Sentences with phrase «buyout at the apex»
The biggest radio broadcaster in the US with nearly 850 radio stations, iHeartMedia, formerly called Clear Channel Communications — which was acquired by private equity firms Bain Capital and Thomas H. Lee Partners in a leveraged buyout at the apex of the LBO boom just before the Financial Crisis — has finally filed for Chapter 11 bankruptcy, after threatening to do so since 2010.
https://wolfstreet.com/ Not exact matches
Bain Capital and Thomas H. Lee Partners ended up raising the buyout offer, and in July, 2008, at the apex of the LBO boom, and just weeks before the Financial Crisis began to muddy up the news on Clear Channel radio stations, the majority of shareholders accepted the offer.