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    Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup
    Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup
    Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup
    Ebook31 pages19 minutes

    Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup

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    Get the Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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: relentless financial engineers Marc Rowan, David Sambur, and David Bonderman with their teams at Apollo Global Management and TPG Capital. On the other: superstar distressed debt investors Dave Miller and Ryan Mollett with their cohorts at 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.

    LanguageEnglish
    PublisherIRB Media
    Release dateMay 30, 2023
    ISBN9798350063967
    Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Summary of Max Frumes & Sujeet Indap's The Caesars Palace Coup - IRB Media

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