Your English writing platform
Discover LudwigExact(17)
Such moves reflect the evolution of the big private equity firms from leveraged buyout specialists into broader asset managers.
One comes from leveraged funds and so-called inverse funds, which return the opposite of what an index does.
Investors are reducing their exposure to banks with large investment banking arms, fearing losses from leveraged loans they have underwritten but cannot sell on to investors.
Several investment firms used MAC clauses in their deal agreements to walk away from leveraged buyouts reached during the private equity boom.
Blackstone's chief operating officer, Hamilton E. James, said the deal would help strengthen the firm's existing operations as it continued to diversify away from leveraged buyouts.
Most of the attention has been on the nation's biggest banks, which reported mostly disappointing results on write-downs from leveraged loans, mortgages and consumer credit.
Similar(43)
Smithfield's offer counters a $22.25 per share cash offer from a leveraged management buyout from affiliates of Donaldson Lufkin & Jenrette, certain members of IBP senior management, Archer Daniels Midland and Booth Creek Partners.
The $25 per share price is a 19.8% premium over IBP closing price Friday of $20.88, and it tops an accepted bid from a leveraged management buyout from affiliates of Donaldson Lufkin & Jenrette, certain members of IBP senior management, Archer Daniels Midland and Booth Creek Partners.
Many of these K.K.R. portfolio companies will seek to use the proceeds from the share sales to reduce the debt they took on from their leveraged buyouts.
Even Peabody is expected to use proceeds from its inital offering to cut debt, much of it stemming from a leveraged buyout that put the company in the hands of a Lehman Brothers merchant banking fund three years ago.
Investment banks soaked up $5.2 billion in revenues from private equity clients through the end of June, half of that from arranging leveraged and highly leveraged loans for deal financings, according to Dealogic.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com