How the Morrisons buyout turned into a nightmare for Goldman Sachs

How the Morrisons buyout turned into a nightmare for Goldman Sachs

The Goldman Sachs bankers were in a hole. It was February 2022 and they were trying to sell over £5bn worth of bonds and loans backing the UK’s biggest leveraged buyout in years: US private equity firm Clayton, Dubilier & Rice’s £10bn takeover of grocer Morrisons. They were well behind schedule, having put plans on …

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