SKU: 27754127309

The Debt Trap: How Leverage Impacts Private-Equity Performance

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The Debt Trap: How Leverage Impacts Private-Equity PerformanceThis is the inside story of private equity dealmaking. Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong. Through 14 business stories, all emanating from the noughties' credit bubble and including headline grabbing names like

This is the inside story of private equity dealmaking.

Over the last 40 years, LBO fund managers have demonstrated that they are good at making money for themselves and their investors. But when one looks beneath the surface of the transactions they engineer, it is apparent that these deals can, at times, go spectacularly wrong.

Through 14 business stories, all emanating from the noughties' credit bubble and including headline-grabbing names like Caesars, Debenhams, EMI, Hertz, Seat Pagine Gialle and TXU, The Debt Trap shows how, via controversial practices like quick flips, repeat dividend recaps, heavy cost-cutting and asset-stripping, leveraged buyouts changed, for better or for worse, the way private companies are financed and managed today.

From technological disruption in the worlds of music recording and business-directory publishing to economic turbulence in the gambling, real estate and energy sectors, highly levered corporations are often incapable of handling market corrections when debt commitments start piling up. Behind the historical events and the financial empires erected by some of the elite private equity specialists, these 14 in-depth case studies examine how value-maximising techniques and a short-cut mentality can impact investment returns and portfolio assets.

Whether you are a PE practitioner, investor, business manager, academic or business student, you will find The Debt Trap to be an authoritative and fascinating account.

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SKU: 27754127309

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Fort Morgan, US
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Great lip balm
I have had chapped lips for most of my adult life. This product has been the first product that I have used, where my lips are not cracked, peeling or dry. There is no smell or taste, very neutral. I had to use the balm frequently in the beginning, now maybe only several times a day. One tube last a long time I highly recommend this lip balm.
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Lip balm 👍
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Just ok
These are just simply too large to use as chapstick unless you do both top and bottom at the same time ( no thank you). I threw them away. 3 stars because it appears to be a good product, but they got the packaging all wrong to call it chap stick.
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Replaced Vaseline - Far superior product
I received this as a gift a few months ago and it's all I use now. I use it on my lips and on my neck wrinkles. Do not leave it in a warm environment, like hot car or pants pockets, it will get very soft. If it does get soft, i just dab it on ranther than rolling/wiping on. Also its best to roll it down when not in use, but not necessary. I used to be addicted to Vaseline products for my lips and this is far superior in many ways.
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Not really good as a lip balm
It is way too melty or liquidy when applying. It's like putting oil on your lips. No staying power. I actually ended using it more as a skin moisturizer like a lotion. It's pretty good for that. I haven't even tried taking it with me in my pocket as I think it'll turn to a liquid like coconut oil down here in sunny hot Florida. .
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