Audio – A $40 billion leveraged buyout in the next year?
Blackstone Group President Tony James thinks so. When asked if he foresees a $40 billion deal in the next year, he said:
“Go out on a limb here, yeah I think so,” he said at the Reuters Investment Outlook Summit.
He added that it would be very difficult to do a leveraged buyout that reaches beyond that. Leveraged buyouts have been getting increasingly large this year as private equity firms have been said to raise funds around the $20 billion level.