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Leveraged Buyout (LBO) city, baby! Prediction: a firm like KKR or Carlyle buys GoDaddy and borrows a bunch of money (> $10B ?) on the cheap, and then uses GoDa
by luffy 16y ago
Leveraged Buyout (LBO) city, baby!
Prediction: a firm like KKR or Carlyle buys GoDaddy and borrows a bunch of money (> $10B ?) on the cheap, and then uses GoDaddy's revenue to service the debt.
- loganfrederick 16y agoWhy would KKR need to borrow $10B? They could get away with $1B, and probably less than that if they use some cash.
- brc 16y agoThat's easy to answer : they don't like using their own cash. The returns are infinite if you don't use any of your own money.