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Leveraged buyout: https://en.m.wikipedia.org/wiki/Leveraged_buyout
Leveraged buyout: https://en.m.wikipedia.org/wiki/Leveraged_buyout
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chez_jay
More Thames Water news:
I never understand how this works with acquisitions. So they are only putting in £1bn, then raising the other £4bn by selling the assets that they just bought?
Another example that springs to mind is when Glazer purchased Man United. Paid about £800million, but most of it was loans secured against the asset he was purchasing. So he put in very little money himself, and the club found itself with an extra ~£800m of debt as soon as the deal was done. Weird.