Hints and tips:
...The case centred on the $33bn LBO of HCA, which was won by Bain Capital, KKR and Merrill Lynch, after there were no other competing bids....
...Sharon Allen, former chairman of Deloitte; Jack Bovender, former chairman of HCA, the hospital operator; Linda Hudson, former chairman of the US arm of BAE Systems; and David Yost, former chief executive...
...Private equity holdings such as Toys R Us and Avaya are unlikely to go public soon because they are not achieving enough organic growth. The market mood could also change quickly, as it did last year....
...The senior bank debt of the largest LBO ever, that of Texas utility Energy Future Holdings, is trading at 60 cents on the dollar....
...IPOs of private-equity owned companies this year such as Nielsen Holdings and HCA have seen the proceeds mostly go toward debt repayment rather than liquidity for the buy-out groups who own the companies...
...HCA, like the others that have gone public this year, is profitable and able to pay its interest costs....
...Private equity groups have seen the value of their portfolios recover from post-crisis lows, reflected in strong IPOs for groups such as Kinder Morgan and HCA....
...Hutchison Port Holdings raised $5.4bn in Singapore, the largest listing in 2011....
...The holding company will be renamed Kinder Morgan, Inc., after the transaction....
...It also wrote up the value of its investment in HCA, the US’s biggest hospital operator....
...Blackstone’s takeover of EOP was slightly larger in size than the July 2006 purchase of HCA, the hospital operator, by Bain Capital, Kohlberg Kravis Roberts, and Merrill Lynch, for $33bn....
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