Category Archives: M&A

I’m not exactly a fan of private equity …

… but an E&Y study I wrote about yesterday claims they are creating value — with returns higher than the public markets — with some new “levers.” I’m not so sure. The businesses they have acquired are earning higher valuations on … Continue reading

Posted in Corporate debt, Corporate finance, Leveraged buyouts, M&A, Private equity, Uncategorized | Tagged , , , | Leave a comment

The banks trust Henry

As I wrote on CFO.com last week, LBO dealmakers have access to cheap debt. New proof of that came out today. According to Reuters, KKR got the cheapest borrowing rates ever for a leveraged buyout.  For the acquisition of Gardner … Continue reading

Posted in Banking, Corporate debt, Corporate finance, Leveraged buyouts, M&A, Private equity | Leave a comment

Buffett explains how to play it safe

The Seeking Wisdom blog on WordPress had a great post about the concept of margin of safety. Read it here. Among other points, he provides an excerpt of a 1984 speech on buying companies, by none other than Warren Buffett … Continue reading

Posted in Banking, Corporate debt, Financial crisis, M&A, Too Big to Fail | Leave a comment

New Files to Download

The Goldman Sachs study on Too Big Too Fail, an S&P note on rising leveraged buyout valuations, and a data screen on the top companies with rising debt levels relative to EBITDA. Enjoy.

Posted in Corporate debt, Data, Downloads, M&A, Regulation, Too Big to Fail | Leave a comment