Deals are doable and there’s money to be had, said Wes Marple, finance professor in the College of Business Administration at Northeastern University.
“The debt markets are in some turmoil, but a good deal can always get financing; bankers are awash in cash, but now they’re more cautious about where they put their cash, ” Marple said.“Getting cash to fund this buyout is going to depend on his banking connections and their perception of the ability of his firm to service debt or to sell some pieces of the business that would allow him proceeds from sales to retire what they borrow.”
Mukesh Bajaj, a senior managing director of Emeryville, Calif.-based LECG, an analytical and consulting services firm, said leveraged buyout debt trading has declined in value.
Banks issue leveraged loans and sell them to investors. But investor interest has cooled.
To read this entire story, please visit: http://www.paradigmshiftpr.com/landrysbuyout.htm
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