Private Equity Wall Street Banks Rush to Sell Leveraged Buyout Debt as Deals CloseDeadlines to complete acquisitions are looming which may force banks to fund deals themselves unless they can find investors in the market. July 14, 2022
Technology Elon Musk Takes Twitter Private for $44BMusk secured $25.5 billion of debt and margin loan financing and will provide about $21 billion in equity to fund the deal. April 25, 2022
Private Equity Apollo Takes Auto Parts Supplier Tenneco Private for $7.1BThe sale wraps a tumultuous stretch for Tenneco, which has endured activist investor pressure and board shakeups. February 23, 2022
Private Equity PE’s Latest Deal Wave Brings More Leverage Than EverLast year, companies backed by PE firms took on debt equal to an average of six times earnings. January 13, 2022
Lending Blackstone and Ares Provide $2B Private Loan for Mimecast BuyoutSponsors are bypassing Wall Street banks to fund buyouts because they like the speed and certainty of going direct. December 17, 2021
Private Equity Morrison Postpones Take-Private Deal Amid Market VolatilityLenders are postponing the financing for CD&R’s buyout of Morrison, as the omicron variant adds to market volatility. December 02, 2021
Lending Medline’s $6B Loan Is Largest LBO Funding Since 2018The buyout is led by Blackstone, Carlyle, and Hellman & Friedman. September 23, 2021
Lending How are Direct Loans Affecting the Lending Landscape?The upcoming October cover story of Mergers & Acquisitions will examine the impact of direct lending. August 25, 2021