How Big is My LBO?
Size matters with LBO's. The largest LBO market is comprised of target companies in excess of $1.0 Billion in sales. These are mostly public companies and as such command a different discipline than doing a deal on smaller private companies. This is a highly competitive market where deals are done by the largest of private equity groups or other large public companies. The second group is called "middle market" and ...
Leveraged Buyouts – The Beginning
I was a product of the Leveraged Buyout (LBO) craze in the eighties and nineties. That's right, the big ones. When they just started. I was a young banker helping to finance Wesray, the celebrated pioneer of buyouts spearheaded by William Simon, former Treasury Sectretary and Ray Chambers back in 1982. The LBO was in its infancy and Wesray was at the very beginning of a great LBO wave of ...
