Rick Chance, Head of KPMG Corporate Finance's Special Situations Advisory Group, quoted in USA Today

March 14, 2008

On March 14, 2008, Rick Chance, Head of the Special Situations Advisory Group at KPMG Corporate Finance, was interviewed by Matt Krantz of USA Today relative to his article "Creditors Tap Assets of Carlyle Capital."  

Rick Chance was quoted, in general, with regard to Carlyle Group's perspective that the failure of Carlyle Capital would "not have a measureable impact on any of our other funds, investments and portfolio companies."

Rick Chance Quote:
Meanwhile, the companies that private-equity firms bought during the boom may strain under their debt loads due to the slowing economy, says Ricardo Chance of KPMG Corporate Finance. "If the companies (private-equity firms invested in) start to underperform, the assets will be worth less, he says.

But investors likely will still need to endure more blowups as risky funds fail, Chance says. "It's going to take a while to flush out."

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