It's good to be a bank
9 April 2009
Email
Share
A deal funded 71% with debt 7.5 times ebitda sounds like a throwback to Steve Schwarzman s 60th birthday. But that s the financing Barclays is offering with its sale of iShares. Fifth Third did something similar for Advent. LBOs are OK again when the lender is the seller.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.