An LBO is the acquisition of a company, either privately held or publicly traded, where a significant amount of the purchase price is funded using debt. The remaining portion is funded with equity contributed by the financial sponsor and in some cases, equity rolled over by the company’s exi...
link to page 7 Private Equity and Capital Markets Policy This report examines the private equity (PE) industry’s terminology, size, performance, and operational and regulatory structures. It also discusses selected policy issues relating to PE business practices and industry-specific debates. ...
Private Equity Terminology Financial BuyerStrategic BuyerDry PowderManagement Buyout (MBO)Add-On AcquisitionAssets Under Management (AUM)J-CurveTotal Value to Paid-In Capital (TVPI)Distribution to Paid-In Capital (DPI)Secondary Buyout (SBO)Take-PrivateDividend RecapitalizationFund of Funds (FOF) What...
Private equity acquisitions of physician medical groups across specialties, 2013-2016. JAMA. 2020;323(7):663-665. doi:10.1001/jama.2019.21844ArticlePubMedGoogle ScholarCrossref 6. Mednax. Addressing a Large, Fragmented Anesthesiology Market. Mednax; 2014. 7. DiCanio M. Waking up to the...
Private EquityListed Private EquityPerformanceIPORecent years witnessed a slew of private equity IPOs, commonly dubbed listed private equity (LPE). While the terminology is oxymoronic, we document aspects of tdoi:10.2139/ssrn.2981021Sara Ain Tommar...
In a December 2023 speech, JD Vance defended a notorious white nationalist convicted over 2016 election disinformation, canvassed the possibility of breaking up tech companies, attacked diversity, equity and inclusion (DEI) efforts and talked about a social media “censorship regime” that “cam...
Corporate Development at a Private Equity-Owned Portfolio Company: The Best of Operations and Finance? If you're new here, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking. Thanks for visiting...
A New Approach to Public-Private Partnerships: Consultation on the Terms of Public Sector Equity Participation in PF2 Projects HM Treasury 2012 A consultation paper on the new PPP approach developed in the UK with respect to the public sector participation in equity. https:...
Private Equity Terminology Financial BuyerStrategic BuyerDry PowderManagement Buyout (MBO)Add-On AcquisitionAssets Under Management (AUM)J-CurveTotal Value to Paid-In Capital (TVPI)Distribution to Paid-In Capital (DPI)Secondary Buyout (SBO)Take-PrivateDividend RecapitalizationFund of Funds (FOF) Tabl...
The distinction between a joint venture and a "conventional PPP with government participation in equity" can be very subtle or even quite unclear, and sometimes may only reflect the legal nomenclature or conventional terminology used in the respective country. DBFOM Based on Government ...