Private Equity’s New Phase
Harvard Business Review
AUGUST 9, 2016
From 1996 to 2015, the number of publicly traded companies in the United States alone dropped nearly 50%. This phase was loosely called leverage buy out (LBO) from about 1979 to 1990 and included over 2,000 LBOs. A silent, seismic shift has dramatically altered corporate ownership and business governance globally.
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