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Private equity firms handing over assets to creditors as distress rates rise. Iran dealing with unintended consequences of ultra-cheap petrol. Severe drought in Panama hits global shipping industry, causing disruptions in the transportation of goods through the Panama Canal.
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Quick takeaways
- Private equity firms are transferring ownership of struggling portfolio companies to rival firms' lending arms due to high interest rates and supply chain issues.
- Iran is struggling with the financial burden of keeping petrol prices low through heavy government subsidies, leading to difficulties in a politically challenging environment.
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Private equity giants struggling with portfolio companies
Private equity giants like KKR and Bain Capital are facing challenges with their portfolio companies. High interest rates, supply chain issues, and sticky inflation are contributing factors. Some debt used for buyouts was not hedged against interest rate rises, adding to the struggles. The lending arms of rival firms are taking over ownership of these struggling companies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode