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Leveraged buyout (LBO)
Practical Law UK Glossary 4-200-1393 (Approx. 3 pages)
Glossary
Leveraged buyout (LBO)
A buyout that involves a high level of borrowing, normally through using the assets of the buyout vehicle or target as security.
The term can also be used generically to refer to any type of buyout financed with debt as well as equity, including a management buyout and a management buy-in.