Bonzai Pipeline
You know it’s a busy December when bank meetings are outnumbering holiday parties. By one calculation, thirty-one leveraged transactions launched last week, twelve on Wednesday alone. There were the de rigueur dividend recaps – Decision Resources, Earthbound Farm, Flexera Software, Harbor Freight, HDT Worldwide, Hyland Software, Novelis, and TARGUS. But there were also some genuine LBOs in the mix: Advantage Sales, FilmYard, Sunquest, Syniverse, Transtar, and UTEX. We run through the roll call for a subtle corporate finance point: That’s a lot of deals.





