The Big Picture

JANUARY 21, 2023

Prior to founding New Mountain Capital in 1999, Klinsky was co-founder of the leveraged buyout group at Goldman Sachs, where he helped execute over $3 billion of pioneering transactions for Goldman and its clients. He also explains how Forstmann Little was the white shoe alternative to the firms doing junk bond financing.

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Leveraged Buyouts Capital Buyout Education 64

The Big Picture

DECEMBER 5, 2023

Were you always thinking about going into finance? What, what was it that made you say, Hey, this finance thing looks like it’s fun and interesting? 00:08:30 The odd company that went bankrupt would need to get sold. But there wasn’t an active m and a business, there wasn’t a leveraged finance business.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? And I had no work experience in anything.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

JUNE 22, 2023

also served as debt financing advisor. This is making the deal easier to complete at a time when high interest rates and market volatility have made debt for leveraged buyouts scarcer and more expensive. Advisors Goldman Sachs & Co. Deutsche Bank Securities Inc.

Legal 52

Legal Bidding Assets Debt 52

The Big Picture

DECEMBER 10, 2024

One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveraged buyouts. And finally that they were companies run by children, young, young, young folks. These 10% are what’s driving the entire valuation.

Consulting 52

Consulting Consultants Private Equity Firms Private Equity Firms 52

Private Equity Insights

JUNE 30, 2023

That’s roughly triple the deal tallies of buyout firms like Apollo Global Management Inc., has unveiled just one major public-company takeover bid this year. Brookfield’s ascendance comes as some private equity firms struggle to complete buyouts amid shaky financing markets and rich price demands from sellers.

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Buyout Private Equity Firms Private Equity Firms Leveraged Buyouts 130

The Big Picture

FEBRUARY 7, 2023

So, I graduated from business school in 1987 and went to GE Capital for two years, financing leveraged buyouts. When you were there, was it a financial engineering firm, or was it a more traditional credit finance firm? RITHOLTZ: Whereas all the other public companies had access to capital and managed to get into trouble.

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Banks Mergers and Acquisitions Capital Companies 103