TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LEVERAGED MANAGEMENT BUY-OUT [1 record]

Record 1 2010-04-19

English

Subject field(s)
  • Corporate Economics
  • Amalgamation and Partnerships (Finance)
  • Taxation
DEF

Purchase by executives of their own company with a nominal down-payment, the remainder being financed by loans guaranteed by company assets, which are sold to the public as junk bonds and repaid by operating profits and by selling part of the company's assets (assuming that the value of subsidiaries is higher after the split).

OBS

LMB; leveraged management buy-out; management buyout: terms and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

French

Domaine(s)
  • Économie de l'entreprise
  • Fusion, absorption et coparticipation (Finances)
  • Fiscalité
DEF

Opération par laquelle les cadres font l'acquisition de l'entreprise pour laquelle ils travaillent, le plus souvent par constitution d'une société mère qu'ils contrôlent, ainsi que par recours à des emprunts à long terme obtenus en se servant de la capacité d'emprunt de l'entreprise et dont le remboursement proviendra des flux de trésorerie dégagés par cette dernière.

Spanish

Campo(s) temático(s)
  • Economía empresarial
  • Consolidación y asociaciones (Finanzas)
  • Sistema tributario
DEF

Compra por ejecutivos de su propia empresa con un desembolso de dinero fresco mínimo y pagando el resto con créditos garantizados por los activos de la empresa. Estos créditos se venden al público como bonos-basura, y se devuelven con los resultados operativos y vendiendo parte de los activos (asumiendo un mayor valor de las filiales después de la escisión).

OBS

compra apalancada por ejecutivos; CAPE; compra por ejecutivos: términos y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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