More Debt Buyers Get Side Order of Equity

Sheahan, Matthew
May 2007
Investment Dealers' Digest;5/14/2007, Vol. 73 Issue 19, p6
Trade Publication
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.


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