The Debt Trap: How Leverage Impacts Private-Equity Performance By Sebastien Canderle Endorsed by yours truly is out today - let us know what you think.
The Debt Trap - Description
This is the inside story of private equity dealmaking.
Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong.
Through 14 business stories, all emanating from the noughties' credit bubble and including headline-grabbing names like Caesars, Debenhams, EMI, Hertz, Seat Pagine Gialle and TXU, The Debt Trap shows how, via controversial practices like quick flips, repeat...
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