Private equity paying up for Mervyn's bankruptcy - CNNMoney
10/09/12
![]()
Private equity paying up for Mervyn's bankruptcy
CNNMoney
After buying out the retailer from Target (TGT) in 2004 for $1.25 billion, the PE firms added roughly $800 million in debt, while paying themselves $200 million in fees and dividends between 2004 and 2006, according to bankruptcy court filings.
[more]
CNNMoney
After buying out the retailer from Target (TGT) in 2004 for $1.25 billion, the PE firms added roughly $800 million in debt, while paying themselves $200 million in fees and dividends between 2004 and 2006, according to bankruptcy court filings.