Areas of Expertise

Out-of-Court Restructuring and Recapitalization

Lazard specializes in advising on out-of-court restructurings and recapitalizations. We have engineered many landmark transactions with favorable outcomes for our clients.

We negotiate with creditors on behalf of our clients, especially in cases of financial stress or distress. We advise on and structure a wide variety of transactions, including tender and exchange offers, rescue financing or recapitalizations, “amend and extend” amendments, as well as pre-packaged bankruptcies.

Chapter 11 Advisory

While Chapter 11 proceedings are generally a last-choice strategy, we have substantial experience in this area. Our knowledge can benefit clients entering Chapter 11, as well as those who wish to consider Chapter 11 relative to other strategies, such as a sale of some or all of the company or securing new capital.

Divestitures and Asset Sales

When a company has decided to sell a company or selected assets, our restructuring group teams with Lazard’s M&A experts for optimal results. We help clients weigh the pros and cons of sale strategies, including: selling the company or assets as an alternative to bankruptcy; Section 363 sale in a bankruptcy; a sale implemented through a Plan of Reorganization; and “loan-to-own” purchase of securities.

Capital Raising and Restructuring

Working closely with Lazard’s Capital Advisory group, our Restructuring group advises clients in stressed or distressed situations on capital structure and capital raising. For clients raising capital in the public markets, Lazard advises and negotiates on their behalf in selecting lead underwriters. We also have extensive expertise in the negotiation and placement of private securities.

Expert Testimony

When creditors challenge a Plan of Reorganization in court, expert testimony can be a critical factor in the resolution of a Chapter 11 proceeding. Lazard clients have an advantage in this regard. Our senior restructuring professionals are among the most respected experts in Chapter 11 cases. We have a strong pattern of performance testifying on behalf of our clients’ Plans of Reorganization.

Recent Transactions

26 Nov 2015

VimpelCom Ltd.


23 Nov 2015

Special Committee of TeleCommunication Systems

$431 Million

20 Nov 2015

Disagro Investment Holdings Inc.