Analysis of the Top Leveraged Buy-Outs (LBOs) in Spain, 2005-2007

15 Pages Posted: 28 Jul 2008

Date Written: May 2, 2008

Abstract

This paper analyses the largest buyouts done by private equity investors in Spain. The objective of the paper is to analyse in depth these deals, to be able to better understand their leverage levels, valuations and the evolution of both variables. It also reviews who is behind these deals, from the equity and from the debt perspective. One of the conclusions of the analysis is that there has been a clear inflation in both debt levels and valuations. Additionally, the players in the largest deals are international PE houses and European banks, most of them with presence in Spain.

Keywords: LBO, Private Equity, Buy-outs, Leverage

JEL Classification: G24, G34, G32, G12, G21, G15

Suggested Citation

Alemany, Luisa, Analysis of the Top Leveraged Buy-Outs (LBOs) in Spain, 2005-2007 (May 2, 2008). Available at SSRN: https://ssrn.com/abstract=1176822 or http://dx.doi.org/10.2139/ssrn.1176822

Luisa Alemany (Contact Author)

London Business School ( email )

Sussex Place
Regent's Park
London, London NW1 4SA
United Kingdom

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