Weather Channel Sold For US$3.2bn

July 2008 | In The News

In one of the biggest private equity deals this year, the consortium of Bain Capital, Blackstone and NBC Universal agreed to buy the Weather Channel for US$3.2bn. The deal highlights the contrast between leveraged buy-outs today and those prior to the credit crisis. Not only will the consortium be paying US$2bn in cash, a massive equity increase compared to pre-credit crisis days, but the debt financing for the deal is not all coming from. Both Bain Capital and Blackstone had their subsidiaries take up the junior debt for the deal, as well as some of the bank debt. The use

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