A look at some must-read news on deals and deal makers around the world
Big LBOs are coming back, Bonderman says
The private equity deal will be back soon, says veteran buyout executive David Bonderman. Easy credit markets mean such deals are coming, The New York Times reports.
Speaking of cheap debt
KKR says it got its cheapest financing ever for its recent buyout of Del Monte, Bloomberg reports. That's cheaper than in the credit bubble, folks, when KKR was very active.
M&A volumes surge
Given the above, it's probably no surprise that deal volumes in mergers and acquisitions are soaring. Global activity is at its highest since the Lehman Brothers Holdings Inc. failure The Wall Street Journal reports.
Say goodbye to U.S. 30-year mortgage
There's a reason there's no 30 year mortgage market in Canada, as loans that long don't make economic and market sense for banks. Now, it appears the 30-year may soon be a thing of the past in the U.S. as well as the federal backstops for the loan disappear, the New York Times reports.
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