Source: Financial Times, 22nd November 2011
The popular image of buy-out barons may be that they thrive on risk, but that impression is a false one. Borrowing loads of money and piling it on to a sliver of equity requires a strong stomach (and the past few years offer examples aplenty of indigestion and a few cases of severe heartburn). But those lending the money crave relatively stable cash flows to service the loans.





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