Schaeffler Taps Houlihan Lokey to Advise on Restructuring

Schaeffler Group, which holds a 90 per cent shareholding in Continental AG, has recruited investment bank Houlihan Lokey to advise it on restructuring its finances. “To restructure its finances along with finding a long-term overall solution the Schaeffler group is seeking the advice of a number of experts and has appointed investment bank Houlihan Lokey,” a company spokesman told Financial Times Deutschland.