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Credit Crisis Spells Disaster for Private Equity Firms

Debt tightens as profits fall for many acquired companies

By Nick McMaster, Newser Staff

Posted Nov 3, 2008 11:30 AM CST

(Newser) – After a nearly 3-year buyout spree, private equity firms are facing tightened credit conditions just as slumping consumer spending squeezes many of their acquisitions, the New York Times reports. The leveraged-buyout bubble that culminated in $796 billion in deals in 2007 is bursting, leading to... Read full story »

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Credit Crisis Spells Disaster for Private Equity Firms

Debt tightens as profits fall for many acquired companies

private equity • leveraged buyouts • debt • buyout • credit crisis • private equity firms • financial crisis

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