Follow the Money

Today's Daily Deal reports (subscription only) that private equity player Advent has invested $40M in NBS. What is NBS? National Bankruptcy Services. This came up as odd for me and some others here as the corporate reorg market is due for a slow down, not a pick up, in business. A little deeper in the column you read though that NBS focuses on C. 7 and C. 13 bankruptcy monitoring services; as in, personal or small biz bankruptcies. Follow the money.

In other news, Adelphia GUCs appear to be getting short-changed, again, by about $1B says the LA Times. I know some folks who are gonna be unhappy about that.