Year: 1991
Type: report
Abstract: This paper documents the organizational status over time of 183 large leveraged buyouts (LBO5) completed between 1979 and 1986.As of August 1990, 63% of the LaOs are privately owned, 14% are independent public companies, and 23% are owned by other public companies As time since the LaO increases, the percentage of LEOn that have returned to public ownership increases.The (unconditional) median time LnOs remain private equals 6.70 years.This evidence suggests that the majority of LEO organizations are neither short-lived nor pennanent.In addition the moderate fraction of LBO5 assets owned by other (potentially related) companies implies that asset sales play a role in, but are not the primarily force motivating LEO transactions.
DOI: 10.3386/w3653
Author: Steven Kaplan
Institutions: National Bureau of Economic Research, University of Chicago
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2116305057