Recaps Raise Red Flags

Holman, Kelly
October 2009
Mergers & Acquisitions Report;10/5/2009, Vol. 22 Issue 40, p26
This article discusses the advantages of obtaining restructuring advisors involved in private equity-sponsored dividend recapitalizations for companies with debt. This advantage is shown by the dividend recapitalizations of mattress manufacturer Simmons Bedding Co. Simmons has a long-term debt which is worth 987 million U.S. dollars. Miller Buckfire & Co. LLC is Simmons' restructuring advisor.


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