Article/Intelligence
EMEA Q1 2024 Reorg Advisory Rankings
Relevant Documents:
League Tables Q1’24 PDF
WHOA vs. Part 26A Analysis
Engagements are considered to have been announced if it was reported in any Reorg publication, and this applies to both in and out of court restructuring; and are considered to have been disclosed if it was shared via data contributions from the advisors.
Kirkland & Ellis topped the list of the total number of mandates in legal advisors with 37 engagements respectively, followed by Weil, Gotshal & Manges with 32 and Cuatrecasas with 20 in the LTM’23/24 (i.e. April 1, 23 to March 31, 2024) period, according to Reorg’s EMEA RDX and data contributions by advisory firms.
Houlihan Lokey secured the first place with the total number of 42 engagements as the most engaged financial advisor in LTM’23/24 . Grant Thornton and PJT followed in the second and third place with 37 and 27 engagements, respectively.
Further breakdown is available in the separate tables reflecting the number of mandates based on the original total debt size of the engaged company as large cap or mid-market, then split into company-side and creditor-side.
As for the number of new mandates in Q1’24, Kirkland & Ellis and Weil, Gotshal & Manges both secured 9 engagements in the first place, and local Spanish firm Cuatrecasas followed by 4 cases. For financial advisory, Houlihan Lokey led the rankings with 25 engagements, with PJT second on 21 and Lazard third with 18.
The broad sectors (based on GICS) which saw the most engagements in Q1 2024 were Consumer-related, and Information Technology issuers.
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