One of the mysteries of the English language finally explained.
The purchase of a controlling share in a company by its management using outside capital.
- ‘The leveraged buyout left Micro Warehouse with a crushing debt - more than $100 million at the time of bankruptcy.’
- ‘Having pulled off a leveraged buyout more than 60 years before the term was invented, Ford was free to invest, and invest he did.’
- ‘The problem is few of the big media companies have the cash to cobble together a takeover or merger deal, leaving the way open for a leveraged buyout by some of the big US private equity companies.’
- ‘He got a taste for leveraged buyouts through his work at the venture capital arm of First National Bank.’
- ‘Such funds came of age in the 1980s, when they played an integral role in financing that era's multibillion-dollar leveraged buyouts.’
- ‘If you're thinking that the process used to be described as a leveraged buyout, you're absolutely right.’
- ‘In the 1980s, some 60 years after Henry Ford introduced the tactic, leveraged buyouts would alter American industry.’
- ‘Typically, in leveraged buyouts, a significant amount of stock is set aside for management over a three-year lock-in period.’
- ‘He left two years later to seek a leveraged buyout.’
- ‘To be sure, debt carries significant tax benefits, is cheaper than equity, and provides more value to stockholders in a leveraged buyout.’
- ‘A management buyout or leveraged buyout is a transaction where some individuals borrow large amounts of cash and buy the outstanding stock of all the other shareholders.’
- ‘Before acquiring IMAX, he specialized in leveraged buyouts and venture capital investments.’
- ‘Major corporate surgery usually follows similar leveraged buyouts, and the slow European economic uplift may make the purchase a longer haul than Dearborn expected.’
- ‘The last time the vultures were out in force, in the early 1990s, their big targets were busted real estate assets and ill-fated leveraged buyouts.’
- ‘Equally, over this period of time, the company's risk profile and the security of its bonds could deteriorate if there was a leveraged buyout, for example.’
- ‘Switching industries in the late 1980s, he joined eight partners in the leveraged buyout of a contract furniture company and cashed out a few years later with about $200,000.’
- ‘The more flexible labor markets that followed fueled the wave of takeovers, mergers, and leveraged buyouts in the 1980s.’
- ‘It's the latest twist in a 20-year battle that began when Houston financier Charles Hurwitz bought the company in a 1986 leveraged buyout.’
- ‘The weakness in the stock was blamed on investor uneasiness about a looming leveraged buyout by a management-led group, the column said.’
- ‘This newspaper understands that the idea of a leveraged buyout was discussed by management and some shareholders in the past, but was not pursued.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.