On March 15, 2018, iHeartMedia (formerly Clear Channel Communications) filed for Chapter 11 bankruptcy protection, seeking to restructure more than $20 billion in outstanding debt accumulated from the disastrous 2008 leveraged buyout by Bain Capital and Thomas H. Lee Partners. The bankruptcy filing …
iHeartMediaClear Channel CommunicationsBain CapitalThomas H. Lee PartnersRush Limbaugh+1 moremedia-consolidationbankruptcyleveraged-buyoutprivate-equityconservative-media+3 more
On July 24, 2008, Bain Capital and Thomas H. Lee Partners completed a historic $26.7 billion leveraged buyout of Clear Channel Communications, the nation’s largest radio broadcaster with over 1,200 stations. The transaction, led by Bain Capital (founded by Mitt Romney in 1984), loaded the …
Bain CapitalThomas H. Lee PartnersClear Channel CommunicationsiHeartMediaMitt Romney+1 moremedia-consolidationprivate-equityleveraged-buyoutregulatory-capturedebt-loading+3 more
Private equity firms Bain Capital, KKR, and Vornado Realty Trust acquire Toys ‘R’ Us for $6.6 billion in a leveraged buyout, with only 20% ($1.3 billion) from PE firms’ capital while 80% ($5.3 billion) is borrowed debt loaded onto Toys ‘R’ Us itself. This debt burden …
Bain CapitalKKRVornado Realty TrustToys R Usprivate-equityleveraged-buyoutdebt-loadingwealth-extractionretail