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PE Glossary

Buyout

Buyout · An acquisition strategy where a PE fund takes a controlling stake in a company, often using a combination of equity and debt financing. Buyouts can be management-led (MBO) or leveraged (LBO).

Example

A PE firm acquires 100% of a mid-market industrial company for €400M, replaces the management team to drive operational improvements, and sells the company five years later for €700M, generating a 1.75x return on equity invested.

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