Point of no return

What determines the future of a portfolio company? GPs with spotless track records are falling into trouble, and the operational expertise and hands-on approach once heralded and admired are no longer sufficient. It seems the industry, as everyone else, is in the hands of the "world economy." For example, Nordic Capital-backed Plastal Holding, which filed for bankruptcy last month, cited the 40% drop in market volumes in the automobile industry as the main reason for their insolvency