The largest leveraged buyout in history is about to get inked. A private partnership led by the Ontario Teachers’ Pension Plan will buy Bell Canada in a deal worth $48.5 billion.
“Not so long ago, it seemed that KKR’s signature $30 billion takeover of RJR Nabisco in 1988 was insurmountable,” Chris Mayer writes. “That deal was so huge, so audacious, it became the subject of a best-selling book -- Barbarians at the Gate.”
And yet, if the Bell Canada deal goes through, that will round out the top 10 largest leveraged buyouts of all time… and they will have all taken place over the last 12 months.
“Not so long ago, it seemed that KKR’s signature $30 billion takeover of RJR Nabisco in 1988 was insurmountable,” Chris Mayer writes. “That deal was so huge, so audacious, it became the subject of a best-selling book -- Barbarians at the Gate.”
And yet, if the Bell Canada deal goes through, that will round out the top 10 largest leveraged buyouts of all time… and they will have all taken place over the last 12 months.
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