Distressed Assets: PE-backed retail faces weakness

private equity, retail
  • 37 PE-backed companies make list
  • Retail industry leads with 10 companies
  • Platinum Equity with most distressed portfolio companies in 2018
Thus far in 2018, 37 private equity-backed companies received distressed ratings from Standard & Poor’s or Moody’s, including three defaults. Those defaults were due to missed interest payments. The first occurred right after the new year. Fieldwood Energy, an acquirer and ...

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