Derek Pitts | Source | Group Head Debt Advisory & Restructuring & Managing Director at Solomon Partners
Derek Pitts
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.
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The goal of the Debtors' continued post-petition sale process is now to leverage the Stalking Horse Agreement to have new or existing bidders submit offers for the Company's assets. In May four suitors sent Brooks official indications of interest.
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Interest in Brooks Brothers rises with $305M bid
The race to purchase Brooks Brothers Group Inc. out of bankruptcy is on as brand manager WHP Global and a group of Italian companies prepare bids after Authentic Brands Group LLC and Simon Property Group Inc.'s $305 million offer.
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Solomon Partners
Group Head Debt Advisory & Restructuring & Managing Director