Whereas LBO was the general name in the 80’s, private equity is what it’s generally all called now.
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No Brian. While the press has given all kinds of names to the type of investment that Bain does and did, LBO and private equity have never been interchangable. They are not now, or have they ever been the same thing. Public companies do leveraged buyouts with no private equity. Private equity can include zero leverage. Bain has done leveraged buyouts, and they’ve also done private equity deals that didn’t include leverage.
