How the Buyout Business Is Coming Up With IPO Alternatives
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Hi it’s Matt Monks in New York. In today’s Bloomberg Deals, we look at how private equity is coming to grips with a lackluster IPO market. Elsewhere, Alphabet hones in on a jumbo takeover while a hostile banking deal percolates in Spain.
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The LBO business is pretty straightforward. Buy a company with debt. Make it better by cutting costs or bulking up through acquisitions. Then exit at a higher price years later via a sale or IPO.