Some deals just seem to make so much sense.

But then, as Tom Taulli points out, despite how good they might look on paper, some deals don't work out that way. Take for instance Kohlberg Kravis & Roberts' purchase of a controlling stake in Primedia. As Taulli puts it, "it seemed to make sense: consolidate the fragmented world of specialty publications."

But, it just hasn't worked out that way. Now, Primedia is selling its Enthusiast Media Division for $1.2 billion dollars. Seeing as how EMD has 70 magazines, consolidation isn't quite the right word.

While private equity can seem to do no wrong, there are certainly some case studies of botched deals. One is KKR's backing of Primedia (NYSE: PRM).

On paper, it seemed to make sense: consolidate the fragmented world of specialty publications. However, with lots of debt and difficulties with synergies, things just didn't work out.

(Continue reading this story on bloggingstocks)

Next article » Merck Selling Its Generic Biz

Previous article « Murdoch Sort Of Sweetens The Bid