10 private-equity deals gone bust

When the liquidity is flowing like wine, every deal looks like a perfect ten. But a lot went wrong between the time that private equity firms professed their love for the following companies and the date the deals were meant to close.

This high-profile break-up ended with KKR andGoldman announcing they would walk away from the deal, citing an unspecified material adverse change.

Ultimately the two sides filed a termination agreement whereby KKR would buy $400 million of Harman senior convertible notes and have a representative on the company's board.

The price was much more than the $225 million break up fee KKR might have had to pay.


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