Bloomberg Intelligence Private Equity Selling Their Equity, TD's Billion Dollar Scam
Mar 19, 2025
Shelby Magid, Deputy Director of the Eurasia Center at the Atlantic Council, offers a keen analysis of the recent Trump-Putin call regarding a potential ceasefire in Ukraine. She discusses the complexities and skepticism surrounding diplomatic efforts, particularly given Russia’s track record. Additionally, the podcast dives into the troubling trend of private equity firms offloading equity, raising concerns about their financial stakes in the future. Moreover, it reveals the shocking details of TD Bank's money laundering scandal, underlining severe regulatory lapses.
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Clarios Dividend Recap
- Clarios is a recent example of a large dividend recap, raising $4.5B in debt.
- This resulted in a 1.5x return on equity for the investors.
Investor Acceptance of Dividend Recaps
- Investors are accepting dividend recaps despite increased company leverage.
- This is due to the current hot debt market and the need to invest available capital.
Private Equity Dividends
- Private equity firms are taking dividends by loading portfolio companies with debt.
- This allows them to show returns to shareholders despite slow IPO and M&A markets.