Private Equity: Americans are quick to apply reverse breaks
Fierce competition for assets has resulted in sellers pushing private equity buyers to give better funding commitments. Marco Compagnoni charts the dramatic shifts in power that have led to reverse break fees
One of the key features of a private equity deal is the use of leverage. When Henry Kravis first started buying companies in the early 1970s, he would deposit the share certificates from one company with a bank as security for the money raised to buy the next one.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651