07/11/2023
From Moelis to BR Partners: boutiques grow on rising demand from distressed companies
Bloomberg Linea
Bloomberg Línea reports how independent investment banks and law firms expanded their teams in Brazil amid a surge in debt restructurings, following the rise in interest rates and the Americanas case. Judicial recovery filings reached 501 through May 2023, 50% more than in the same period of 2022 (Serasa Experian). Moelis, Houlihan Lokey, BR Partners and Lefosse report new hires and mandates such as Americanas, Light, Oi and Unigel. The article portrays the restructuring advisory market in which TCP Partners operates.
