the PE wants to do a leveraged buyout where the acquired company itself has borrowed most of the funds to buy itself. Planet Money did an excellent podcast bac

the PE wants to do a leveraged buyout where the acquired company itself has borrowed most of the funds to buy itself. Planet Money did an excellent podcast back in 2012 about Bain Capital buying and effectively destroying an iconic American manufacturer of legal pads. It's a great example of exactly this behavior: https://www.npr.org/transcripts/147590440 https://www.npr.org/transcripts/147590440