Top of the market? - part 3

Equity, high yield debt and corporate bond markets might be tumbling today but there is one asset class that is flirting with levels not seen since the great credit boom of the mid-noughties - leveraged loans.

I'm hearing that some of the recent private equity deals, such as KKR's £900 million takeover of Government Chemist LGC, are being done on some pretty racy debt/leveraged loan multiples.

Something afoot with Boots - part 2

It appears I might have kicked hornet's nest with this Alliance Boots piece I published a couple of days ago.

Indeed, people close to the situation have been in touch and they weren't best pleased with what I wrote. Here is a link to the original article I published earlier in the week:

Something afoot with Boots

I have been in two minds about publishing this piece but I have now run into a bit of a brick wall, so I have decided I may as well go with what I know.

Last week a good source hinted to me that there may be something untoward going on with Alliance Boots's debt.