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Two Tweets & A Blog

Deming Institute

million in a Leveraged Buy Out (LBO) to buy an Oklahoma based Coca-Cola bottling company. On April Fools Day 1980, Bob Browne and his partners invested $7.5 When they sold the company in 2011, they had recouped over $400 million in after-tax dollars!

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Corporate Governance Should Combine the Best of Private Equity and Family Firms

Harvard Business Review

The public corporation is typically bedeviled by the gap between managers’ and shareholders’ interests. In private equity, managers and shareholders are closely connected. These examples are hybrids not just of family ownership and professional management, but also of private and public ownership.

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Private Equity’s New Phase

Harvard Business Review

The types of private equity firms and the approaches to managing these firms has evolved over the last 40 years through three general phases. This phase was loosely called leverage buy out (LBO) from about 1979 to 1990 and included over 2,000 LBOs. In this phase, the acquired property is not just managed, but transformed.

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