AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Leveraged Buyouts - Toys R Us
Toys R Us was a profitable company with KKR and Vornado and Bain bought it. The buyout partners loaded up Toys R Us with debt, sold off a lot of their real estate to pay off that debt and left the stores with expensive leases. Applebaum told us about a paper by Brian Iash, a finance professor at Cal Poly which analyzed the target firms in leveraged buyouts.