Urgent Help: Mezz Debt and Distressed Debt Investment
Hey guys, quick question here: Could someone explain what kind of target is good for mezz debt investment in a LBO? Imagine some of the element will be similar (eg: steady cash flow). So guess the real question is, what are the different criteria that you will look at vs. a equity investment in an LBO?
Also, what are the key things that you will look at for a distressed debt (special situation) investment? Obviously you need to get convinced by the turnaround story, but anything that is more specific?
Thanks. Am having an interview coming up and the company invests in both mezz and distressed other than traditional sponsor equity.
Feel free to PM me if you want share the comments privately. Thanks!!!