CD&R Kept Multi-Color’s Keys, Creditors Fought Back
The private equity firm kept control of its portfolio company after a bankruptcy filing, but a group of creditors are challenging the deal in court
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Welcome to The Brink. I’m Reshmi Basu in New York, where I’ve been following the recent bankruptcy filing by Multi-Color. We also have news on software loans, SmileDirectClub and litigation funder Katch. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Private equity firm Clayton Dubilier & Rice pulled off the rare feat of keeping control of a portfolio company through bankruptcy. Now it must defend that against a legal challenge from some disgruntled creditors.