Distressed & Restructuring Archives

Section 363 Sale vs Plan Sale in Chapter 11

23 September 2026

Speed decides many distressed sale outcomes. The Section 363 sale vs plan sale choice is a judgement about where value…

Rights Offering Backstop in Chapter 11 Restructurings

8 September 2026

A Rights Offering Backstop turns a hoped-for capital raise into a funded one. In a Chapter 11 rights offering, eligible…

Loan-to-Own Strategy in Retail Distress

7 September 2026

An investor buying a defaulted mortgage on a half-empty shopping centre is doing two things at once. It is pricing…

Debt-for-Equity Swap in Distressed PE: Case Study

29 August 2026

When a private-equity-backed company cannot service its debt, the negotiation stops being about interest rates and starts being about ownership.…

DIP Financing vs Exit Financing in Chapter 11

23 August 2026

A debtor-in-possession loan sits at the top of the capital structure, is over-collateralised, carries restrictive covenants and mandatory prepayments, and…

Intercreditor Agreements Explained: How Lenders Set Priority and Control

28 July 2026

An intercreditor agreement is a contract among creditor groups that allocates lien priority, payment rights, enforcement control, and collateral proceeds…

Top Boutique Investment Banks in London in 2026

26 July 2026

A boutique investment bank is an advisory-led firm whose economics are not primarily driven by balance-sheet lending, securities underwriting, or…

Top Restructuring Investment Banks in 2026: Who Leads the Market?

9 April 2026

A restructuring investment bank is a specialist adviser hired to navigate distressed capital structures, whether through out-of-court liability management, formal…

Debt Restructuring: 5 Key Phases in the Process

4 April 2026

Debt restructuring is the negotiated or court-supervised modification of a borrower’s obligations, through maturity extensions, covenant resets, debt-for-equity exchanges, new…

Reverse M&A Asset Sales in Real Estate: Structures, Tax Impacts, Key Risks

1 February 2026

A reverse M&A asset sale in real estate flips traditional buyer-seller roles for tax, regulatory, or financing advantages. The economic…

Orphan SPVs in Securitizations: Why They Exist and How They Work

23 January 2026

An orphan SPV is a bankruptcy-remote special purpose vehicle where shares are held by a third-party trustee for a charity,…

Debt-for-Equity Swaps Explained: How Companies Trade Liabilities for Ownership

12 January 2026

A debt-for-equity swap converts existing debt into ownership stakes. Companies cancel outstanding loans or bonds in exchange for issuing equity…

Inside Private Equity Turnarounds: How PE Firms Rescue Underperforming Companies

19 December 2025

A private equity turnaround is a control investment in an underperforming company where value creation depends on operational and financial…

The Absolute Priority Rule in Bankruptcy: How It Shapes Creditor Recoveries

8 December 2025

The absolute priority rule ranks creditor and shareholder claims in fixed order during corporate reorganizations, preventing junior stakeholders from receiving…

Stalking Horse Bids in Bankruptcy M&A: How They Work and Why They Matter

30 November 2025

A stalking horse bid is a binding purchase agreement between a bankrupt company and an initial buyer that sets the…

Spin-In Transactions in M&A: Definition, Mechanics, and Strategic Uses

27 November 2025

A spin in transaction in M&A is the acquisition of an external asset, business line, or venture that gets folded…

Special Situations vs. Distressed Debt: Strategies, Risk and Return Drivers

7 October 2025

Special situations investing targets event-driven dislocations across the capital structure, where speed and bespoke structuring create returns. In contrast, distressed…

Special Situations Funds: Top 10 Private Equity and Hedge Funds

4 October 2025

Special situations funds provide fast, flexible capital to companies facing urgent needs such as covenant breaches, pending restructurings, or hard…

Europe vs U.S. Private Credit: Pricing, Documentation, and Deal Flow Trends

3 October 2025

Private credit is direct lending by non-bank institutions to private companies. In sponsor-backed deals, it is now the default financing…

Special Situations M&A: Turnaround Deals and Distressed Company Restructuring

1 October 2025

Special situations M&A refers to acquiring control or assets of financially distressed companies through legal and financial processes that reset…

Special Purpose Vehicle Structure and Key Financial Benefits

18 August 2025

The Anatomy of a Special Purpose Vehicle A Special Purpose Vehicle (SPV) is a financial structure designed to isolate specific…

Search Funds Explained: Models, Risks, And Performance Data

9 July 2025

The Search Fund Landscape: An Analytical Framework Search funds are a unique, underexplored segment of the acquisition marketplace. Unlike traditional…

Distressed Debt Investing Strategies for Higher Potential Returns

3 July 2025

What Defines Distressed Debt? The Fundamentals When a company’s financial health declines sharply, its debt doesn’t disappear – it transforms.…

Zombie Funds Explained: The Hidden Risk Lurking in Aging Private Equity Portfolios

8 June 2025

What Are Zombie Funds? Zombie funds are private equity or venture capital vehicles that outlive their expected lifespans — typically…

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