(Reuters) - Equity bridge loans allow private equity firms to get investment banks to share in the cash payment on deals. Such loans are great for buyout firms wanting to pursue takeovers without joining forces with competitors, but carry huge risk and skimpy pay-offs for the investment banks.
While this type of lending has been around for decades, the size and frequency of the loans has risen to the point where Goldman Sachs has told its mergers and acquisitions staff to avoid them, according to a banker who works there. Goldman declined to comment about its policy.
Read more at Reuters.com Bonds News
While this type of lending has been around for decades, the size and frequency of the loans has risen to the point where Goldman Sachs has told its mergers and acquisitions staff to avoid them, according to a banker who works there. Goldman declined to comment about its policy.
Read more at Reuters.com Bonds News
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