asian-lbos-leveraging-the-leverage

Asian LBOs: Leveraging the leverage

In contrast to subprime-affected markets, Asian deals backed by financial sponsors will find the leverage they need, albeit at tighter prices and terms.

Sameera Anand

November 16, 2007

It was standing room only at the Asian Private Equity and Venture Forum in Hong Kong yesterday, particularly during a panel discussion about the availability of leverage for financial sponsor-led deals. People gathered to hear a group of experts debate the topic ôLeveraging the leverage taking out the banks - at a priceö.

Panel member Joseph Ferrigno III, who is managing partner at Asia Mezzanine Capital Group, talked about the amount of leveraged debt waiting to be syndicated around the globe. ôDebt currently not syndicated for LBOs is in the region of $400 billion,ö said Ferringo. ôThis is due not only to the subprime situation but to a lot of disease causing fever...

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