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10 private-equity deals gone bust

8 of 10

Reddy Ice Holdings (manufacturer/distributor of ice)

The company manufactures and distributes ice.

Deal announced: 070/2/2007

Deal withdrawn: 01/31/2008

Investors: GSO Capital Partners

Value of the deal: $1.1 billion

This deal melted thanks to bad credit conditions, and the hedge fund was on the hook for a $21 million break up fee.

That was a small price to pay to avoid pain down the road. In March the company said that it was part of an industry-wide antitrust investigation of the packaged iceindustry.

NEXT: 3Com (computer networking)

Last updated May 19 2008: 1:26 PM ET

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