The Final List: 49 PE-Backed Bankruptcies in 2008
The final list of 2008 LBO-backed bankruptcies has 49 Chapter 11s. Download it after the jump. Repeat offenders include our turnaround investing friends at Sun Capital and Cerberus and our non-turnaround investing friends at Catterton Partners, Carlyle Group, Thomas H. Lee Partners, and Madison Dearborn Partners. The auto industry tops the list as worst-hit, claiming 11 of the Ch. 11's. Tied with automotive is retail, with 11 more of the 11's. Three of those are furniture retailers. Beyond that it's a toss-up with transportation + airlines claiming six, three media properties, three consumer products vendors, and two restaurants. Four of the companies have emerged from bankruptcy; several others have headed for Chapter 7 liquidation. For the record, it's nice to revisit the 2007 list, which included all of
