Peter J. Solomon Company was among the early boutique investment banking firms that pioneered the restructuring advisory business in the 1990s. Our restructuring practice provides independent strategic and financial advice to management teams, boards of directors, private equity and strategic investors, creditor groups, and other key stakeholders involved in troubled company situations. Our team brings our clients technical expertise, market credibility and diverse transaction experience. Our senior bankers are widely regarded as trusted advisors, highly skilled in transaction structuring, deal strategy development and execution, business and security valuation analysis, expert testimony, and multi-party negotiations.
Derek C. Pitts
Managing Director, Head of Bankruptcy, Restructuring and Recapitalization
New York, NY, United States
☎ +1 (212) 508 1613
A seasoned advisor with more than fifteen years of experience across the restructuring and distressed debt advisory landscape, Mr. Pitts has represented debtors and creditors on a number of high-profile restructuring, capital markets, M&A, and special situation engagements. In addition to domestic transactions, he has led cross-border financial restructurings in Europe and Latin America. His broad transaction experience comprises companies from the energy, textiles, retail, apparel, consumer products, restaurants, and general industrial sectors, including Enron Corp., Spectrum Brands, AMF Bowling, Stolt-Nielsen, Lionel Trains, Global Power Equipment, YRC Worldwide, Buffets, Salton, Barneys, Ahern Rentals, Wet Seal, RadioShack, American Apparel, Comark, Brookstone, Quiksilver, American Seafoods, Deb Shops, and Everywhere Global, Inc.
Anders Maxwell is a Managing Director in Peter J. Solomon Company’s Restructuring Group. Joining PJSC in 1999, Mr. Maxwell has led complex bankruptcy cases including Lyondell Basell Company, Mirant Corporation, Calpine Generating, Dynegy, Washington Mutual and Six Flags, Inc. He has also represented Tokyo Electric Power and Marubeni Power Development in international restructurings and sales and is regularly ranked in The Deal’s Bankruptcy League Table of Investment Bankers. Other engagements have included EPIC Mortgage, the largest fraud case arising from the Savings & Loan collapse and restructurings of financial institutions AMC Financial, Doral Bank and PMI Group.
Mr. Gissinger joined the firm in 2016 and has over eighteen years of distressed debt advisory and investment experience. Before joining PJSC, Mr. Gissinger served as a Senior Managing Director at Heritage Global, where he was responsible for sourcing engagements and executing transactions for Heritage Equity Partners, the firm’s special situations division. Prior to that he spent 10 years in Houlihan Lokey’s Financial Restructuring Group, advising public and private companies as well as their creditors and other key stakeholders on debt restructurings and other special situations. Over the course of his career, Mr. Gissinger has been involved in a range of complex engagements including U.S. Chapter 11 reorganizations, Canadian Insolvencies (CCAA), out-of-court restructurings (U.S and Europe), capital markets transactions, exchange offers, union/pension fund negotiations, acquisitions, divestitures, fund dissolutions, liquidations and litigation advisory work. He specializes in creatively restructuring complex capital structures, with a focus on value maximization and generation.
