LBO finance: buyout groups push into lucrative private credit
Has the term “private equity firm” become an anachronism? Buyout deals still exist, of course. Just this week Thoma Bravo LP announced it would acquire software company SailPoint Technologies for $6.9bn. Look closer. The debt in this deal, rather than the higher profile equity, is the key. The same went for Thoma Bravo’s $10.7bn buyout … Read more