Credit Crisis Squeezes More Than Just Homeowners
The Record, Bergen County, NJ › February 11, 2008
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Summary
NEW YORK Homeowners aren't alone in experiencing buyers' remorse in today's troubled marketplace. Private-equity firms, too, are finding out their recent investments might not be worth what they paid for them.
Gone are the days when buyout shops could purchase a company, pile on debt for an initial fat payout for themselves and then quickly flip it for a big profit. The credit crisis has put a freeze on debt-laden deal making and is causing bond investors to shun the risky debt used to finance the takeovers.See the full content of this document
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Credit Crisis Squeezes More Than Just Homeowners
That could jeopardize the returns seen on some deals which isn't just the buyout firms' problem.
Investors from pension funds to endowments to financial institutions have plun...See the full content of this document
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