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February 11, 2008
NEW YORK — Homeowners aren't alone in experiencing buyers' remorse in today's troubled marketplace. Private-equity firms, too, are finding out their recent investments might not be worth what they paid for them.
Gone are the days when buyout shops could purchase a company, pile on debt for an initial fat payout for themselves and then quickly flip it for a big profit. The credit crisis has put a freeze on debt-laden dealmaking and is causing bond investors to shun the risky debt used to finance the takeovers.
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