FT Professional Glossary
Leverage buyout (LBO)
The act of buying a company using money that is borrowed based on the value of the company being bought
Example usage from an FT article:
The first hedge fund was started in the US — founded in 1949 and called AW Jones — and so were the first mainstream leveraged buyouts, a model KKR pioneered in the 1970s.
Excerpt from "The reckoning for America Inc"
