Distressed Buyout Specialists Launch New Company, Recapitalization Partners, LLC, to Recapitalize Struggling Businesses

NEW YORK--(BUSINESS WIRE)--Bruce Berger and Nat Wasserstein, longtime partners in the distressed asset and turnaround space are launching a new private investment firm. Their focus will be on the recapitalization of financially distressed companies that have revenues between 50 and 150 million dollars. Berger and Wasserstein were founding partners at Lindenwood Capital Partners, a fund specializing in the investment and operation of distressed companies. Over its six year lifetime, Lindenwood successfully realized an annualized internal rate of return of 35.95% for its investors.

“With current credit restrictions and the disappearance of many asset-based lenders, we believe that our capital can be put to immediate use to fix the balance sheets of companies struggling with a burdensome capital structure, giving them needed stability and the opportunity to resume growth”

Berger and Wasserstein are returning with a new investment firm because “There has never been a better time to deploy capital and resources to help companies restore profitability and create clean balance sheets," says Mr. Berger.

The firm will invest with long time partners that include some of the country’s most prominent investors. Recapitalization Partners, LLC will purchase the claims of senior lenders so companies can rapidly begin the process of restructuring without the threat of insolvency.

“With current credit restrictions and the disappearance of many asset-based lenders, we believe that our capital can be put to immediate use to fix the balance sheets of companies struggling with a burdensome capital structure, giving them needed stability and the opportunity to resume growth,” says Mr. Wasserstein.