Leveraged-Buyout

Ronald Perelman Receives $750 Million Drexel Blind Pool for Corporate Acquisitions

1985-01-01 00:00:00 +0000 UTC | Importance: 7/10

In 1985, Michael Milken raised a $750 million blind pool for Ronald Perelman through Drexel Burnham Lambert, providing unprecedented capital for corporate takeovers. This financing enabled Perelman to launch a successful hostile takeover of Revlon in November 1985 for $2.7 billion, demonstrating the …

Ronald Perelman Michael Milken Drexel Burnham Lambert corporate-raiders junk-bonds hostile-takeover financial-innovation leveraged-buyout

Drexel Burnham Lambert Raises $100 Million Blind Pool for Nelson Peltz Corporate Raids

1984-01-01 00:00:00 +0000 UTC | Importance: 8/10

Michael Milken at Drexel Burnham Lambert raised the first major $100 million blind pool for Nelson Peltz and Triangle Industries to finance corporate takeovers. This established the template for blind pool financing that would become central to 1980s corporate raider operations, providing raiders …

Michael Milken Nelson Peltz Drexel Burnham Lambert Triangle Industries corporate-raiders drexel-burnham-lambert michael-milken nelson-peltz junk-bonds +2 more