Biomet: First Horseman of the Apocalypse?

A reader pointed out this item at FT’s Alphaville about how the market could get spooked if a major private equity deal fell apart:

In the light of which, the first apocalyptic horseman to worry about is Biomet, the buyout of which is backed by Blackstone, Goldman Sachs, KKR and TPG, looking to raise $7bn in loans and bonds for the deal, including a $2.6bn cov-lite loan.
One Deal Journal reader commented: “Biomet….Tender offer deadline 7/11/07. Anyone quoting odds?”

Personally, I would cheer if the deal fell apart.

Posted by on June 28th, 2007 at 10:18 am

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