The Caesars Palace Coup
Author:
Publisher:
Varies, see individual formats and editions
Pub. Date:
2021
Language:
English
Description
It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG-in the midst of the post-Great Recession slump-had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars' hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs-if they could just stop their own infighting. These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society-and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens-vultures, as they are condemned-in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.
More Details
Contributors:
ISBN:
9781635766769
9781666111736
9781666111736
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Grouping Information
Grouped Work ID | 45c817b7-bb46-5906-6ff2-2bf6c2b128b5 |
---|---|
Grouping Title | caesars palace coup |
Grouping Author | max frumes |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-01-26 15:04:47PM |
Last Indexed | 2024-04-27 23:24:36PM |
Solr Fields
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auth_author2
Kipiniak, Chris
author
Frumes, Max
author2-role
Kipiniak, Chris,reader
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hoopla digital
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Frumes, Max
display_description
It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG-in the midst of the post-Great Recession slump-had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars' hedge fund lenders and bondholders had scooped up the company's paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs-if they could just stop their own infighting. These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society-and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens-vultures, as they are condemned-in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.
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Audio Books
eBook
eBook
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eBook
eBook
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9781635766769
9781666111736
9781666111736
last_indexed
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lexile_score
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literary_form
Non Fiction
literary_form_full
Non Fiction
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Year
primary_isbn
9781635766769
publishDate
2021
publisher
Diversion Books
Tantor Media, Inc
Tantor Media, Inc
recordtype
grouped_work
subject_facet
Consolidation and merger of corporations
Deception
Electronic books
Deception
Electronic books
title_display
The Caesars Palace Coup
title_full
The Caesars Palace Coup [electronic resource] / Sujeet Indap and Max Frumes
title_short
The Caesars Palace Coup
topic_facet
Consolidation and merger of corporations
Deception
Electronic books
Deception
Electronic books
Solr Details Tables
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hoopla:MWT14041578 | Online Hoopla Collection | Online Hoopla | eBook | eBook | 1 | false | true | Hoopla | https://www.hoopladigital.com/title/13911360?utm_source=MARC&Lid=hh4435 | Available Online |
record_details
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hoopla:MWT14041578 | eBook | eBook | English | Diversion Books | 2021 | 1 online resource (326 pages) |
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hoopla:MWT14041578 | Available Online | Available Online | false | true | false | false | false | false |