Thanks to leverage, private-equity investors Bain Capital, Kohlberg Kravis Roberts & Co., Bank of America and the brother of former Senate Majority Leader William Frist are expected to reap one of the largest gains ever from a private equity deal as they plan to take HCA Holdings Inc. public later this month. As is often the case with private-equity deals, they’ve saddled the company with debt while enriching themselves with generous dividend payments. The question now is will they be the only ones to profit or is there anything left for the buyers of the IPO? I believe this one’s dead on arrival.
Latest posts by E.J. Smith (see all)
- The World Just Got Serious About Regulating Cryptocurrencies - August 16, 2019
- Does Your State Just Cost Too Much to Retire In? - August 15, 2019
- Here’s Who Benefits from New England’s High Taxes: It’s Not Who You Think - August 14, 2019