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Article: Private-equity firms bring duds to market; Leveraged-buyout offerings may not lure investors.(News)
- Article from:
- Investment News
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Aaron Elstein
After a long hibernation, the lords of leveraged buyouts are up and about. Kohlberg Kravis Roberts & Co. finally went public last month after a two-year delay, while The Blackstone Group and Cerberus Capital Management LP unveiled plans to return to their favorite pastime: reaping fat profits from selling companies back to the public. If ever there was evidence that the markets are back, baby, this is it.
Um, hang on. Sure, private-equity firms would like to please their investors and sell some of the stuff they paid top dollar for during the merger frenzy that ended two years ago. But for lots of good reasons, it doesn't look like ...
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