Shopping for Distressed Companies
12/12/2007. The end of the credit bubble may be the first shoe to drop towards a new spike in default rates and corporate debt restructurings over the next couple of years. However, the dynamics of these restructurings may be different from the last time default rates spiked and may provide opportunities for private equity sponsors, writes Weil, Gotshal & Manges.

Do's and don'ts for investors in global distressed asset markets
05/09/2007. During the 2007 Wharton Restructuring Conference in Philadelphia, investment experts shared their insights on the unique characteristics of specific global markets for distressed assets and the international issues that crop up on financial, legal and operational fronts. They noted that each market calls for strategies carefully calibrated to local culture, that sourcing accurate information is critical, and that extracting value from distressed assets is more about people skills and trust-building than clever spreadsheets and financial engineering.

The river runs through his veins
17/01/2007. The Yarkon River has undergone an environmental transformation, says the Israel Venture Capital Journal. In this IVCJ article, Isabel Maxwell profiles David Pargament – the turnaround specialist that made it happen.

When the going gets tough... talking to the turnaround professionals
07/11/2006. The law of averages will not be denied, notes Calibre One Interim. As the torrent of cash pouring in to private and public equity deals breaches the floodgates of long-term sustainability, business failures continue to rise. The degree of leverage increasingly applied to such deals only adds to the probability of lending defaults.

Bad news is good news: 'distressed for control' investing
01/11/2006. Knowledge Wharton examines the relatively fledgling arena of 'distressed for control' investing, a growing industry that combines elements of both private equity and hedge funds.

George Moore on turnarounds in the UK
22/02/2006. In this AltAssets interview, turnaround expert George Moore talks about the current state of the UK turnaround business, his approach to saving distressed businesses, and about his work with private equity houses.

Exiting distressed investments in China
14/01/2004. Exiting an investment in China can be more challenging than making the initial investment and requires careful planning and implementation. Knowledge of the documents, laws, and regulations are vital, but equally critical is first-hand experience of what has actually been achieved in similar circumstances, according to PricewaterhouseCoopers.

What's up in private equity turnarounds?
30/07/2003. The current economic downturn is bad news for most people, but not for those who specialise in turning ailing companies around. With all that choice in the market, where are the most – and least – promising opportunities appearing? And what stumbling blocks do private equity turnaround professionals come up against? We asked a panel of specialists for their views.

An insight into the pros and cons of distressed deals and turnarounds
29/10/2002. Deal flow in the turnaround sector is likely to increase going forward, argues Dominic Slade of Alchemy Partners. With continuing uncertainty in public markets and speculation growing as to the length and magnitude of the downturn, there are more opportunities in this sector than there have been for years. Slade gives an overview of distressed deals and turnarounds, including ways in which these ‘creative' investments can be made to work for investors.

Distressed asset investment in Asia
23/07/2002. In addition to the more glamorous history of venture capital investments in technology-related enterprises, one of the roots of the private equity industry is in the less flashy but often more profitable area of investment in distressed assets. William Hay of Lovells looks at the opportunities available in Asia.

As companies go bankrupt, buyout firms lick their chops
16/10/2001. The TMT sector is in turmoil. However, according to this article from Red Herring, there are still many investment opportunities to be had by investing in distressed telecoms companies.

Insolvency - A second chance
07/09/2001. The government is seeking to overhaul the UK's insolvency laws, which, it believes, allow too many businesses to go to the wall unnecessarily. Any attempt to engender a rescue culture is of interest to all types of investor. Here is the government's white paper on insolvency.

The turnaround business
24/08/2001. With the slowdown in the economy, there are plenty of turnaround deals out there for private equity firms. But investors should be wary of firms that claim to be experts in this difficult – and sometimes dangerous – field.