Derek Pitts is a Senior Advisor. He was previously a Managing Director and Co-Head of our Capital Transformation and Debt Advisory team. He joined the firm in 2016.
A seasoned advisor with more than twenty-two years of experience across the special situation, restructuring and distressed debt advisory landscape, Derek has represented various clients on several high-profile restructurings, capital markets, M&A, and special situation engagements. His broad transaction experience comprises mid-market and large-cap companies in various sectors including energy, textiles, retail, apparel, consumer products, restaurants, and general industries.
Before joining Solomon Partners, Derek served as a Managing Director in the Financial Restructuring Group of Houlihan Lokey, which he joined in 2000. Prior to Houlihan, Derek spent eight years in corporate finance, including as division CFO and Director of Business Development, and was responsible for building out finance organizations and executing corporate transactions.
Derek received a B.S. from Northeastern University and an MBA from the Darden School of Business at the University of Virginia.
Solomon Partners is serving as financial advisor to Brooks Brothers on its Chapter 11 proceedings.
Served as financial advisor to Mission Pharmacal on a term loan facility.
Served as restructuring advisor to Payless ShoeSource in its Chapter 11 bankruptcy proceedings
Served as financial advisor to Haggar in its recapitalization
Served as advisor to the steering committee of bondholders in the restructuring of $2.8 billion of liabilities and raising of $350 million of new capital through a joint sauvegarde in France and a Chapter 11 in the U.S.
Served as financial advisor to the ad hoc Committee of Equity Security Holders of Ultra Petroleum
Served as financial advisor to Strack & Van Til on the sale of retail assets to Indiana Grocery Group
Advised Central Grocers on the sale the sale of its distribution center to Supervalu