@article {Kucher55, author = {Andreas B. Kucher and Matthias Meitner}, title = {Private Equity for Distressed Companies in Germany}, volume = {8}, number = {1}, pages = {55--62}, year = {2004}, doi = {10.3905/jpe.2004.450952}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article summarizes the characteristics and trends of private equity investing in troubled companies in Germany. The analysis shows a growing importance of distressed companies for private equity firms, mainly for traditional buyout funds. However, investment behavior seems to be increasingly risk averse since turnaround and buyout investors prefer a relatively stable economy, early stages of distress, qualified management, and better potential exit possibilities. Another finding is that restructuring strategies of investors in the fields of organization/management, products/services, and human resources do not depend on the causes of distress.}, issn = {1096-5572}, URL = {https://jpe.pm-research.com/content/8/1/55}, eprint = {https://jpe.pm-research.com/content/8/1/55.full.pdf}, journal = {The Journal of Private Equity (Retired)} }