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The year in private equity

What started out as a banner year for buyout deals quickly soured when the credit crisis hit. A look at the biggest stories of the year, and what's in store for 2008.

Debt casts shadow
Debt casts shadow
Focus intensifies on the $300 billion backlog of debt that needs to be sold before a number of deals can close. Issuers eye a massive financing package for First Data's buyout, which they hope will revive the market.

Bankers end up selling some of the loans, but at a discount. The inability to bring the entire package to the market suggests investors still have no big appetite for risk.

Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.