LBOs: What the little guy should fear
Article trying to give private equity a bad name...but an interesting lbo/index.htm?section=money_latest"_blank">perspective nonetheless.
Leveraged buyouts (LBOs) are booming, and Wall Street seems to be cheering the surge.
Cash-rich private equity firms have been on a buying spree. Global sponsor-backed buyouts have reached $372.6 billion so far this year, more than double the amount at this time last year, according to deal tracker Dealogic.
The most prominent case came Monday when hospital operator HCA (Charts) agreed to a $21 billion leveraged buyout, one of the largest LBOs ever and close to the $25 billion record set in the 1989 buyout of RJR Nabisco (Full story)
This really can't go on, though the HCA deal seems to have made more sense than Deutsche Tel.
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