Leveraged Buy-Out (LBO)

(engl.) Debt-finan­­ced take­over, refers to the acqui­si­tion of a company with the inclu­sion of a large propor­tion of borro­wed capi­tal to settle the purchase price. Usually, the exclu­sive or predo­mi­nant secu­rity for the acqui­si­tion finan­cing is provi­ded by the target company and its assets.