PRINT THIS PAGE Jumping on the bandwagon
29/10/2002. Source:Credit. Lisa Cooper
A wave of leveraged buy-outs is on the horizon. Private equity firms, investment banks and high-yield investors are rubbing their hands at the prospect. Investment-grade bondholders, on the other hand, fear they will end up paying the price. Lisa Cooper of Credit Magazine assesses the LBO climate.
With share prices struggling, interest rates at rock bottom and companies looking to spin off non-core businesses, it was only a matter of time before LBOs returned in force. The situation is now reminiscent of the late 1980s when LBOs exploded in the US. Private equity firms are jumping on the bandwagon.
Copyright © 2002 Risk Waters Group Ltd
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Lisa Cooper is a journalist with Credit magazine.
Launched in February 2000, Credit has quickly become a must read publication for all credit investors, issuers and market professionals. With its mix of news, profiles, features, sector reports, data and technical articles, Credit provides unique, independent, dedicated content which is highly respected by your clients, your peers and by your competitors. For more information please visit www.creditmag.com
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