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Three years after publication, Mr. Cole was still getting leverage from the book.
"It looks like both companies are already getting leverage from merger-related cost savings, and it's going right to the bottom line," Damien Conover, a Morningstar analyst, said.
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That's where you're going to get leverage from.
"It's all about getting leverage".
In effect, firms can get leverage for nothing.
And where else can private equity get leverage these days apart from in banking, an intrinsically leveraged business?
LIB: We've got leverage now.
Bankers "get leverage by talking to other institutions," he said.
"You've got to get a certain level to get leverage in the marketplace".
"You can get equity-type returns from debt instruments that may be a better play than pure equity right now, where you can't get leverage," Mr. Black told a private equity conference in Munich in February.
"You can get equity-type returns from debt instruments that may be a better play than pure equity right now, where you can't get leverage," Mr. Black said in February at a private equity conference in Munich.
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