Remove Bidding Remove Enterprise Values Remove Leveraged Buyouts
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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout.

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Transcript: Armen Panossian

The Big Picture

There would’ve been no bid. And the equity checks being written by these private equity firms are larger than they’ve ever been as well, greater than 50% usually of the enterprise value of the transaction that they’re, they’re taking on that, [ Ritholtz 00:14:56 That, that’s big.