NEW YORK (Reuters) – KPS, a private equity firm specializing in buying underperforming or distressed businesses, expects the economy to be in a recession for three to four years, according to co-founder and Managing Partner Michael Psaros.
“This is obviously a supertanker economy. It slowly goes into a recession and it slowly comes out of a recession,” Psaros said during the Reuters Restructuring Summit in New York on Wednesday.
