Lifting the Veil on Reverse Leveraged Buyouts: What Happens During the Private Period?

2013 ◽  
Vol 42 (4) ◽  
pp. 815-842 ◽  
Author(s):  
Sudip Datta ◽  
Mark Gruskin ◽  
Mai Iskandar-Datta
Keyword(s):  
Leveraged Buyouts ◽  
Reverse Leveraged Buyouts ◽  
The Veil

The Performance of Reverse Leveraged Buyouts: Another Look

2017 ◽  
Vol 23 (3) ◽  
pp. 357-358
Author(s):  
Trevor W. Chamberlain ◽  
Francois Xavier Joncheray
Keyword(s):  
Leveraged Buyouts ◽  
Reverse Leveraged Buyouts

scholarly journals The Investment Performance Of Reverse Leveraged Buyouts

2011 ◽  
Vol 5 (4) ◽  
pp. 20
Author(s):  
Anandi P. Sahu
Keyword(s):  
Leveraged Buyouts ◽  
Public Ownership ◽  
Investment Performance ◽  
Leveraged Buyout ◽  
Potential Source ◽  
New Public ◽  
Reverse Leveraged Buyouts

This study investigates a previously unexamined potential source of value in LBOs wealth transfers from new public shareholders to the buyout group when the firm returns to public ownership via a reverse LBO. An examination of the investment performance of 53 reverse leveraged buyout firms finds initial underpricing followed by insignificant returns in the aftermarket. The evidence thus does not support the claim that value is appropriated from the new public shareholders in a reverse leveraged buyout.

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