Futuríveis

KKR’s move demonstrates the scale of the power buy-out firms now wield in the global mergers and acquisition markets and will put on alert some of the world’s largest companies, which might have thought their size would protect against private equity interest.

So far this year, buy-out groups have raised more than $320bn, with leverage that would equate to deals worth more than $1,000bn. Private equity groups often finance deals with three parts debt to one part equity.

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