Entries tagged "busted LBOs"
As far as bankruptcy filings go, BH S&B Holdings LLC's (once known as Steve & Barry's LLC) Thursday petition may have set a record, and a dubious one at that. Yes, the discount clothing store chain is bankrupt once again, a repeat offender that has entered the ignominy of Chapter 22 (not really part of the federal bankruptcy code, but just a colloquialism for a debtor whose filed for Chapter 11 twice)....
When the going gets tough, the tough get going -- right out the door if they happen to work for private equity firms. Or so it would seem. Could it be coincidence that three troubled portfolio companies of big sponsors changed management in recent weeks? ...
