Leveraged Buyouts and Private Equity

41 Pages Posted: 4 Aug 2008 Last revised: 29 Oct 2014

See all articles by Steven N. Kaplan

Steven N. Kaplan

University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI); University of Chicago - Polsky Center for Entrepreneurship

Per Strömberg

Swedish House of Finance; ECGI; CEPR

Multiple version iconThere are 2 versions of this paper

Date Written: July 2008

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.

Suggested Citation

Kaplan, Steven Neil and Stromberg, Per, Leveraged Buyouts and Private Equity (July 2008). NBER Working Paper No. w14207, Available at SSRN: https://ssrn.com/abstract=1190356

Steven Neil Kaplan (Contact Author)

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Per Stromberg

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