(FINANCE) when somebody buys a corporation using borrowed money ("leverage"), with the expectation that the new owner will able to pay for it from the corporation's own profits.
Kohlberg Kravis and Roberts (KKR) developed the LBO back when Jerome Kohlberg, Jr. and Henry Kravis were still partners at Bear Stearns (1960's). The technique was refined by Michael Milken's methods of underwriting and trading junk bonds. At the same time, corporate raiders and takeover artists like T. Boone Pickens perfected greenmail as a way to make money from failed hostile takeovers.
Kohlberg Kravis and Roberts (KKR) developed the LBO back when Jerome Kohlberg, Jr. and Henry Kravis were still partners at Bear Stearns (1960's). The technique was refined by Michael Milken's methods of underwriting and trading junk bonds. At the same time, corporate raiders and takeover artists like T. Boone Pickens perfected greenmail as a way to make money from failed hostile takeovers.
In constant US dollars, the largest leveraged buyout deal in history was the KKR takeover of RJR Nabisbo for $31.1 billion (1989). In 2006, several deals of even larger size were planned or attempted, but adjusted for inflation, they were not as large.
by Abu Yahya September 4, 2010
When all aspects of your life, such as relationships, work, money, etc. are all perfect, as if nothing can bring down the mood you're in.
Louis: "Hey Mitch, how ya been?"
Mitch: "Great! Healthy kids, great job, happy wife, big new house, upcoming vacation. I have finally reached Life Leverage."
Mitch: "Great! Healthy kids, great job, happy wife, big new house, upcoming vacation. I have finally reached Life Leverage."
by LuLuBee November 7, 2010
The arm one most often uses to support body weight during sex; usually in the missionary position to avoid crushing their partner.
by Brent K. November 7, 2007
When someone is giving anal and the other person moves in a different direction rapidly and the anal giver's penis is yanked uncomfortably in the direction that the other person moves.
Mate I was giving some mad anal last night but she pulled out and gave me some massive anal leverage!
by LA FOOTBALL January 25, 2017
damon rizzo is short in more ways then one, unlike reeven(he's black) aka Gnome Leverage
Hey, I don't have to bend down to get that because I have gnome leverage
Hey, I don't have to bend down to get that because I have gnome leverage
by The B.O.B December 11, 2003
The first and last pit stop. Accessibility to students is so high that Google's jealous. Hopes and dreams take flight, hence the logo, duh.
IELTS to scholarships, everything's looked over and taken care of.
IELTS to scholarships, everything's looked over and taken care of.
by csgo9 November 24, 2021
The act of taking advantage of the grandparents' generousity for gain by the grandchildrens' parents by putting them on a pedistool.
The parents of the grandchildren want to buy a house even though they do not have sufficient funds. The parents get the grandparents to cosign for the home using the grandchildren as lethal leverage since an apartment is no place to raise a kid.
by One pissed off uncle March 29, 2009