Legal Business

Leverage starts to resurface in dormant market

Liberty Global’s $23.3bn acquisition of Virgin Media and Dell’s proposed $24.4bn leveraged buyout have deal finance advisers asking whether this is a signal that leveraged buyout deals are making a comeback.

The pair of mega deals were announced last month within weeks of each other and have handed roles to a raft of advisers on both sides of the Atlantic.

Virgin Media turned to New York firm Fried, Frank, Harris, Shriver & Jacobson for M&A advice, with senior counsel Arthur Fleischer Jr on the US corporate side and London corporate partner Richard May on the UK aspects.