Insolvency: Approach with care
The downturn in corporate activity has left private equity firms with a backlog of uninvested funds and many of their targets in parlous financial health. Jonathan Angell and David Carter explain how lawyers can best guide their clients through the investment minefield
“It is a truth universally acknowledged, that a private equity firm in possession of a good (i.e. not yet fully invested) fund must be in want of an investment opportunity.” Apologies to Jane Austen, Mr Darcy and the Bennets.
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