Houlihan Lokey announced three additions that significantly expand financial services coverage within its due diligence services practice in Financial Advisory Services. Richard Forgione joined as a director, and Carl Ashqar and Matthew Petrillo joined as VPs.
Houlihan Lokey announced that Tomasz Stefanowski joined the firm as a managing director in its New York Tax and Financial Reporting Valuation Services practice within Financial Advisory Services.
Houlihan Lokey announced L. Gregory Manos joined the firm’s Tax and Financial Reporting Valuation Services practice. Manos joins from Alvarez & Marsal, where he was a senior director in the Valuation Services Group.
Reuters reported a pair of big bond insurers with more than $10 billion of exposure to Puerto Rican debt hired restructuring advisers as the commonwealth works toward a reckoning with creditors.
Houlihan Lokey announced that Jennifer Muller has been appointed co-head of the firm’s transaction opinions practice alongside Chris Croft, who has been leading the practice since 2010.
USEC announced it is implementing an agreement reached with a majority of the holders of its senior unsecured convertible notes setting forth the terms of a restructuring plan. USEC’s financial advisor is Lazard.
Reuters reported PHS Group appointed Rothschild and its lenders Houlihan Lokey to advise on a possible debt restructuring for the debt laden company.