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The future of classic private-equity buyouts under higher interest rates
Bloomberg Opinion’s Paul J Davies argues that higher-for-longer rates might spell the end of classic leveraged buyouts. He points to firms’ difficulty selling companies bought with cheap pre-pandemic debt.
TLDR
Bloomberg Opinion’s Paul J Davies argues that higher-for-longer interest rates might end the era of classic private-equity leveraged buyouts. He says firms have struggled since 2023 to sell companies bought with ultra-cheap debt before the pandemic and have used financial engineering to keep some money moving.
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