Hedge funds circle distressed French private equity-owned companies
Economic weakness, high debt burdens and law change have made businesses more attractive targets
Economic weakness, high debt burdens and law change have made businesses more attractive targets

Debt restructurings feel more like a biennial standing appointment rather than a one and done

Wave of restructurings among indebted companies expected after government-led audit

Davidson Kempner’s Tony Yoseloff warns a substantial portion of PE firms are already “stressed or distressed”

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

Larger funds’ global share of commitments slides as fundraising winter drags on

Investors question if some institutions rubber-stamp deals that could benefit other businesses