(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
Get the leveraged buyoutmug. 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 8, 2010
Get the Life Leveragemug. 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 29, 2007
Get the Leverage Armmug. 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
Get the Anal Leveragemug. 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
Get the Gnome Leveragemug. A fancy way to use the noun "leverage" in a PowerPoint presentation. Alternatively, a great way to use a big word that is not actually a word.
by SmartyPants8 October 29, 2018
Get the leveragationmug. by kitchenspazz May 27, 2016
Get the dishes leveragemug.