LBO-Backed IPOs Treading Water

O'Connor, Colleen Marie
May 2005
Investment Dealers' Digest;5/16/2005, Vol. 71 Issue 19, p7
Trade Publication
Reports on key controversies pertaining to leverage buyout-backed initial public offerings in the U.S. Irritation of investors over the greediness of buyout owners; Trends in corporate mergers and acquisitions; Deals and agreements between companies and investors.


Related Articles

  • Takeover activity and the long-run performance of reverse leveraged buyouts. Mian, Shehzad; Rosenfeld, James // FM: The Journal of the Financial Management Association;Winter1993, Vol. 22 Issue 4, p46 

    A reverse leveraged buyout occurs when either a publicly traded firm or a division within one converts to private ownership via a leveraged buyout (LBO) and subsequently goes public. This paper examines the three-year investment performance of these firms after going public, and further explores...

  • IPO Timing, Buyout Sponsors’ Exit Strategies, and Firm Performance of RLBOs. Cao, Jerry X. // Journal of Financial & Quantitative Analysis;Aug2011, Vol. 46 Issue 4, p1001 

    This paper studies the impact of buyout sponsors’ initial public offering (IPO) timing on the leveraged buyout (LBO) restructuring process and subsequent exit strategies. I find that LBO duration is negatively related to hot IPO market conditions. Further, following IPOs, reverse...

  • Shares of Brokerage Firms Seen Poised for a Surge. Julavits, Robert // American Banker;1/12/2004, Vol. 169 Issue 7, p20 

    Analysts say that after three tough years, conditions are improving for many of the brokerage sector's core businesses, including equity underwriting, mergers and acquisitions, initial public offerings, and leveraged buyouts. "The bottom line is that industry fundamentals look good across the...

  • Cheaper stocks may help LBO loans. Dunaief, Daniel // American Banker;11/22/1994, Vol. 159 Issue 225, p20 

    Presents bankers' estimates on the amount of capital available for leveraged buyouts. Funds for the initial public offering market; Improvement of market for private equity acquisition financings.

  • Dangers in Dividend Recaps. Greif, Lloyd // Mergers & Acquisitions: The Dealermaker's Journal;Oct2006, Vol. 41 Issue 10, p56 

    The article comments on the implications of the leveraged buyout (LBO) binge by private equity investors for the companies, the banking system and the overall economy of the U.S. It explores how the overreaching of private equity firms in the recapitalization stage affect the financial health of...

  • Hoovers IPO report confirms decline in new offerings.  // Fairfield County Business Journal;7/11/2005, Vol. 44 Issue 28, p36 

    Reports on the decline in the number of U.S. initial public offerings (IPO) for the second quarter of 2005. Amount raised by the 46 companies which went public in the second quarter of the year; Consideration of IPO hopefuls for a public offering or potential merger and acquisition activity, as...

  • Blue Harbour seeks $330M to work with. Soule, Alexander // Fairfield County Business Journal;3/24/2008, Vol. 47 Issue 12, p20 

    The article reports on the plans of Clifton Robbins, the founder of the Blue Harbour Group LP which is based in Greenwich, Connecticut to raise at least $330 million in an initial public offering (IPO) of stock to use the money to acquire an operating company. Under the blank check ruling, IPOs...

  • Managers get 'no exit' sign. Jacobius, Arleen // Pensions & Investments;8/22/2005, Vol. 33 Issue 17, p1 

    The article focuses on exit strategies, the initial public offerings or mergers and acquisitions deals that provide the means for general and limited partners to make money in venture capital. Investors are making less money, while general partners are holding onto their portfolio companies...

  • Venture money dries up. Brodkin, Jon // Network World;10/27/2008, Vol. 25 Issue 42, p14 

    The article reports that the venture capital investment in network technology companies in the U.S. has hit its lowest point in a decade. Investors are claimed to be wary of investing in start-ups because they have invested huge amount of money into existing companies that have not provided...


Read the Article


Sign out of this library

Other Topics