The British household name had been acquired, along with its parent company, Alliance Boots, in Europe’s largest private equity deal in 2007, thanks to £9.3bn of borrowing from banks and other investors.
The deal squeaked in with this enormous burden of debt just before the credit crunch brought such lending to a jolting halt. Private equity’s gain turned out to be the UK revenue’s loss. Read more on Guardian
via myretailmediablog.com
via myretailmediablog.com
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