On Loan-To-Own: PE Pros Are Slow-Moving, Distressed Debt Investors Are Gunslingers
At today's Private Equity Analyst conference, John Howard, CEO of Irving Place Capital, and Bela Szigethy, Co-CEO of Riverside Company, commented on a recent favorite of private equity firms, vulture deals (a.k.a. distressed loan to own): Howard detailed his firm's experience dabbling in the investment style with its recent acquisition of Chesapeake Corp., a bankruptcy packaging company:
16 September 2009•2 mins read
