Can troubled investors take advantage of the measures governing a global insolvency? Wilbur L. Ross, chairman and CEO of the private equity firm WL Ross & Co., LLC, has the opportunity to bid for debt and equity claims on Plascar Industria e Comercio Ltda., the Brazilian subsidiary of the bankrupt international auto components company Collins & Aikman Corp.
In appraising this chance, students must examine Ross's strategy to reshape a global industry with significant overcapacity, consider the opportunities created by the legal procedures that regulate cross border insolvencies, examine a debt overhang problem, and consider how restructuring choices can address this issue.
PUBLICATION DATE: March 04, 2009 PRODUCT #: 209091-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
WL Ross and Plascar Case Solution
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