Buyout Expert Having Problems Raising Cash
More signs of the times. NY Post has a report on Blackstone head Schwarzman being eager to make buyouts in this economy, but having trouble raising the cash. In normal times, he'd easily raise the money, but funny how during a weak market people are least willing to invest with him. Seems odd because his company is probably best served for profiting from the current environment. As usual people buy at the top and sell at the bottom.
At some point in the near future, you'll see companies like Blackstone go on buying sprees. Low interest rates would usually allow for huge deals to take place, but the frozen credit markets are preventing the normal business process to take place. When that happens, watch out. We'll likely see 12 months of unprecedented buyouts.
At some point in the near future, you'll see companies like Blackstone go on buying sprees. Low interest rates would usually allow for huge deals to take place, but the frozen credit markets are preventing the normal business process to take place. When that happens, watch out. We'll likely see 12 months of unprecedented buyouts.
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