RT Journal Article
SR Electronic
T1 Distressed Acquisitions: Sometimes Boast An
Uncanny Resemblance To Three-Card Monte … You
Can Lose The Moment You Decide To
Enter The Game!
JF The Journal of Investing
FD Institutional Investor Journals
SP 128
OP 131
DO 10.3905/joi.2013.22.1.128
VO 22
IS 1
A1 Harry Gray
A1 Chad Greenway
A1 Don Bibeault
A1 Christian Metzger
YR 2013
UL https://pm-research.com/content/22/1/128.abstract
AB These days, many first-time distressed investors will rush to scoop up incredible opportunities without apprehension. It must be easy, they think. We?ll just buy low, operate our way through the upturn, and sell high. Plus, multiples will be higher at exit, and we can refinance when credit eases. Everything will go according to plan. After all, control investments in troubled companies just need a new management team and some cost cutting, right? Caveat emptor … there are many tripwires and pitfalls in the distressed investing jungle. In this article, we share some tidbits gathered along our journey as both corporate performance experts and distressed private equity professionals.TOPICS: Private equity, wealth management