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Buyout firms’ stranglehold over who can buy portfolio groups’ loans under threat as many lenders retrench
...The group is composed of mainstream asset managers and distressed debt hedge funds that hold secured and unsecured debt of Altice France. Bloomberg first reported on the group’s creation....
...The banker told the court that his job had been the origination and sale of distressed loans in Germany, Austria and Switzerland, rather than overseeing a trading desk in charge of a significant business...
...But six years later, Invesco is now the central player in one of the ugliest distressed debt brawls in recent memory, already featuring in four different lawsuits in Texas and New York....
...Instead, in the following days, Dish-EchoStar launched the distressed exchange offers....
...The deal, first reported by React News, marks one of the largest distressed sales in London so far as high interest rates squeeze real estate investors globally....
...Other developers have also been hatching plans to buy distressed office buildings and related debt but have, until now, been frustrated by a lack of willing sellers....
...Rising losses and a wave of distressed asset sales look inevitable in Europe too....
...Elliott is just one of a number of distressed debt investors that have rushed to buy Thames Water’s bonds in the belief that nervous fund managers are selling them for less than they are worth....
...Given a shakeout of distressed owners still appears to be in its infancy that may prove overly optimistic. The pain point for sectors on both sides of the Atlantic remains office properties....
...The Barclay family, which lost ownership of the Telegraph Media group last year after lender Lloyds Banking Group took control of the distressed debt, said on Tuesday that Carlyle would provide £85mn of...
...That’s in response to private equity’s biggest names including KKR and Bain Capital handing over distressed companies to the lending arms of rivals as higher interest rates, stubborn inflation and supply...
...The starting gun for getting into distressed German property is about to sound....
...Prospective buyers of the Telegraph Media Group regard the UK publisher as a “distressed asset” that is “not going to be an easy asset to sell”, a court has been told.Howard Barclay, a senior member of the...
...increased deal flow in 2025, as plentiful so-called “dry powder” — the cash reserves kept on hand by a company, venture capital firm or individual to cover future obligations — allows funds to sweep up distressed...
...Distressed debt funds such as Elliott Management have scooped up some of these bonds, betting that eventual losses will not be as steep as feared, however....
...Central business districts of some cities like as Seattle, Los Angeles, and San Francisco, where distressed sales represent a large share of transaction volume, have seen average office sales prices fall...
...But over their early twenties, they became increasingly distressed, struggling to eat or sleep and disassociating from normal life....
...Private equity’s biggest names including KKR and Bain Capital are handing over distressed companies to the lending arms of rivals, as they struggle with tough economic conditions....
...A few weeks earlier, Japan’s Dai-ichi Life Holdings took a stake in Canyon Capital, a $20bn credit manager that made its name as a distressed and opportunistic debt expert....
...Last year, debt-distressed Egypt released two yen-denominated Samurai bonds with the Africa Finance Corporation as a guarantor....
...It has also acquired equity stakes in other mid-market retailers that are not distressed, including Reiss and FatFace....
...“But they have done better this year and it’s partly because this distressed sector has performed spectacularly well.”...
...The bonds currently trade at highly distressed levels of about 25 to 30 cents per dollar of original face value....
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