Private-equity firms don’t have to wait for IPOs to cash in on their portfolio companies. They can simply direct those companies to pay them big dividends using borrowed money.

by SpontaneousDisorder   Got the title from this tweet twitter.com/lisaabramowicz1/status/1177029332608409600 And if you’re paywalled…………… The emergence of racier high-yield bond deals in Europe may be pointing to a market that’s reaching … Read more