Article: LBOs are back with a bang.

Byline: James Hall

Oct 02, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The takeover bid for Coates Hire shows that leveraged buyouts (LBOs) are still viable. Private equity firm, The Carlyle Group, and National Hire have made a $A2.2 billion bid for the Australian equipment hire company. It is the first LBO since the US credit crisis. Simon Moore, of Carlyle, said that the financing market has remained strong in Australia, with plenty of interest in funding the deal. The market has ...

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