As the Biggest Restaurant Chains in the UK Fall into Bankruptcy, Attention Turns to KKR & Other PE Firms that Own Them by Nick Corbishley • Jul 4, 2020 • 73 Comments PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.
4th-Largest US Rental Car Company, Advantage, Files for Bankruptcy: 3rd Time in Decade, Hertz & Private Equity Written All Over It by Wolf Richter • May 27, 2020 • 67 Comments The “bare bones” petition is a sign that “something was about to happen.” Pressure piles on the used-vehicle wholesale market.
Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up by Wolf Richter • Jul 16, 2019 • 75 Comments Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.
Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt by Wolf Richter • Jan 17, 2019 • 97 Comments Number five in two years. Here’s the list.
“Leveraged Loan” Backed Asset Stripping Resurges by Wolf Richter • Jun 7, 2016 • 31 Comments Credit bubble reflates. PE firms back at it. Investors go blind.
How the Ultimate “Smart Money” Got Stuck in the IPO Pipeline by Wolf Richter • Apr 4, 2016 • 47 Comments These private equity firms are now waiting for a miracle.
Desperate Oil Giant Pemex Makes a Deal with KKR by Don Quijones • Feb 21, 2016 • 11 Comments On the bright side, it’s not bankrupt – according to the new CEO
IPOs Collapse, “Worst Year Since 2009,” Worst Dec. since 2008 by Wolf Richter • Dec 22, 2015 • 8 Comments Party over: “Pent-up supply” in a world with no demand.
Who on Wall Street is Now Eating the Oil & Gas Losses? by Wolf Richter • Oct 20, 2015 • 14 Comments This trade has become blood-soaked.
