TITLE

High Yield Makes its Mark on Europe's LBOs

AUTHOR(S)
Iyer-Ahrestani, Savita
PUB. DATE
February 2011
SOURCE
High Yield Report;2/28/2011, Vol. 22 Issue 9, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the re-emergence of sponsor-led levered buyouts (LBOs) in the European leveraged finance markets in 2011. It attributes high yield's role in LBO financing to the fact that liquidity in the market was limited during the credit crisis. According to Christian Knitzsche of RBS Global Banking & Markets, people have a more balanced view of the high yield bond product as a viable financing tool. Curt Lyman of High Tower Advisors says it is still easier for private equity firms to fund LBOs via the high yield market.
ACCESSION #
59152498

 

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