Personal care products retailer Crabtree & Evelyn Ltd. has filed for bankruptcy, citing debt pressures and the decline in consumer spending.
Growing weakness in commercial real estate is poised to transform banking companies into accidental landlords with a new set of headaches.
Clothing retailer Eddie Bauer filed for Chapter 11 protection, and private equity firm CCMP Capital Advisors plans to take control of the company.
Select ratings downgrades and negative outlooks from Moody's and S&P.
Energy and infrastructure are expected to be two of the hottest private equity investment areas once the economy rebounds, a KPMG survey says.
To many, the deal market may seem a modern take on Samuel Beckett's 'Waiting for Godot.' Buyers and sellers continually wait for a sign that business has stabilized. For the deal community, the identity of Godot may as well be 'visibility,' and in its absence, few have any solutions other than to merely wait.
Wall Street, and everyone else who is paying attention, for that matter, is all aflutter about whether we have really entered a recovery. There is one constituency, however, that just may not care: middle-market health-care executives.
It never received much in the way of press coverage, but when Delphi Corp. was shopping its wheel bearings business out of bankruptcy last April, one of the interested parties included a company called Wanxin Machinery. Not a familiar face domestically, its presence in the process did not raise suspicions, especially since the company failed to proffer a winning bid. Those that took part, however, confirm that Wanxin had more than a passing interest. Fast forward 12 months, and a joint venture called BeijingWest Industries Co. is poised to do what Wanxin could not.
In a stretched economy, it's easy to see the tightrope many unions walk. In its most basic form, a 'successful' union negotiation yields few concessions and seizes as many benefits and as much remuneration for workers as possible. The problem this poses for potential acquirers is that it does not always leave a viable business, and few buyers want to take on the headache of trying to negotiate concurrently with a management team and its employees.
Executives at Imperial Capital LLC agree with Michael Milken that capital structure matters.