Private Equity Strategies for Exiting a Leveraged Buyout | Practical Law
This Article explains the main exit strategies for private equity sponsors making control investments in portfolio companies through leveraged buyouts, and discusses the main advantages and disadvantages of each strategy. These exit strategies include initial public offerings, Rule 144 resales, secondary registered offerings, sales to a strategic or financial third party buyer, leveraged and non-leveraged dividend recapitalizations, redemption rights and tag-along rights.