Wall & Main - Equity Firms Not Slowing Purchases
The Commercial Appeal (2007-Current) › July 10, 2007
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Summary
NEW YORK - Wall Street seemed almost ready to say goodbye to the big buyout boom of 2007.
Just a week ago, some analysts were questioning whether private equity firms could survive a trifecta of problems. Bond market turbulence seemed to be curbing enthusiasm for debt sales used to fund deals, while lawmakers in Washington were looking to raise taxes for the industry. And Blackstone Group's public debut didn't resonate with investors.See the full content of this document
Extract
Wall & Main - Equity Firms Not Slowing Purchases
Such speculation now seems quite unfounded. This past week, Blackstone's Stephen Schwarzman secured a $26 billion acquisition of Hilton Hotels Corp., and KKR & Co. LLP's Henry Kravis unveiled a...
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