Derek Pitts is a Managing Director and Co-Head of Solomon Partners’s Debt Advisory & Restructuring Practice. He joined the firm in 2016.
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 industries, 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.
Before joining Solomon Partners, Mr. Pitts served as a Managing Director in the Financial Restructuring Group of Houlihan Lokey, which he joined in 2000.
Mr. Pitts 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