“People in general are being more receptive to deals with risk, but they need to understand that it’s not all about reward, they need to be cautious.” ![]() “It’s a sign of the times in the marketplace that you’re seeing deals like this come,” said Matt McCormick, a portfolio manager at Cincinnati-based Bahl & Gaynor Inc. That compares to an average debt to EBITDA multiple of 4 to 5 times for other recent sponsor-backed IPOs like Norwegian Cruise Line Holdings Ltd and Bright Horizons Family Solutions Inc Luxembourg-based Intelsat, which is owned by European private equity firm BC Partners and Menlo Park, California-based Silverlake Partners, carries a debt load of more than $15.9 billion, giving it a leverage multiple of around 7.8 times. plans to test investors’ tolerance for financial leverage in a proposed $500 million IPO next week, as the satellite operator tries to take advantage of a stock market rebound that has increased the appetite for new offerings. (Reuters) - Intelsat Global Holdings S.A.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |