Getting The Deal Through - Private Equity - Transactions
The term private equity is used to describe leveraged
investments in more mature companies; transactions include both
private-to-private and public-to-public deals. In a leveraged
transaction the purchase price to be paid by the private equity
fund in exchange for the shares is paid mostly with borrowed money.
The finance documentation is structured in such a way that the
borrowed money ultimately becomes a debt of the portfolio company
itself (ie, debt push-down).
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Authors:
Louis Bouchez, Floor Veltman and Maurits Bos
(with Jan van den Tooren and Reinier Noort of Hamelink
& Van den Tooren NV)
Published:
Getting The Deal Through - Private Equity - Fund formation and
transactions in 42 jurisdictions worldwide, 2009