The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, December 8, 2011

FT: CVC faces $2bn loss as debt talks fail

From the FT:

CVC stands to suffer one of the largest losses for a private equity firm in a single deal – nearly $2bn – after the London-based firm failed to strike a deal with creditors to restructure the debt of Nine Entertainment, the Australian media group.
CVC on Wednesday withdrew its debt extension proposal out of fear it would fail to win sufficient support from creditors, including Oaktree Capital, holding about $2.7bn in senior debt.

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