search query: @author Kaplan, S. N. / total: 7
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| Author: | Kaplan, S. N. |
| Title: | The staying power of leveraged buyouts. |
| Journal: | Journal of Financial Economics
1991 : OCT, VOL. 29:2, p. 287-313 |
| Index terms: | MERGERS ORGANIZATIONAL STRUCTURE REGRESSION ANALYSIS |
| Language: | eng |
| Abstract: | The organizational status over time of 183 large leveraged buyouts (LBO) completed between 1979 and 1986 is documented. By August 1990, 62 p.c. of the LBOs are privately owned, 14 p.c. are independent public companies, and 24 p.c. are owned by other public companies. The percentage of LBOs returning to public ownership increases over time, with LBOs remaining private for a median time of 6.82 years. The majority of LBOs, therefore, are neither short-lived nor permanent. The moderate fraction of LBO assets owned by other companies implies that asset sales play a role, but are not the primary motivating force in LBO transactions. |
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