Secondary buyouts, or transactions in which a private equity group buys a business from another, have been a substantial part of leveraged buyout activity this year.
Leveraged buyout activity may be down, but that hasn't dampened limited partner appetite for private equity funds — especially targeted ones.
For Blackstone, buyout activity proved less lucrative than hedge funds: the former showed a 42percentt rise in earnings, but the latter jumped 88percentt.
WALL STREET JOURNAL Blackstone Turns to Managing Loans | As buyout activity slows, the Blackstone Group and Ares Management are turning toward managing credit, particularly European collateralized loan obligations, Bloomberg News reports.
Hence the obvious comparison with Blackstone, which went public in June 2007 as similarly favorable market conditions made debt cheap and plentiful and spurred record leveraged buyout activity.
In the latest sign that private equity mania has filtered down to Main Street, retail-investor-oriented SmartMoney.com is running a question-and-answer story about buyout activity and "how individual investors can get in on the act".
The New Yorker, May 8 , 1989P. 81 THE WORLD OF BUSINESS about increased LBO (leveraged buyout activity on Wall St., financed by junk bonds & also about the new Treasury Secretary Nicholas Brady, who seems to be emphasizing regulatory fine-tuning. This is a change from the Reagan years which were sympathetic to a free market.
By Connie Bruck The New Yorker, May 8 , 1989P. 81 THE WORLD OF BUSINESS about increased LBO (leveraged buyout activity on Wall St., financed by junk bonds & also about the new Treasury Secretary Nicholas Brady, who seems to be emphasizing regulatory fine-tuning. This is a change from the Reagan years which were sympathetic to a free market.
THE WORLD OF BUSINESS about increased LBO (leveraged buyout activity on Wall St., financed by junk bonds & also about the new Treasury Secretary Nicholas Brady, who seems to be emphasizing regulatory fine-tuning. This is a change from the Reagan years which were sympathetic to a free market.
About two-thirds of last year's buyout activity was in Europe.
