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 )
| WH Marks Sattin
Senior Internal Audit Manager - Yorkshire This industry leading client with an excellent brand name are current looking for experienced and qualified Audit Managers to take up a number of newly created posts at their ...
more > | Goodman Masson Recruitment
Our client is one of the largest banking groups in the UK, with operations in investment banking, trading, retail and commercial banking. Due to a major restructure and an increased focus on profitability analysis within ...
more > | WH Marks Sattin
Financial Reporting Manager - 37-43k A newly created role as a result of expansion is available for a career minded and ambitious individual to join this Internationally renowned business with a HQ here in Leeds. ...
more > | WH Marks Sattin
WH Marks Sattin are currently recruiting for multinational research company. Our client, due to expansion, is currently seeking a Credit Controller to join their finance team. Reporting to the Credit Control Supervisor your main responsibilities ...
more >
More
Jobs in Finance