TITLE

GTCR's Crafts Platform in Showdown with Creditors

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
July 2009
SOURCE
Mergers & Acquisitions Report;7/27/2009, Vol. 22 Issue 30, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the petition filed by creditors of GTRC-backed Wilton Holdings for an involuntary bankruptcy against the craft products maker. GTCR invested 126 million U.S. dollars of equity in the establishment of Wilton. According to "The Chicago Tribune," TowerBrook Capital Partners is seeking 104 million U.S. dollars, while Deutsche Bank has made a matching claim. The rating outlook on Wilton's debt has been cut by Moody's Investors Service to negative.
ACCESSION #
44148517

 

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