Buyout-backed companies continue to falter

Restructurings of three private equity-owned companies this week have added to the gloom for the buyout sector, which has seen more portfolio companies bankruptcy filings so far this year than in the whole of last year.

UK buyout firms Permira, Argyll Partners and Hermes Private Equity have each had portfolio companies enter restructuring talks or file for bankruptcy protection in the last two days.

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