As Buy-Outs became larger and more levered in the mid 2000's the European Leveraged Finance market experienced a wave of innovations. This research is concentrating on the capitalisation process of leveraged Buy-Outs in Europe, taking the perspective of an equity investor.We embark on the quest...

The objective of this paper is to illustrate the main theories and survey the empirical evidence on the impact of private equity leveraged buyouts (LBOs) on innovative activity at target companies. I illustrate how the theoretical lenses through which LBOs are described have adapted to the...