SKU: 18412125807

The Debt Trap: How Leverage Impacts Private-Equity Performance

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The Debt Trap: How Leverage Impacts Private-Equity PerformanceThis is the inside story of private equity dealmaking. Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong. Through 14 business stories, all emanating from the noughties' credit bubble and including headline grabbing names like

This is the inside story of private equity dealmaking.

Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong.

Through 14 business stories, all emanating from the noughties' credit bubble and including headline-grabbing names like Caesars, Debenhams, EMI, Hertz, Seat Pagine Gialle and TXU, The Debt Trap shows how, via controversial practices like quick flips, repeat dividend recaps, heavy cost-cutting and asset-stripping, leveraged buyouts changed, for better or for worse, the way private companies are financed and managed today.

From technological disruption in the worlds of music recording and business-directory publishing to economic turbulence in the gambling, real estate and energy sectors, highly levered corporations are often incapable of handling market corrections when debt commitments start piling up. Behind the historical events and the financial empires erected by some of the elite private equity specialists, these 14 in-depth case studies examine how value-maximising techniques and a short-cut mentality can impact investment returns and portfolio assets.

Whether you are a PE practitioner, investor, business manager, academic or business student, you will find The Debt Trap to be an authoritative and fascinating account.



Binding Type: Hardcover
Publisher: Harriman House
Published: 09/19/2016
ISBN: 9780857195401
Pages: 550
Weight: 2.06lbs
Size: 9.21h x 6.14w x 1.19d
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SKU: 18412125807

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These are cute and surprisingly comfortable! My arches feel supported and the soles don’t feel as block-like as other platform style sandals! Things to note: The footbed liner is not made of suede and is a little slippery. It’s like a neoprene liner which was unexpected for an Ugg shoe. Also, I only intend to wear these sandals as slides (a la Birkenstocks) so the “adjustable” Velcro strap over the top part of the foot seems useless. It doesn’t snug the top down at all, functionally speaking it is only to wear around the back of the ankle. Maybe this matters to someone thinking they could tighten the top down a bit. The ankle strap is comfortable but could be a bit longer. Overall they are a cute option to the platform Birks that are very uncomfortable imo. Love the options to order half sizes. I’m usually a 6 in Ugg boots but ordered my regular shoe size 6.5 and they fit well. My heel would be at the very end of my sandal if I sized down. True to size. Keeping and will order in another color!
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