This article appears courtesy of Institutional Investor
Source: Corporate Financing Week
Matthew Craft
A batch of turnaround buyout shops have recently opened their doors and begun marketing new funds under the assumption the current boom in buyout activity and the expansion of credit markets will bring them plenty of distressed companies in the next few years.
“Historically, this is a relatively underserved space,” said Kevin Prokop , a director in the private equity group at Questor Management Company , which runs a group of funds in Southfield, Mich.
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