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Cory’s Chart Corner
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More marked-to-fantasy credits hit the windshield.
h/t @NickNemo17Thoma Bravo turned in the key on Medallia.
$6.4B of equity wiped.
It now carries $3B in debt against $200M of EBITDA.
Blackstone had $1.5b of the debt across their nearly identical retail facing credit funds marked it most recently at 60.3c.
It's now a zero. Credit
Daily Archives: May 30, 2007
Fed sees housing correction a likely to continue to weigh heavily on economy
The May 9 FOMC meeting minutes released today confirm that the housing sector is slowing more than the US Federal Reserve had previously anticipated: See Bloomberg: Fed sees housing dampening growth longer than expected (update 3): “The correction of the housing sector was … Continue reading
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Private Equity: A bubble that will end badly (again!)
The Wall Street Journal ran a story May 29 on present sentiment in the private equity space. Private Equity: Is deal frenzy nearing end? quotes several principles of large private equity firms sounding caution. Timothy Collins, CEO of Ripplewood Holdings LLC calls the current … Continue reading
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