More disasters could hit debt-laden companies owned by private-equity shops Apollo, Blackstone and KKR. (Video) THE FORMERLY BOOMING PRIVATE-EQUITY industry is in crisis as deal volume dries up and profits collapse at...
There’s no shortage of LBO shops that lost their shirts (and even shingles) after failed ventures into the VC world in the late 90s. This, I’m convinced, was the birth of the phrase “stick to our knitting.” But what about the...
Will the ghosts of deals done at the height of the leveraged buyout boom come back to haunt their private equity owners? As concerns grow that some companies will have a hard time servicing or refinancing the debt they took on...
MANAMA: Arcapita Bank and its affiliates have signed a definitive purchase agreement to acquire Compagnie EuropŽenne de Prestations Logistiques (CEPL), a European warehouse logistics service provider. Terms of the transaction...
It's no secret that private equity firms have scaled back their dealmaking amid the turmoil of the global markets and economies. But PE has been fast-emerging as a major buyer of leveraged loans and high yield debt from...
Abstract: This paper examines the impact of leveraged buyout firms' bank relationships on the terms of their syndicated loans. Using a DealScan sample of 1,590 loans financing private equity sponsored leveraged buyouts between...
With their bread-and-butter–leveraged buyouts–now scarce, private-equity firms forced to forage elsewhere for returns increasingly are ending up in the leveraged loan market. While LBO transaction volume fell by two-thirds in...
One of the last huge transactions involving a leveraged buyout of a public real estate company was last year’s $22.2 billion acquisition by Tishman Speyer and Lehman Brothers of Archstone-Smith, an apartment landlord with a...
What's missing from private equity giant Apollo Global Management's IPO prospectus? Chairman Leon Black, a veteran leveraged buyout master, is quietly launching a real estate fund that he hopes will compete with those raised by...
FRANKFURT, Aug 12 (Reuters) - Manroland, the world's second-largest printing press maker, remained profitable in the second quarter even after non-cash accounting losses resulting from the company's leveraged buyout, it said on...