It is one of the biggest leveraged buy-outs since the start of the financial crisis.
Mr Cameron said there were a mixture of reasons for buy-outs by communities and crofting townships.
It is one of the biggest recent buy-outs to face collapse because of credit woes.
Less directly, it may lead to less underwriting and fewer buy-outs, as well as a slowing of economic growth.
You hear about potential buy-outs, but they never seem to come to fruition.
As Cerberus has learned to its cost, it is hard to stay out of the spotlight with buy-outs of iconic companies.
He points to a campaign this year against management buy-outs of such enterprises, a once common form of privatisation in China.
Many a private-equity firm has overestimated the profits to be wrung from buy-outs, and the sovereignty market may be no exception.
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TPG, two of the biggest sponsors of leveraged buy-outs, both have distressed-debt funds, and Blackstone has expanded its already big restructuring unit.
For large corporate buy-outs in the third quarter of this year, the equity contribution was around 38%, down from nearly 47% in 2009.
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So far, there have been fewer sales to foreigners than to local wheeler-dealers who arrange management buy-outs for their friends at big discounts.
It will also find it harder to differentiate itself as rivals try to reduce their reliance on big buy-outs and expand their geographic reach.
If a private-equity firm's first fund performs well, its second and third will probably do likewise even more so in venture capital than in buy-outs.
Various studies have shown that, during the 1990s at least, European-based private-equity funds (mostly concentrating on buy-outs) delivered better returns than their American counterparts.
The flood of money into private equity caused more competition in the world of buy-outs, with the result that deals were done at higher valuations.
The third main reason for the explosion in pension buy-outs is a sharp fall in the fee that insurers are charging to take on liabilities.
It swept in, buoying everything from subprime mortgages to leveraged buy-outs.
In response, the government banned management buy-outs of large state enterprises.
The high-yield debt market, which helped finance a wave of leveraged buy-outs in the 1980s (see article), is back, fuelled by investor appetite for yield.
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Its approach to buy-outs has helped Carlyle raise funds, since the same investor can put more money its way and still get the diversification he wants.
Several of these had learnt specialist skills in so-called loan workouts during the savings-and-loan crisis and, later, when leveraged buy-outs were all the rage in America.
Buy-outs of this kind must get the support of holders of 75% of the shares, as well as from a simple majority of the individual investors.
The biggest problems may occur not in the bond market but in leveraged loans, the debt issued by private-equity companies to finance their buy-outs of public companies.
It doesn't matter that there's no money for leveraged buy-outs.
Although ownership is still far more dispersed than it was in leveraged buy-outs, there is nevertheless some evidence that managers' stakes are sufficient to discourage them from paying too much.
Steve Dulake, head of credit strategy at JPMorgan, says yield-hungry investors were prepared to back riskier companies in 2005 and 2006 and that businesses with highly cyclical records were the targets of leveraged buy-outs.
Adding this burden to those already imposed on American taxpayers by the international debt crisis, the U.S. savings and loan industry, and potentially precarious leveraged buy-outs, would represent intolerable budgetary strains during this period of austerity.
And, although the stability of the financial system is not to be taken lightly, it would be odd to pick on buy-outs as the chief systemic risk, instead of looking at the complexity of the system as a whole.
During the 1980s, Paul and his colleagues at Coniston Partners gained notoriety for several high profile leveraged buy-outs that they completed, and Paul has for many years been an active investor in emerging markets, particularly South America and Africa.
Less conspicuous, but still quite pricey, have been the community buy-outs of Highland and Island estates, while European funding - another funding source gone dry - has left a legacy of improved transport links and various bits of a far-flung new university.
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