4/14/2008

Goldman Sachs has agreed to sell €100 million of highly leveraged buyout debt related to the takeover of one of Europe's largest yachtmakers at 65 cents on the euro. It's the biggest discount to be offered by an investment bank since the start of the credit squeeze. Goldman is said to be holding another €350 million of the debt, while Dresdner Kleinwort, which was also involved in the deal, is believed to be sitting on its share of the buyout debt.

Related Summaries