Officer, Micah S.; Ozbas, Oguzhan; Sensoy, Berk A. - In: Journal of Financial Economics 98 (2010) 2, pp. 214-240
We analyze the pricing and characteristics of club deal leveraged buyouts (LBOs)--those in which two or more private equity partnerships jointly conduct an LBO. Using a comprehensive sample of completed LBOs of U.S. publicly traded targets conducted by prominent private equity firms, we find...