Notable (3/19/17)

  • Littlejohn & Co. has acquired a majority stake in Total Safety, a Houston-based provider of integrated safety and compliance services, for an undisclosed amount. This is a rare out-of-court resolution for a distressed oil field services provider that was probably on folk's radars.
  • Bill Ackman is taking an intense beating. YIKES.
  • Blackstone is shutting down its distressed debt hedge fund.