alixpartners

Alix is very well regarded and considered one of the Big 3 in the RxCo world, with the other two being FTI and Alvarez & Marsal. You will see all three of these firms listed as advisors in the largest corporate bankruptcies every year, but they each have areas that they focus on more than others.

A&M leans more towards debtor-side engagements in the largest bankruptcies. FTI does more creditor side representation. Alix probably does more out of court turnaround work. Although that is the way each firm leans, they all overlap and can perform all types of engagements. For example, while I said Alix leans more out of court turnaround work, one of their MDs/Partners is the CRO in the LIV Golf bankruptcy. 

Alix has exits that are just as good as A&M or FTI, to distressed PE, Rx IB, in house CFO roles. The only exception would be for distressed credit hedge funds where FTI would have more of an advantage because of their creditor-side work. 

One thing to keep in mind, RxCo itself is considered an exit of sorts. So if you are trying to trace exits from RxCo to other industries, you won't find hundreds of examples. A lot of people get into the industry and stay, especially at the mid to senior levels. You would see more exits from the junior levels. But the junior pool in this industry is much smaller than the IB pool, so again, its not as straightforward to identify exit statistics among firms as it would be when looking at IB exits.