Acquisition transaction with financial and/or fiscal leverage for the repayment of acquisition debt by the results of the target group.
A LBO can take the following forms:
LBO (Leveraged Buy Out)
Acquisition of a company by private equity investors associated with the managers of the acquired company, as part of a financial arrangement with a combination of equity and significant amounts of loans, and of which the payment is provided by a debit on future cash flows.
MBO (Management Buy Out)
The buyout is made by the management team (one or more of its directors, from either the parent company or from the private owners).
MBI (Management Buy In)
An external manager or a management team buys the company.
BIMBO (Buy In Management Buy Out)
The buyout is made by an external manager in collaboration with the seller and/or with existing directors of the company.
OBO (Owner Buy Out)
The buyout is made by the owner of a company, who carries out part of his portfolio while reinvesting in the holding company.