Photo: HCA Healthcare
Michael Michelson of KKR sees the boom times of $10 billion deals returning in the next six months, according to Financial News.There hasn’t been a $10 billion debt deal since 2007.
The situation is that raising debt right now, with the demand for bonds at a high, is becoming increasingly easy. That means deals worth $5 or $7.5 billion can be done right now, according to Michelson.
But private equity may be about to get back on its high horse, with $10 billion deals in the near future.
Michelson doesn’t see KKR getting back to the highs of 2007 when his firm arranged a buyout of TXU, a U.S. energy company, for $44 billion.