LBO Shops Pounce on IDS

MacFadyen, Ken
May 2004
Investment Dealers' Digest;5/24/2004, Vol. 70 Issue 21, p11
Trade Publication
Focuses on income depository securities (IDS), a hybrid structure created by CIBC World Markets, which combines the common stock and debt of a business into a solitary unit. Buyout firms' use of income depositary securities (IDS) as exits from their portfolio companies in the U.S; Companies' selection of IDS as an alternative to buyout; Blackstone Group and GE Capital Corp.'s flotation of IDS units in their initial public offering of portfolio company Volume Services Americas Holdings Inc.; Opportunity that IDS structure presents to buyout players.


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