Dan Fasulo on Last Week's Poll Question
Monday, August 25, 2008
Source: GlobeSt
GlobeSt reports: Lehman Brothers has put a $40 billion
portfolio on the market where, according to those polled on GlobeSt, it can expect to remain for some time. 68% think that the portfolio will languish on
the market; 32% say it will be bought quickly.
Fasulo says: “From the macro level, this is the type of deal that the large equity
funds love to sink their teeth into. The trick in this case will be
trying to figure out how to finance a deal this large in this type of
environment. But some of these equity funds, like Blackstone and
Carlyle, have raised tens of billions of dollars in capital, and they
like to put that capital out all at once in just a few transactions as
opposed to going deal by deal. It’s more efficient, because you spend
the same amount of time analyzing a large deal as you would a small
deal."
View the full article on GlobeSt: Dan Fasulo on Last Week's Poll Question
Posted by: Nina Turner