FRANCE - Buyout portfolio companies remain healthy
According to a new report, 80% of current portfolio companies acquired in buyouts in France are currently able to manage their debt commitments and covenants.
Of the 20% that were in danger of breaching covenants or defaulting, a further 80% stated that they had entered negotiations with their creditors and had found a solution to their difficulties. The result is that only 4% of private equity-backed companies in the country are thought to be struggling to negotiate and manage their debt, equating to around 70 businesses.
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