RT Journal Article SR Electronic T1 Private Equity for Distressed Companies in Germany JF The Journal of Private Equity FD Institutional Investor Journals SP 55 OP 62 DO 10.3905/jpe.2004.450952 VO 8 IS 1 A1 Andreas B. Kucher A1 Matthias Meitner YR 2004 UL https://pm-research.com/content/8/1/55.abstract AB 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.