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Published October 2, 2009 at 11:59 AM
In 2006 and 2007, LBO firms indulged in a wild, debt-fueled buying spree that yielded a string of record-shattering deals. In 2006 a $33 billion buyout of hospital chain HCA Inc. broke the LBO size record set back in 1989 by Kohlberg Kravis Roberts & Co.'s storied $31.3 billion takeover of RJR Nabisco. By early 2007, two buyouts had shattered the HCA mark: Blackstone Group LP's (NYSE:BX) $39 billion take-private of Equity Office Properties, which was soon beaten by KKR and TPG Capital's $45 billion deal for Texas utility TXU Corp.
Leezie Kim is rejoining the Phoenix office of Quarles & Brady LLP as a partner. She will continue her corporate transactions practice. For other updates launch today's Movers & shakers slideshow.
Dechert's Henry Nassau at the 18th annual Wharton Private Equity and Venture Capital Conference tells The Deal Pipeline how to shine in the middle market. More video
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