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Text size [+][-]  Saturday March 20 2010GLOBAL EDITION

Considered view
12 Nov 2009 20:57

Layering on mezzanine

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Blackstone, TPG and KKR have all tapped mezzanine funds for recent LBOs. The hybrid debt-equity financing plugs a gap that burnt banks aren't yet willing to fill. Some buyout firms have mezz funds in-house, too. And while it's pricier than straight debt, mezz is more flexible.

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More stories by:  Lauren Silva Laughlin






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