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And K.K.R.'s writing an equity check for more than half the price of its $7.2 billion acquisition of Samson could be another.
Cerberus and Ampersand put up $590 million for the deal in 2004, and Cerberus cut an equity check of about $80 million for majority control.
Miramax's buyers, by contrast, are expected to borrow against receivables of about $300 million, thus writing an equity check of about 55 percent.
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Dave Checketts, who led a group to bid for the Rams, said buyers needed "a big equity check" to avoid using too much debt.
As a result, any buyer of Hasbro would need to offer up a big equity check.
"I can't do anything less than a $100 million equity check," he says.
That's an enormous amount for even two private equity firms to cover, assuming that these shops brought in other investors to help out with the equity check.
To write the accompanying $4 billion equity check, buyout firms could team up — in another replay from yesteryear — or bring co-investors in.
Zhang and Binance Labs director Christy Choi explained that the large equity check is designed to "facilitate" startup founders by allowing them to focus on developing a product or service, rather than having to set up a business.
Although I write weekly, I like to think that each post ages me roughly one year, or at least doubles Uber's valuation (you're welcome – you may send my equity check in the mail).
With the investment, Dell's contribution would be more than half of the total "$8 billion to $9 billion equity check, with the remainder of the takeover financed by debt and possibly some of the $11 billion of cash Dell reported it had as of Sept. 30.
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