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Economy hitting portfolio companies of big private equity firms

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Private Equity
Kohlberg Kravis Roberts (KKR)
Apollo
Forbearance
Sealy Corp.
Moody's
Sun Capital
investment dealers

As if private equity firms didn't have enough problems. Investment Dealers' Digest suggests that the rocky economy may be a problem for restaurant-chains, home furnishing companies and others whose fortunes are tied to the consumer economy. Linens Holding Co., owned by Apollo Global Management, recently asked its lenders for--and received--forbearance. Kohlberg Kravis Roberts' Sealy Corp., a maker of mattresses, may see problems as consumers restrain spending, the magazine notes. Moody's issued a negative outlook on the company, citing worsening economic conditions, among other things. Also, Sun Capital's Real Mex Restaurant chain was downgraded and hit with a negative outlook; it runs El Torito, Chevys Fresh Mex and Acapulco Mexican restaurants.  

For more:
- here's the article from Investment Dealers' Digest (for FierceFinance readers)

Related Article:
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