Risky business: Is securities restructuring the answer to problem portfolios? Restructurers roll boulders uphill Synthetic restructuring a question of price Restructuring: How not to do it
Those charged with figuring out how best to restructure securitized assets will not have been heartened by the fate of Four Seasons Healthcare – a restructuring deemed by many to be a classic example of how not to do it. The UK care home provider was acquired by the Qatari-backed Three Delta fund in 2006 in a highly leveraged deal arranged by Credit Suisse, which involved the company being burdened...
