Debt - Distressed

ON BORROWED TIME

Default rates don’t need a macroeconomic shock to be pushed up – mushrooming debt multiples will see to that. Buy-out houses should prepare for battle, say Andrew Merrett and Charles Noel-Johnson



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LATEST ISSUE

Leader

It’s crunch time It’s crunch time

The European private equity community is solemnly marking the first anniversary of the credit crunch this week with an extended summer holiday.

Top Story

20 most Influential 20 most Influential

A tumultuous 12 months on from the onset of the credit crunch, we asked 500 of the industry’s biggest hitters to name the most powerful people in European private equity.


Feature

London 2012: the private equity opportunity London 2012: the private equity opportunity

As the British public gets behind its athletes in Beijing this month, UK private equity firms are also under starter’s orders. Buyout houses targeting everything from construction and hospitality to recruitment, software and plumbing are preparing to compete for the Olympian opportunities presented by London 2012.


Comment

Will buyout terms protect LPs? Will buyout terms protect LPs?

The simple arithmetic of private equity means refinancing concerns go a lot further down the deal spectrum than anyone previously thought.


News Analysis

Parting companies Parting companies

Partech International Partners, the latest in a string of transatlantic divorces, has reignited the question of whether long-distance relationships can last.




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