 |
|
“Even when the market was functioning we could see that these were very poor quality assets – a deal that is a pig at par is still a pig at 96” |
NOBODY WAS GOING to win any prizes for guessing that the cheap money fuelling the leveraged buyout boom of the past few years would not last for ever. Even as the stream of ever more audacious deals continued to hit the market in the first half of this year (and long before) many firms – indeed often the same firms that were sponsoring these buyouts – were working on how best to exploit the inevitability that some of these deals would not survive.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
