Law360, New York (October 12, 2012, 1:33 PM ET) -- In today’s difficult economic environment, private equity sponsors and other buyers increasingly face pressure to close acquisitions quickly. A buyer’s ability to provide assurances that it can close quickly or within a specified time frame or that it is willing to enter into a purchase agreement without a financing contingency can sometimes be the difference in determining which party wins the deal in a bidding process.
In order for private equity sponsors to compete in this regard, particularly against strategic buyers with significant cash reserves, they...
Bridge Financings: Traps For Unwary PE Sponsors
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