Battle lines drawn in ISS court case

ISS Global


The fallout from the leveraged buyout of Danish cleaning services firm ISS Global is developing into a heated battle between the buy-side and sell-side institutions; the dispute looks set to stretch over the summer. Holders of ISS Global bonds are in the process of taking legal action against PurusCo, the buyout vehicle for Goldman Sachs Capital Partners and EQT Partners, over the proposed financing structure for the acquired company.

Although the ISS story highlights the importance of

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