Fortune favours the brave in a bull market
Article Abstract:
The one stop shop is a high-growth sector of the capital market. These operators can provide fast, simple solutions and reduce the number of conditional clauses in acquisition bids. The larger operators, including Goldman Sachs and CSFB, are proving particularly successful in the developing European market due to their US experience. Some analysts fear that the leverage finance market could see too much activity, and that operators could make expensive mistakes. Others believe that problems are a natural facet of a high-risk market and do not indicate overall ill-health.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Continental drift
Article Abstract:
UK investors are seeking opportunities in the European buyout market after the UK and US markets have become increasingly commodity focused. Private equity houses are more prepared to invest directly in European firms because they have large stockpiles of surplus cash. The main areas for investments are Germany and France, although smaller countries are also attracting interest, such as Spain and the Netherlands. Market analysts are concerned about the possible overheating of the market, fueled by excessive funding.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Morgan Stanley crushes final high-yield barrier
Article Abstract:
A key feature of the Ffr3.2 billion leveraged financing arranged by Morgan Stanley for the purchase by BC Partners of French mailroom equipment concern Neopost was the inclusion of a floating rate note with a one-year non-call period. Structuring the deal in this way will have significant implications for the future. It is becoming clear that for a certain size of European buyout, there will almost certainly be a high yield component. The implications for the future of mezzanine financing remain uncertain.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1997
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