Welcome to The Brink. I’m Giulia Morpurgo in London, where I followed the creditor takeover of garden furniture maker Keter. We also have news on Egypt, Chinese developers Kaisa and Vanke and Swedish debt collector Intrum. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @gmorpurgo.
A manufacturer of resin-based storage, garden sheds and outdoor furniture became the cautionary tale of the risks private equity firms face in the era of surging inflation and high borrowing costs.