Leveraged Buyout <2026 Edition>

: A hybrid of debt and equity that fills the gap between senior debt and equity.

The "capital stack" in an LBO is often layered by risk and repayment priority: leveraged buyout

The ultimate goal of an LBO is to realize high returns—often targeting an of 20% to 30%. Understanding the Leveraged Buyout Model - HBS Online : A hybrid of debt and equity that