LBOs and Refinancing Woes: Mixed Fortunes For Buyout Funds

Buyout funds are finding their focus being stretched in two different directions at present. CFW identifies that while buyout funds will be revelling in 1) the renaissance of leveraged buyouts (LBOs) : November recorded the strongest month for LBO deals since the onset of the financial crisis; they will also be acutely concerned that 2) funds are facing a wall of refinancing : in Europe alone EUR500bn of debt is set to mature between now and 2017, according to Standard and Poor's.

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