The effectiveness of LBO transactions
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
Leveraged Buy Out (LBO) is a transaction in which a group of buyers, including active financial investors and managers takes control over an enterprise in order to increase its capital and then sell it and realise the gain. The article hereby summarises studies published in scientific literature concerning the transac-tions’ effectiveness for the company’s shareholders, investors, bondholders and the companies themselves, involved in the LBO process. The article presents also hypotheses concerning the sources of LBO’s transactions effectiveness.
Authors and Affiliations
Michał Wrzesiński, Rafał Tuzimek
Keywords
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