlihan Lokey served as the exclusive financial advisor and placement agent to Merchants Fleet.