caesars entertainment

In Part II of this three-part case study of Sujeet Indap and Max Frumes' book Caesars Palace Coup, we pick up in 2008 after Apollo and TPG's $30bn Leveraged Buyout of Caesars closed.  With the economy immediately taking a nosedive, Apollo spearheaded a series of restructurings to stave off bankruptcy.  These restructurings ranged from more vanilla "distress-for-control" maneuvers to extremely questionable, cloak-and-dagger asset transfers and severing of guarantees.  These ultimately culminated in a showdown between the titans of Private Equity and the creditors they'd effectively superseded through expert manipulation of Caesars' legal and capital structures.

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Private equity is one of the most coveted job opportunities on the buyside in the current market environment.  In this episode, we do a deep dive into a Leveraged Buyout (“LBO”) using one of the largest, craziest deals in history: the $30bn LBO of Caesars Palace by Apollo and TPG.  In part 1 of this 3-part series, we discuss the deal structure, explain the financing terms, and help you understand the motivations of the private equity titans at the helm of the world's biggest megafunds.  We will walk you through the LBO from start to finish using Financial Times writer Sujeet Indap's fantastic book, Caesars Palace Coup.  

Sign up to attend MISS EXCEL’S FREE MASTERCLASS LIVE 

• Wednesday, March 20 (3/20) at 3pm EST
• Thursday, March 21 (3/21) at 12pm EST
• Friday, March 22 (3/22) at 12pm EST

OR to get the replay:

Register Here!
https://links.miss-excel.com/exclusive?ref=thewallstreetskinny

Follow us on Instagram and Tik Tok at @thewallstreetskinny

https://www.instagram.com/thewallstreetskinny/

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