The Hilco Global Real Estate Lease Advisory Practice is Honored with 2025 Turnaround Management Association Award for Successful WeWork Lease Restructuring

NORTHBROOK, Ill., Oct. 16, 2025 /PRNewswire/ -- Hilco Global, a diversified global financial services company, announced today that it has been recognized by the Turnaround Management Association (TMA) as part of the team awarded the 2025 Large Company Turnaround/Transaction of the Year Award for its role in the restructuring of WeWork. The award will be formally presented at the TMA Annual Conference, taking place October 13 –17 in New Orleans, LA.

"We were proud to have partnered with WeWork and the exceptional team of advisors on this highly complex and successful real estate restructuring," said Dan O'Brien, Executive Director – Real Estate at Hilco Global. "This recognition from the TMA highlights our expertise in delivering measurable results for clients in high-stakes situations at scale."

WeWork initially hired the Hilco Global Real Estate practice to initiate a comprehensive global lease repositioning process with its landlords. Shortly after, WeWork filed for bankruptcy protection in the U.S. under Chapter 11 of the Bankruptcy Code and in Canada under the CCAA and initiated a process of conciliation in France. However, formal restructuring was withheld in all other countries, in an effort to restructure leasehold commitments consensually with landlords. The Hilco Global Real Estate team collaborated with WeWork's management team and debtor's advisors to mitigate real estate liabilities with the optimal strategy for lease repositioning and restructuring.

Hilco Global leveraged its deep expertise in lease restructuring, landlord negotiations, and portfolio optimization to optimize lease terms of approximately 500 leases across 24 countries. Working alongside WeWork and its advisors, Hilco Global's efforts resulted in nearly $10B in lease mitigation savings and enhanced annual profitability of approximately $800M.

The TMA Turnaround and Transaction Awards honor the most successful turnarounds and impactful transactions across the industry and includes a rigorous peer review process. Hilco Global's involvement in WeWork's lease restructuring played a critical role in achieving a successful outcome for the company and its stakeholders.

Learn more about Hilco Global's engagement with WeWork here.

About Hilco Global
Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com.

SOURCE Hilco Global