Call it “the art of the leveraged buyout.” In The Debt Trap, Canderle explores some of the more controversial business strategies such as quick flips, repeat dividend recaps, heavy cost cutting, and asset stripping as related to leveraged buyouts. By matching each chapter with a related in-depth case study from companies such as Caesar’s, Debenhams, EMI, Hertz, Seat Pagine Gialle and TXU, the author brings these investment strategies to life through real-world application—offering an up-close view of private equity deal-making. The text is a great resource for PE fund managers and businesspeople alike.
