Private companies are struggling to generate enough cash to manage mounting liabilities, handing management duties to their lenders in the highest numbers in at least six years.
In the first nine months of the year, lenders took over 45 firms, more than twice as many than the year before, according to
In a separate report due later Wednesday, the firm also found that debt tied to these transactions rose to nearly $25 billion over the same period, also the highest since at least 2019, as companies increased their leverage while earnings growth slowed in the most recent ...