RTR: Buyout funds rethink deal financing amid shortage of debt

REUTERS reports:

Private equity funds are rethinking how they pull off large deals after a 40.4% contraction in global buyout activity amid a shortage of debt financing caused by rising interest rates and banks’ reluctance to open their money taps.

Blackstone’s (BX.N) acquisition of Emerson’s (EMR.N) Climate Technologies business in the United States and KKR’s (KKR.N) purchase of French insurance broker April are just two examples of how buyout houses are having ...