summarize the case attached

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ZNEEV2311

Business Finance

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I want to write 1 & 1/2 - 2 page (single spaced) summary for the case attached, and it should be from your point of view.

Also I want you to add a point to support your writing that is in regard to the case. For example, if there are things that affected the company now regarding the issue in the case, please bring that up.

Don't forget to footnote and site the information from other sources.

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Explanation & Answer

Attached.

Running head: CASE STUDY SUMMARY

1

Summary: Blackstone and the Sale of Citigroup’s Loan Portfolio
Student’s Name
Institutional Affiliation
Date

CASE STUDY SUMMARY

2

Summary: Blackstone and the Sale of Citigroup’s Loan Portfolio
In this article, Ivashina and Scharfstein (2013) discuss the leveraged buyout of
Citigroup’s loan portfolio by Blackstone in 2008. Through its senior managing director,
Blackstone, a large private equity firm, was reviewing the decision to buy $ 6.11 billion pool of
leveraged loans held by Citigroup during the subprime mortgage crisis that had rocked the
financial markets in the United States and around the world. Through its extensive research and
due diligence, Blackstone understood the inherent risks in buying of the loan portfolio. Its
potential partner in the deal, TPG is also a large private equity firm that had participated in such
ventures and had also carried out research as well as due diligence like Blackstone.
Based on the market analysis, leveraged loans or buyouts were doing well as they were
trading below par due to the mortgage crisis in 2008 that had resulted in the re-pricing of several
debt tools in the financial market. The re-pricing was a...


Anonymous
Really useful study material!

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