PJT’s Tim Coleman, Architect of Big Restructuring Deals, to Exit
- Career spanned Macy’s, Delta, Purdue Pharma bankruptcies
- Led group that spun off from Blackstone to join Paul Taubman
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PJT Partners Inc.’s Tim Coleman, one of the original bankers who turned debt restructuring into a major moneymaker for Wall Street, is calling it quits after four decades in the industry.
First at Citigroup Inc., then at Blackstone Group Inc. and most recently at PJT, Coleman, 66, played key roles in dozens of the most prominent bankruptcies, from retailer Macy’s Inc. in the early 1990s to Delta Air Lines Inc. in 2005 and Purdue Pharma, the maker of Oxycontin, in 2019. He also helped keep some debtors out of bankruptcy, notably Ford Motor Co. and Xerox Corp.