Twitter LinkedIn
    Wednesday, May 18
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»dividends»‘Buy anything’ credit market gives private equity a big payday
    dividends

    ‘Buy anything’ credit market gives private equity a big payday

    May 22, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    IT’S the latest sign of leveraged mania hitting bondholders: Companies across Europe are piling on debt at the fastest pace in years to enrich their private-equity owners.

    The controversial practice known as dividend recaps is growing as investors gorge on every credit risk while sponsors extract income as they await the economic rebound.

    “If people want to put capital to work they’re just buying anything with a bit of yield, regardless of what proceeds are for, ” said Mark Benbow, a high-yield fund manager at Aegon Asset Management. “Hold your nose and harvest income.”

    Read more/Source: The Star

     

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Investments peinsider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Moving App Updater Secures $215 Million in Vista Equity Backing

    May 17, 2022

    Musk’s Talks With Twitter All Started With Dorsey, Durban

    May 17, 2022

    Aircraft lessor SMBC to buy rival Goshawk in $6.7 bln deal

    May 17, 2022

    Tiger Global slashes bets on tech groups after stock market sell-off

    May 17, 2022

    Comments are closed.

    Other Articles

    Temasek Holdings commits $162.5 mn in Zomato-backer Info Edge’s three funds

    May 2, 2022

    2020 was a record year for investment and M&A activity for impact technology companies, according to a report by GB Bullhound, a technology advisory and investment firm.

    March 19, 2021

    Hain Celestial sells Orchard House juice business to private equity firm Elaghmore

    January 16, 2021

    China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

    March 6, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?