SKU: 18412125807

The Debt Trap: How Leverage Impacts Private-Equity Performance

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The Debt Trap: How Leverage Impacts Private-Equity PerformanceThis is the inside story of private equity dealmaking. Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong. Through 14 business stories, all emanating from the noughties' credit bubble and including headline grabbing names like

This is the inside story of private equity dealmaking.

Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong.

Through 14 business stories, all emanating from the noughties' credit bubble and including headline-grabbing names like Caesars, Debenhams, EMI, Hertz, Seat Pagine Gialle and TXU, The Debt Trap shows how, via controversial practices like quick flips, repeat dividend recaps, heavy cost-cutting and asset-stripping, leveraged buyouts changed, for better or for worse, the way private companies are financed and managed today.

From technological disruption in the worlds of music recording and business-directory publishing to economic turbulence in the gambling, real estate and energy sectors, highly levered corporations are often incapable of handling market corrections when debt commitments start piling up. Behind the historical events and the financial empires erected by some of the elite private equity specialists, these 14 in-depth case studies examine how value-maximising techniques and a short-cut mentality can impact investment returns and portfolio assets.

Whether you are a PE practitioner, investor, business manager, academic or business student, you will find The Debt Trap to be an authoritative and fascinating account.



Binding Type: Hardcover
Publisher: Harriman House
Published: 09/19/2016
ISBN: 9780857195401
Pages: 550
Weight: 2.06lbs
Size: 9.21h x 6.14w x 1.19d
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SKU: 18412125807

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Style: Vc907 Back Frame 100% Uv Protective Women's Cat Eye Sunglasses. Luxe Gifts for Her, 64.5 Mm, Color: Black, Style: Vc907 Back Frame 100% Uv Protective Women's Cat Eye Sunglasses. Luxe Gifts for Her, 64.5 Mm, Color: Black
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Reviewed in the United States on August 29, 2023
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Estia
Waukegan, US
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beautiful draping and forgiving
Size: X-Large, Color: Navy Polka Dot
A beautiful dress. Well made. Fully lined. I don't know what they mean by front slit. There's no slit unless they meant there's a waist line. Fitted but true to size. There's a side zipper that helps get in and out of the dress. There's also a corset in the back that pulls any slack. I'm 5'5" and weigh 185 lbs. It's ankle length. The Drop makes good dresses. I bought the Crimson too and it's a beautiful red that makes everyone turn and gaze. There's another dress the Drop makes which is polka dot and same version in ivory. Beautiful draping and forgiving. I found these dresses when viewed at emanuela.moss@tiktok.
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Christina Baker
Whiting, US
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Cute dress, just not for me.
Size: Medium, Color: Iceberg Linear Floral, Size: Medium, Color: Iceberg Linear Floral
5’4”, size 6/8. I bought a medium. The Good — the color is accurate, and the pattern is pretty in person. It’s fully lined, and The material doesn’t feel cheap. The Bad — the fit was just odd. I’m a 6/8 and reliably a medium, but the fit was so weird on me, that I’m not even sure what the problem was. I don’t know how a bust can be both too big and too small, but that’s what I felt like here! The length was also not good for me, but is accurate to the picture. I’m 5’4” and it hit right above the ankle bone. TLDR; the dress is nice, but the fit is bad on me.
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Louisville, US
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Lovely dress. Good quality but squashes my boobs
Size: Small, Color: Navy Polka Dot
Size chart is accurate but if you have a large bust consider sizing up, the bust area doesn’t have much room so expect lots of cleavage if you have a large chest. It kind of squashed my boobs and doesn’t provide the best support. This is best for smaller chests. The quality is nice and it washes well. This can be worn with flats on a casual day or dresses up with some heels. This dress is lined and not see through.
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