As the public markets continue to tank, a quick reminder of how much private equity firms overpaid during the good times. Here are the average U.S. take-private premiums for the first half of 2007:
- Offer price compared to target price 1 week prior to buyout announcement: 22.5%
- Offer price compared to target price 4 weeks prior to buyout announcement: 24.5%
Source: Thomson Financial