Document Type
Thesis
Publication Date
Winter 2017
Abstract
A leveraged buyout is the acquisition of a company funded primarily through debt, typically 60% to 70% of the price, while a financial sponsor provides the remaining amount of funding. A public company is acquired, then made private, and finally sold after a period of time for a profit. During the time that the company is held private, cash flows of the firm are used to repay the debt taken on to acquire it and actions are taken to improve the business and performance of the firm (Rosenbaum 161-162).
Repository Citation
Zielazny, D. A Leveraged Buyout of Paychex, Inc. Wright State University, Dayton, Ohio.
