Restructurements Michael Lielacher advises banks, funds, and private investors on NPL portfolios, distressed real estate, and complex restructurings — with four decades of capital-market experience behind every mandate.
Four practice areas, one discipline: reading distressed situations accurately and structuring transactions that hold.
Sourcing, pricing, and structuring non-performing loan portfolio transactions between banks and institutional buyers.
Connecting qualified buyers with distressed property and credit-backed real estate opportunities across Europe.
Guiding creditors, buyers, and administrators through insolvency processes with a clear, practical read on value.
Quietly matching capital with situations, and structuring terms that hold up on both sides of a distressed transaction.
Distressed work rewards judgment, discretion, and senior attention — not headcount.
Distressed situations are sensitive. The firm works confidentially; no mandate, counterparty, or transaction is named publicly without consent.
Four decades of trading, banking, and restructuring mean the firm can price risk like a buyer and defend value like a seller.
Every mandate is handled personally by the principal — no hand-offs, no junior teams.
Michael "Mike" Lielacher has spent over four decades in European finance — from securities trading on the Vienna Stock Exchange in the 1980s to co-founding one of Austria’s first private banks in 1991, to today’s distressed credit markets.
Restructurements is the firm through which he takes on advisory mandates: focused, independent, and answerable to no balance sheet but the client’s.
Full biography at michaellielacher.com →Whether you are a bank offloading a portfolio, a fund sourcing distressed opportunities, or an administrator navigating an insolvency — the first conversation is direct and confidential.