The credit markets may be allowing for a record amount of high yield issuance, but not all businesses are readily able to refinance their debt and many of these companies fall into the middle market category, says Peter Kaufman, president of Gordian Group where he heads the firm’s restructuring and distressed M&A practice. Kaufman said in an interview with Aleksandrs Rozens that private equity firms are no longer willing to accept the occasional wipeout. “They want to wrest value out of everything,” he said.
