Debt is not a conclusive factor in explaining insolvencies for portfolio companies, and PE-backed businesses do not carry more insolvency risk than other companies, according to new research by Imperial College London and Leeds University.
The study was conducted by academics Mike Wright (Imperial College) and Nick Wilson (Leeds University), who analysed a data set comprising more than nine million UK-based businesses, including 153,000...
Palero Capital has sold Heidrive to US drive technology company Allied Motion
Exit comes almost eight years after both GPs bought a joint 40% stake in the business
Fundraising partner Johansen leaves one week after CEO Tim Jones unexpectedly stepped down from his role
Both GPs are understood to have secured a joint controlling stake in the dubbing specialist