- June 1987
279.- Euro
1987. 272 Pages, Hardcover
ISBN-10: 0-471-83232-4
ISBN-13: 978-0-471-83232-4 - John Wiley & Sons








Detailed description
This book is for managers, particularly those at small companies or divisions of larger companies, who aspire to be owners. Using real-life case studies, the author shows how buyouts proceed from beginning to end, shedding light on the roles played by investment bankers, lawyers, accountants, lenders, and investors. With information on tax and regulatory issues, the book shows how buyout techniques can be adapted to meet changing conditions. Both public companies and small privately held companies are included in the case studies. Owners and managers alike will gain a clearer understanding of the advantages and disadvantages of buyouts from this stimulating text.

From the contents
WHAT MANAGEMENT SHOULD KNOW ABOUT LEVERAGED BUYOUTS.

History and Background.

How Risky are LBOs?

LBO Failures.

Why Leveraged Buyouts Will Remain Viable.

BENEFITS TO OWNERS AND MANAGEMENT.

Why Owners Should Consider a Leveraged Burnout.

Conflict of Interest.

What Buyers Look for in LBO Candidates.

STATISTICAL COMPARISON OF 30 LEVERAGED BUYOUTS.

Purchase Price.

Management Participation.

Bankers and Fees.

Debt Terms and Coverage.

Financial Structure Breakdown.

ANATOMY OF A LEVERAGED BUYOUT.

Mezzanine Financing.

Projecting a Profit and Loss Statement, A Cash Flow Statement and a Balance Sheet.

LEVERAGE BUYOUTS CASES.

Pannill Knitting.

Dr.

Pepper.

Woodward & Lothrop.

Kincaid Furniture.

Guilford Industries.

Perfect Fit.

Metromedia.

Multimedia.

Piece Goods Shops, Inc.

Glendale Fabrics.

LADD Furniture.

Cone Mills.

Dan River Inc.

Levits Furniture Corporation.

Reliable Stores, Inc.

Financial Analysis of Pannill Knitting Buyout.

Glossary.

INDEX.