Houlihan Lokey Restructuring Power & Utilities

Based on the most helpful WSO content, here is some information about Houlihan Lokey's restructuring (RX) group:

1. Reputation and Deal Flow:

   • The RX group at Houlihan Lokey is highly respected and consistently considered Tier 1.
   • They are often regarded as the best creditor-side advisor on the street.
   • The group has worked on high-profile bankruptcies such as Hertz.

2. Exit Opportunities:

   • Many RX bankers from Houlihan Lokey go into distressed PE or hedge funds.
   • Regular placements at mega funds (MFs) are common.
   • Corporate finance bankers tend to go to middle-market (MM) PE firms, with some going into hedge funds or entrepreneurship.

3. Culture and Hours:

   • The culture in the RX group can be intense, as is common with many restructuring groups.
   • The industrial group within corporate finance, which has solid deal flow, can be particularly demanding ("sweaty").

4. Compensation:

   • Specific details on compensation are not provided, but the group is well-respected, which typically correlates with competitive pay.

5. Group Dynamics:

   • The RX group in NYC is well-regarded at the junior level and compares favorably to other top RX groups like Lazard, PJT, Evercore, and Moelis.

Unfortunately, there is no specific information available about the Power & Utilities (P&U) subgroup within the RX division. If you need more detailed insights, you might consider reaching out directly to current or former employees or looking for more specific threads on WSO.

Hope this helps!

Sources: Houlihan Lokey reputation (2020), Thoughts on Houlihan RX (NYC)? Exits, reputation, etc.?, PWP LA, Lazard LA, and Houlihan LA (RX), Request for Restructuring League Tables 2018, Insight on Houlihan Lokey's Houston Group?