PE

Creditor to predator
「禿鷲」在危機中翱翔


今年金融界盛行一種神祕遊戲,即投資於陷入困境的公司的債務,希望部分債權人最終將以低價控股這些公司。由於是趁人之危,藉機生財,這些投資者因此被比作「禿鷲」。

It was 2004 and America's housing boom was near its height – 2.2m homes were started in the US that year and, if there was one thing they all needed inside and out, it was doors. One main supplier of those: Masonite International, a Canadian company that for 80 years had been in a construction materials business William Mason, its founder, helped develop with his trademarked hardboard.

2004年,美國房地產熱潮接近頂峯,當年新開工房屋數量達到220萬套,如果說有一樣東西是家裏家外都需要的,那就是門。加拿大美森耐國際集團(Masonite International)是主要供應商之一,該公司從事建材行業已有80年之久,該公司創辦人威廉•美森(William Mason)憑藉註冊了自己商標的纖維板,幫助促進了行業的發展。

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