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Simmons Bankruptcy: Study in Private Equity Run Amok

Buyout firms profited as mattress maker saw its debt skyrocket

By Jason Farago, Newser Staff

Posted Oct 5, 2009 7:30 AM CDT

(Newser) – The mattress company Simmons will be filing for bankruptcy protection soon, wiping out bondholders and jeopardizing more jobs at a company that's already fired a quarter of its work force. While Simmons watched its debts balloon nearly tenfold since 1991, a string of private equity... Read full story »

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Simmons Bankruptcy: Study in Private Equity Run Amok

Buyout firms profited as mattress maker saw its debt skyrocket

private equity • bankruptcy • Thomas H. Lee Partners • credit market • buyout firms • mattress

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