Buyout and mezzanine firms based in the United States continue to face an unforgiving fundraising environment, and the numbers tell the story.
Fewer portfolio companies made Standard & Poor’s “weakest links” list in February, compared with three months earlier, providing further evidence that the worst may be over for buyout firms in the wake of the Great Recession. The “Global Bond Markets’ Weakest Links And Monthly Default Rates” report published in February included at least 48 portfolio […]
The number of buyout-backed companies listed in Standard & Poor’s November “weakest links” report has fallen from three months earlier, but the list of defaulters continued to grow. At least 53 of the total 251 global companies listed in the Nov. 16, 2009 “weakest links” report are portfolio companies of U.S.-based buyout shops, according to […]
The number of buyout-backed companies that made Standard & Poor’s notorious “weakest links” list fell to 59 last month, down from 60 three months earlier. Although that is generally good news, at least four of the companies leaving the list did so because they defaulted on their debt. Overall, the number of companies on S&P’s […]
On the surface, a decrease in the number of companies on the “weakest links” report produced by Standard & Poor’s sounds like progress. Unfortuntately, the ranks were thinned not by companies seeing their finanical situations improve, but by those that succumbed to default. And sponsor-backed companies were no exception. S&P’s “weakest links” list reached an […]