R E L A T E D C O N T E N T
ADVERTISEMENT
E&Y predicts private equity crunch
Alex Hawkes,
Accountancy Age 07 Mar 2007
Firm says quality of debt has deteriorated, which may lead to a spate of
company collapses
Ernst & Young is predicting a spate of
collapses of companies run by private equity funds.
The complexity of deals and the timing of debt repayments will undermine
companies that under previous ownership structures could have survived,
the Guardian
reported.
Keith McGregor, an insolvency partner at E&Y, said: 'The quality of the
debt has dropped off in the last few years. Debt with a CCC rating has a one in
three chance of going bust within two years. But it is the fastest growing
element of debt in private equity structures.'
Further reading:
Private
Equity 'to spark collapses'
Advisers say tax attack on
private equity will yield little
Private equity not paying 'a
fair share of corporation tax'
M A R K E T P L A C E
V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!
Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now
WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.
As recognised by the Accountancy Age Awards 2004, 2005 and 2006.
Online Time & Attendance Tracking
30 Day Free Trial ( $49 a year )
| Personnel 2000
Applicants must have: • Bachelors degree and professional qualification • No less than 2 years experience • First rate communication and organisational skills • Expert knowledge of MS Office and Lotus Notes • High levels ...
more > | Personnel 2000
Personnel 2000 are working with a global private banking group headquarted in Switzerland with over $70bn AUM. Our client are offering a unique and compeeling opportunity for someone with at least 10 years experience in ...
more > | Personnel 2000
Applicants must hold a Bachelors Degree and a professional qualification (CA/CPA/CFA) with no less than 2 years experience gained in the hedge fund and mutual fund industry. Responsibilities include: • Managing brokerage account cash flows ...
more > | Badenoch & Clark
Strategic Project Lead A fantastic opportunity has become available with one of our largest central government organisations based in central London. The organisation is forward thinking and innovative in its approach to change and is ...
more >
More
Jobs in Finance
RSS feeds