Australia distress: Sifting the strain
The low-hanging fruit created by the post-global financial crisis troubles of highly-leveraged Australian companies has mostly been picked. Distress investors are looking in smaller and less obvious places
The story of diagnostic imaging business I-Med Networks is a familiar one in Australia. Acquired by CVC Capital Partners in a A$2.6 billion ($2.3 billion) deal in 2006, it was one of a spate of highly-leveraged...
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