Leveraged Buyouts and Private Equity

Steven Kaplan () and Per Stromberg

No 14207, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We describe and present time series evidence on the leveraged buyout / private equity industry, both firms and transactions. We discuss the existing empirical evidence on the economics of the firms and transactions. We consider similarities and differences between the recent private equity wave and the wave of the 1980s. Finally, we speculate on what the evidence implies for the future of private equity.

JEL-codes: G3 G34 (search for similar items in EconPapers)
Date: 2008-07
Note: CF
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Citations: View citations in EconPapers (24)

Published as Steven N. Kaplan & Per Stromberg, 2009. "Leveraged Buyouts and Private Equity," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 121-46, Winter.

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Journal Article: Leveraged Buyouts and Private Equity (2009)
Working Paper: Leveraged Buyouts and Private Equity (2009)
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