Working in a SSG now. Wondering what are the top shops for distressed PE — more turnaround than special sits credit focused. Also appreciate any description on said shops.
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Based on the most helpful WSO content, here are some insights into distressed private equity and top shops:
Distressed Private Equity Overview:
Distressed PE focuses on businesses that are struggling and need help. The distress could stem from operational or industry hardships, or a mix of both. The goal is often to acquire these businesses at a deep value, improve their operations, and achieve a turnaround. This strategy is distinct from credit-focused approaches, as it emphasizes operational control and value creation.
Top Shops for Distressed PE (Turnaround Focused):
These firms are recognized for their ability to identify deep value opportunities, acquire businesses at attractive multiples, and implement strategies to unlock value. For example, they might target businesses with $100mm EBITDA potential but currently operating at $65mm EBITDA, ensuring a respectable margin of safety.
For more details, you can explore the full discussion here: https://www.wallstreetoasis.com/forum/private-equity/distressed-vs-cred…</a">Distressed vs. Credit vs. Special Situation vs. Turnaround PE.
Sources: Distressed vs. Credit vs. Special Situation vs. Turnaround PE, Distressed vs. Credit vs. Special Situation vs. Turnaround PE, Top firms for distressed investing. Solving for brand and deal experience more than ability to growth within the organization., Breaking down distressed funds by strategy
bump, same boat and would appreciate thoughts
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OP talked mroe about turnarounds than SS Credit (Apollo, BX, Ares fall in that bucket)
Ah makes sense, will remove my comment so people aren’t mislead :)
I mean its really just APO, Platinum, KPS that are somewhat scaled that does this. Clearlake as well but that fund is cooked. SVPGlobal is a loan to own specialist.
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