Since 2000, technology companies have experienced dramatic losses in public market valuation. The question is whether this decline in prices opened the door for a concept hardly yet applied to this sector: leveraged and management buyouts. Tilman E. Pohlhausen explains why buyouts of companies...

This book traces the historical rise of private equity finance in the US and UK over the last 40 years. It shows how this new industry has grown as credit markets have grown. It is clearly explained for the non-expert how financial gearing works in a leveraged buyout.