going private

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Going private

When publicly owned stock in a firm is replaced with complete equity ownership by a private group. The firm is delisted on stock exchanges and can no longer be purchased in the open markets.

Going Private

A process in which the senior management of a publicly-traded company or a small group of investors buys all of the company's shares outstanding. Going private gives the management or investor group complete control of the company and allows it to operate without recourse to shareholders. Going private is often highly leveraged. When the management purchases the company, one usually refers to the act as a management buyout.

going private

The process by which a publicly held company has its outstanding shares purchased by an individual or by a small group of individuals in order to obtain complete ownership and control. The group wishing to take the firm private may feel that the market is undervaluing the shares. In addition, the purchaser(s) may not wish to meet the various requirements imposed on a publicly held company. Also called management buyout.
References in periodicals archive ?
In 2001 Mr Smith moved into private equity where he was CEO of Springboard, a listed private equity business which he took private in 2006 backed by Caledonia Investments and Nova Capital, a private equity business, where he subsequently became a director and investment partner.
The defendant managed to involve his victims in affairs with him until he took private pictures of them to blackmail them.
The lawsuit claims that the federal Transportation Security Administration (TSA) took private property without proper compensation when it assumed security screening of airline passengers.
Born to a wealthy Toronto family, Stearns studied in Toronto, London, and at the School of American Ballet in New York City, where she also took private lessons with mentor Alexandra Danilova, a family friend.
They took private wings to Granada and plan a drive-through of the Spanish mountains.
com will join several other Vector Capital portfolio companies from previous Vector Capital funds, including LANDesk(R) Software, spun-out from Intel(R) Corporation, Savi(R) Technology, spun-out from Raytheon(R) Corporation and Corel(R) Corporation, maker of the popular WordPerfect(R), CorelDRAW(R) and Paint Shop(R) families of productivity and creativity software, which Vector took private in 2003.
Last year, Dendy took private lessons with former PNB soloist Harriet Clark to get a better handle on that lexicon.
Other Vector investments include LANDesk Software, Savi Technology and Corel Corporation, which Vector took private in 2003 and subsequently successfully turned around.
Additionally, Vector Capital II includes the successful turnaround of Corel(R) Corporation, maker of the popular WordPerfect(R), CorelDRAW(R) and Paint Shop(R) families of productivity and creativity software, which Vector took private in 2003.
Additionally, Vector Capital II includes the successful turnaround of Corel Corporation, which Vector took private in 2003.