On This PageJanuary 1989, No. 17

Leveraged buyouts (LBOs) are still only 7% to 8% of all merger and acquisition (M&A) deals done in the U.S. Yet, by dollar value they now constitute more than 20% of all M&A activity.

Buyouts and Bondholders
Last Updated: 01/31/89

The absolute and relative dollar values of LBOs increased significantly in 1986 and have continued at a high pace. Indeed, the recent RJR Nabisco LBO, at nearly $25 billion, exceeds the annual value of all LBOs for 1984 and 1985.