The Raid · HJ-040
He Bet $1 Million To Buy An $80 Million Company. Nobody Knew If It Would Work.
In 1982, investment banker Henry Kravis made headlines by acquiring Hallmark for $80 million using only $1 million of his own equity. This audacious leveraged buyout depended entirely on the target company's cash flow to cover debt payments that many felt were recklessly high.
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