Overview
Mark Fine, partner at law firm McDermott Will & Emery, said:
“Given some of the difficulties PE backed businesses have had accessing state aid over recent months this potential development will be welcomed by private equity firms. The retail industry has been one of the hardest hit during the pandemic with a number of high profile reorganisations and restructurings. Should some of these businesses be able to access state-backed capital as a sole funding source or in conjunction with new money provided by third party creditors and/or shareholders it may well allow them to weather the storm.”
