Chapter

Leveraged Buyouts

Viktoria Dalko

in The Handbook of Mergers and Acquisitions

Published in print June 2012 | ISBN: 9780199601462
Published online September 2012 | e-ISBN: 9780191743320 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199601462.003.0012
Leveraged Buyouts

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Leveraged buyouts have been the fastest-growing segment of mergers and acquisitions (M&A), especially since 2001. Behind such a surge is the globalization of private equity (PE)-sponsored leveraged buyouts (LBOs). Historically, LBOs were greeted as the “solution to the agency problem” by academics in the 1980s, and were promoted as the solution to the problem of the otherwise lackluster return to M&As. As more attention has been paid to this question by academic researchers recently, a rather different picture of reality has emerged.

Keywords: leveraged buyout; private equity; globalization

Chapter.  7770 words.  Illustrated.

Subjects: Financial Institutions and Services

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