TITLE

More Debt Buyers Get Side Order of Equity

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
May 2007
SOURCE
Investment Dealers' Digest;5/14/2007, Vol. 73 Issue 19, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the trend where debt investors are given opportunity to co-invest in equity portion of leverage buyout (LBO) deals in the U.S. Mark Epley of Deutsche Bank AG said that the trend is on the upswing, as investment banks are on the hook to provide pieces of equity in LBO. For instance, Harrah's Entertainment Inc. has agreed to a $27.8 billion LBO by Apollo Management LLP and Texas Pacific Group Inc. Comments from analysts concerning LBO are also discussed.
ACCESSION #
25128663

 

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