special-situations
(7)
The Agency Bought for Its Bad Days
TrailRunner built an agency for the moments when law, money, politics and reputation collide. Then a public-affairs group paid $33 million upfront to own that collision.
The Work That Begins When the Org Chart Stops Working
HJG / Advisors sells an unusual kind of management help: the experienced operator who enters when the problem is valuable, political, and inconveniently homeless.
The Case Was Won. The Argument Wasn’t Over.
Highgate built a consultancy around an awkward truth: winning the legal argument does not always make the other side move. Its work begins where the brief ends - with intelligence, pressure, politics and a path back to the table.
Cottonwood’s Billion-Dollar Bet on Being the Lender Who Can Take the Keys
Cottonwood built a real-estate credit machine with an unusual promise: if a complicated loan turns into a complicated building, its team can keep working. A $1 billion special-situations strategy is now testing that premise across data centers, housing, logistics and mixed-use projects.
The Firm That Buys Companies Nobody Wants - and a Football Club Everybody Watches
Clearlake turned a distressed-debt strategy into a $90 billion machine by fixing unglamorous companies - then bought a Premier League club to prove the point.
The Quiet Maryland Firm That Keeps Buying the Stores You Grew Up With
It bought Lids for less than half what it last sold for, rescued Claire's from liquidation, and calls itself a mini-Berkshire. Ames Watson would rather own a brand for thirty years than sell it in five.
The Private Equity Firm That Grew Out of a Turnaround Shop
Born from one of the world's best-known restructuring firms, A&M Capital bets that operators, not just financiers, make the better owners of mid-sized companies.