Holders of 800 million euros of bonds due January 2025 and funds that bought bank loans issued out of the Steinhoff Europe AG subsidiary, including Och-Ziff Capital Management, are working with adviser PJT Partners, the people said. Representatives for PJT and Och-Ziff declined to comment. While Steinhoff has been selling assets to raise cash, the retailer told investors last month that debt levels are too high for the strategy to be sustainable. Accountants from PwC have been hired to trawl through the finances to identify the cause of a more-than 6 billion-euro hole in the accounts and the probe isn't expected to be completed any time soon.