Any company with a lot of hard assets is good for a complicated debt structure, which is always attractive to financial buyers. |
Private equity likes retail because of the real estate element. There is plenty of hidden value in the owned and leased real estate in these companies' portfolios. |
We are seeing this in the recent round of earnings releases - it's becoming more challenging for companies to make their numbers, but they are optimistic and looking to support internal growth with acquisitions. |