Credit funds weigh LBO risks

New Angles

Philip Green, the British entrepreneur, may not have been successful with his leveraged buyout (LBO) play for British retailer Marks & Spencer (M&S), but he has managed to worry credit investors. Green amassed £13 billion in financial backing for his M&S bid, and credit managers are interpreting that feat as a sign that there is plenty of appetite to do a large LBO. The question is which company or companies will ultimately yield, but as LBO volumes have steadily increased over the past five yea

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: