Genesis Healthcare, once the largest skilled nursing operator in the United States, narrowly avoids bankruptcy by accepting a $100 million investment from Joel Landau’s private equity firm ReGen Healthcare LLC, which receives 93% equity stake and two board seats in exchange. Genesis’ …
Genesis HealthcareReGen HealthcareJoel LandauDavid GefnerCenters for Medicare and Medicaid Serviceshealthcarenursing-homeprivate-equitybankruptcypatient-harm+2 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
Kohlberg Kravis Roberts (KKR) completes the largest leveraged buyout in history, acquiring RJR Nabisco for $25 billion in equity ($31.1 billion including assumed debt) at $109 per share, establishing the template for private equity wealth extraction that will be replicated thousands of times over …