As buyouts like Thomson Learning, Dollar General Corp. and U.S. Foodservice Inc. come to market, The Deal's Vipal Monga looks at the tightening debt markets forcing the renegotiation of terms, postponement and abandonment altogether, and racking up losses for nearly every investment bank engaged in leveraged finance. Could firms that have taken too many losses shy away from lending to private equity, he asks. But is that necessarily a bad thing?
And out of Washington, The Deal's Bill McConnell and Ron Orol examine what exactly Congress has planned for PE shops and other partnerships with respect to the great carried interest question.
Crunch or recalibration?
The big shakedown
