Thomas H. Lee has joined the chorus of private equity executives proclaiming that buyout deals valued at less than $1 billion aren’t jeapordised by credit market turbulence. Similar remarks have been made in recent months by Tony James, president of The Blackstone Group, and Tom Lamb, co-head of Barclays Private Equity.
Lee: plenty of debt for smaller deals
Private equity icon Thomas H. Lee has said the credit crisis is ‘not a cash crisis’ but a crisis of confidence that will primarily affect the availability of debt financing for private equity deals valued at more than $1 billion.
