Hints and tips:
...Brickman, the third largest, generated $821m in 2012. The combined group would employ more than 20,000 gardeners....
...Morgan Stanley, which was lead underwriter on KKR’s $1.6bn LBO of Brickman last year, would have been a more natural choice....
...In one recent example, Morgan Stanley had to cede its position as lead underwriter on the leveraged financing of the acquisition of Brickman, a corporate gardening business, to Jefferies, the non-bank broker-dealer...
...The sale will allow KKR to merge ValleyCrest, which manages and designs gardens for companies including Disney and AT&T, with Brickman, the corporate gardening company it bought last year for $1.6bn....
...Last year, Morgan Stanley was the lead underwriter for KKR’s $1.6bn leveraged buyout of Brickman, the corporate gardening company, which involved debt equal to 6.4 times earnings....
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