September 14 - Times Online (UK) - One of Britain’s leading venture capitalists has given warning that the market for leveraged buyouts will dry up for the next one to two years in the wake of the credit crisis.
Guy Hands, in a quarterly letter to investors in his Terra Firma buyout group, said: “The days of simply buying a good company, financing it well and enjoying a great return are over. The debt simply will not be there.”
The financier, who closed his £2.4 billion acquisition of EMI just before the markets turned, said that private equity firms would have to work much harder to get deals done. Read More.
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