Printer Friendly
The Free Dictionary
1,018,562,542 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Leveraged buyout
(redirected from Leveraged buyouts)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Leveraged buyout (LBO)
A transaction used to take a public corporation private that is financed through debt such as bank loans and bonds. Because of the large amount of debt relative to equity in the new corporation, the bonds are typically rated below investment-grade, properly referred to as high-yield bonds or junk bonds. Investors can participate in an LBO through either the purchase of the debt (i.e., purchase of the bonds or participation in the bank loan) or the purchase of equity through an LBO fund that specializes in such investments.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
 
Last year the volume of leveraged buyouts I in Europe reached a level of 117 billion [euro], This year is shaping up to become even bigger.
Who says Germany's not restructuring? by Schonberg, Stefan / The International Economy
The article on private equity, "Quest for Returns Boosts Private Equity," in the July/August issue, should have said that Praesidian Capital, a mezzanine debt provider for middle-market companies, boasts a war chest of $157 million, of which more than half is invested in management buyouts, leveraged buyouts, recapitalizations and refinancings, including four investments alongside private equity sponsors.
Correction by Financial Executive
Options considered range from private investments in beaten-down public companies to leveraged buyouts -- a controversial tactic that VCs have tried before during previous downturns, but met with little success.
Wary of Startups, Venture Firms Explore New Avenues by PALAZZO, ANTHONY / Los Angeles Business Journal
More results
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.. Terms of Use.