Failed Leveraged Buy-Out

Failed, mainly (and usually too highly) lever­a­ged take­over by finan­cial inves­tors. This in turn offers inte­res­t­ing take­over opti­ons for specia­li­zed inves­tors, most of whom acquire the loans and some of the shares. These inves­tors exces­si­vely often bring about a change in manage­ment. In their view, this is an inte­res­t­ing invest­ment segment because, on the one hand, auction prices are rarely paya­ble and, on the other hand, grea­ter exper­tise in restruc­tu­ring can be offe­red to stra­te­gic investors.