Entries tagged "Merrill Lynch Global Private Equity"
Could the epic saga of the BCE Inc. buyout finally be easing into its denouement? A report in The Globe and Mail, Canada's national newspaper, might make you think so....
To some degree, the bank stonewall on financing large deals in the pipeline can be seen as a profitable waiting game. The shoring up of lender balance sheets with equity capital and leveraged loan offloads has lifted prices in the loan market, which have edged up. If the banks can escape funding, they hit a home run. If they must fund, the delay trims their losses on day one. This appears to be the case with the C$52 billion ($51 billion) buyout of BCE Inc. by Ontario Teachers' Private Capital, Providence Equity Partners Inc., Madison Dearborn Partners LLC and...
