Deals
In Retailer Bankruptcies, Private Equity Comes Under Fire
- Private equity tactics at distressed retailers come under fire
- Funds dispute post-LBO asset transfers, bankruptcy loans
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Don’t try to shortchange Jay Wintrob or Mark Brodsky in bankruptcy court when your retail buyout goes bust.
Wintrob’s Oaktree Capital Group and Brodsky’s Aurelius Capital Management are kicking back at private equity owners in separate Chapter 11 cases, as investors lose patience for tactics that buyout firms use to reduce their own risks.