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KKR

+3

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring
LockSimple

Jan 23, 2026

•

42 min read

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

Inside the “Distressed Disposal” Trap: How the AHG Weaponized European Documentation Holes to Engineer a Coercive Squeeze

KKR

+5

Thames Water Part 3, The Last Drops?

Oct 17, 2025

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43 min read

Thames Water Part 3, The Last Drops?

A debt-ridden utility caught up between hedge funds fighting for scraps, all while the public watches on

Pari Passu

Restructuring, credit, and distressed debt insights from a hedge fund analyst and former restructuring banker

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