And by 2003, as the buyout boom began to build, his firm had Simmons in its cross hairs.
The investment was valued at approximately $1 billion by 2007 at the height of the 2000s buyout boom.
One is the matter of whether the buyout boom can continue.
During the 1980s, he dove headfirst into the leveraged buyout boom.
The effort is the latest by participants in the leveraged buyout boom to try to forestall or avoid more serious problems.
The test will come if the markets turn down and the bank has exposure from the leveraged buyout boom.
Apollo has been an active private equity investor through the mid-2000s buyout boom.
Among the firm's most notable acquisitions during the 1980s buyout boom were the following:
But the continued buyout boom and strength in the global economy helped insulate the bottom lines at the banks.
When the leveraged buyout boom got going later in the 80's, coverage ratios that high became a thing of the past.