Private equity feels squeeze from junk loan crackdown: Reuters
Big private equity deals have fallen through or had to be reworked in recent weeks because many banks, under U.S. regulatory pressure to reduce their risk-taking, are no longer willing to provide as much debt as their clients want. Last month, a potential US$7 billion acquisition of Canadian satellite company Telesat Holdings Inc by Ontario Teachers' Pension Plan and Public Sector Pension Investment Board was scuppered by financing issues, sources familiar with the matter told Reuters.
13 February 2015•4 mins read
