{"id":44070,"date":"2017-11-26T16:10:32","date_gmt":"2017-11-26T14:10:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/distressed-debt-investing-in-germany-is-the-big-wave-coming\/"},"modified":"2017-11-26T16:10:32","modified_gmt":"2017-11-26T14:10:32","slug":"distressed-debt-investing-in-germany-comes-the-big-wave","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/","title":{"rendered":"Distressed Debt Investing in Germany \u2014 Is the Big Wave Coming?"},"content":{"rendered":"

J\u00f6rn-Marc Vogler<\/strong> \u2014 Prin\u00adci\u00adpal H.I.G. Euro\u00adpean Capi\u00adtal Part\u00adners GmbH, Hamburg<\/p>\n

Dr. Klaas Reineke<\/strong> \u2014 Invest\u00adment Mana\u00adger H.I.G. Euro\u00adpean Capi\u00adtal Part\u00adners GmbH, Hamburg<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In the course of the global reces\u00adsion, nume\u00adrous compa\u00adnies in Germany are also expe\u00adri\u00aden\u00adcing diffi\u00adcul\u00adties and are in danger of no longer being able to meet the inte\u00adrest and repay\u00adment obli\u00adga\u00adti\u00adons of their bank liabi\u00adli\u00adties. Many finan\u00adcial inves\u00adtors specia\u00adli\u00adzing in invest\u00adments in loans of trou\u00adbled compa\u00adnies, so-called distres\u00adsed debt, ther\u00ade\u00adfore expect a flood of invest\u00adment oppor\u00adtu\u00adni\u00adties in view of the rising volu\u00admes of distres\u00adsed debt. But is a wave of distres\u00adsed debt really rolling towards inves\u00adtors in Germany?<\/strong><\/p>\n

The finan\u00adcial market crisis has been on ever\u00adyo\u00adne\u2019s lips since the fall of 2008. Just a few months after the insol\u00advency of Lehman Brot\u00adhers in Septem\u00adber 2008, it also hit the real economy. Accor\u00adding to an analy\u00adsis by the OECD, the worl\u00add\u2019s major econo\u00admies are in the worst reces\u00adsion in post-war history. This has concrete conse\u00adquen\u00adces for the German economy: accor\u00adding to current fore\u00adcasts, gross dome\u00adstic product is expec\u00adted to decline by around six percent in 2009, and accor\u00adding to the German Fede\u00adral Employ\u00adment Agency, the number of unem\u00adployed could reach the 5 million mark again in 2010.<\/p>\n

In the course of these deve\u00adlo\u00adp\u00adments, the topic of distres\u00adsed debt inves\u00adt\u00ading, the purchase of loans that are threa\u00adtened by an increased risk of default due to the econo\u00admic deve\u00adlo\u00adp\u00adment of the borro\u00adwing company, is gaining rene\u00adwed rele\u00advance. In view of the reces\u00adsion, the high volu\u00admes of lever\u00ada\u00adged buyout finan\u00adcings and the noto\u00adriously low equity ratios, espe\u00adci\u00adally in the German Mittel\u00adstand, many market parti\u00adci\u00adpants expect an incre\u00adasing number of distres\u00adsed debt situa\u00adtions in this coun\u00adtry as well. Nume\u00adrous compa\u00adnies will often hardly be able to make their inte\u00adrest and redemp\u00adtion payments, let alone raise new funds, due to a some\u00adti\u00admes drama\u00adtic dete\u00adrio\u00adra\u00adtion in sales and earnings. In the wake of the reces\u00adsion, the volume of bank liabi\u00adli\u00adties that can be clas\u00adsi\u00adfied as distres\u00adsed has increased signi\u00adfi\u00adcantly in Europe.<\/p>\n","protected":false},"featured_media":41249,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2511,2557,2561],"product_tag":[2049,2055,2059,2065,2068],"class_list":{"0":"post-44070","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2010-2","8":"product_cat-joern-marc-vogler-en","9":"product_cat-dr-klaas-reineke-en","10":"product_tag-joern-marc-vogler-en","11":"product_tag-klaas-reineke-en","12":"product_tag-global-recession","13":"product_tag-distressed-debt-en","14":"product_tag-investment-opportunities-en-2","15":"pa_sprache-german","17":"first","18":"instock","19":"downloadable","20":"virtual","21":"taxable","22":"purchasable","23":"product-type-simple"},"yoast_head":"\nDistressed Debt Investing in Germany - Is the Big Wave Coming? - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distressed Debt Investing in Germany - Is the Big Wave Coming? - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"In the course of the global recession, numerous companies in Germany are also experiencing difficulties and are in danger of no longer being able to meet the interest and repayment obligations of their bank liabilities. Many financial investors specializing in investments in loans of troubled companies, so-called distressed debt, therefore expect a flood of investment opportunities in view of the rising volumes of distressed debt. But is a wave of distressed debt really rolling towards investors in Germany? The financial market crisis has been on everyone's lips since the fall of 2008. Just a few months after the insolvency of Lehman Brothers in September 2008, it also hit the real economy. According to an analysis by the OECD, the world's major economies are in the worst recession in post-war history. This has concrete consequences for the German economy: according to current forecasts, gross domestic product is expected to decline by around six percent in 2009, and according to the German Federal Employment Agency, the number of unemployed could reach the 5 million mark again in 2010. In the course of these developments, the topic of distressed debt investing, the purchase of loans that are threatened by an increased risk of default due to the economic development of the borrowing company, is gaining renewed relevance. In view of the recession, the high volumes of leveraged buyout financings and the notoriously low equity ratios, especially in the German Mittelstand, many market participants expect an increasing number of distressed debt situations in this country as well. Numerous companies will often hardly be able to make their interest and redemption payments, let alone raise new funds, due to a sometimes dramatic deterioration in sales and earnings. In the wake of the recession, the volume of bank liabilities that can be classified as distressed has increased significantly in Europe.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Vogler.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/\",\"name\":\"Distressed Debt Investing in Germany - Is the Big Wave Coming? - FYB Financial Yearbook\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Vogler.png\",\"datePublished\":\"2017-11-26T14:10:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/#primaryimage\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Vogler.png\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Vogler.png\",\"width\":334,\"height\":298},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fyb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FYB Shop\",\"item\":\"https:\/\/www.fyb.de\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Distressed Debt Investing in Germany \u2014 Is the Big Wave Coming?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fyb.de\/en\/#website\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"name\":\"FYB Financial Yearbook\",\"description\":\"For Your Business\",\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fyb.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\",\"name\":\"FYB Financial Yearbook\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"caption\":\"FYB Financial Yearbook\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Distressed Debt Investing in Germany - Is the Big Wave Coming? - FYB Financial Yearbook","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fyb.de\/en\/produkt\/distressed-debt-investing-in-germany-comes-the-big-wave\/","og_locale":"en_US","og_type":"article","og_title":"Distressed Debt Investing in Germany - Is the Big Wave Coming? - FYB Financial Yearbook","og_description":"In the course of the global recession, numerous companies in Germany are also experiencing difficulties and are in danger of no longer being able to meet the interest and repayment obligations of their bank liabilities. 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