How deals happen
Private equity's signature move, explained step by step — click through to watch the deal come together.
Step 1 of 7
Every leveraged buyout starts with three parties: a private equity firm looking to buy, a bank willing to lend, and a target company for sale.
This is a simplified illustration of how a leveraged buyout typically works, not a description of any specific real transaction — real deals vary in structure. For real examples, read the daily issues.