<p><strong>Introduction</strong></p><p>Private equity frequently is associated with a leveraged buyout. The equity ownership of a public corporation is changed to equity that is not traded in a public market. There are significant financial advantages and there are also operational advantages. For example, management frequently becomes an owner of a significant amount of the equity and thus the interests of management and the owners become more convergent. Most importantly, the common stockholders can directly and effectively affect the corporate financial decisions.</p><p>The concepts of this book are important to investors interested in increasing their rates of return on their investments, without increasing their risk and to management interested in supplementing their wages with a significant share of the firm's profitability.</p><p>Harold Bierman, Jr.<br/>Cornell University<br/>Ithaca, NY</p><p><strong></strong></p><p><strong>Contents</strong></p><p></p><p>CHAPTER 1 The Many Virtues of Private Equity <br/>CHAPTER 2 Valuing the Target Firm<br/>CHAPTER 3 Structuring and Selling the Deal<br/>CHAPTER 4 A Changed Dividend Policy<br/>CHAPTER 5 A Changed Capital Structure<br/>CHAPTER 6 Merchant Banking<br/>CHAPTER 7 Operations: The Other Factor<br/>CHAPTER 8 The Many Virtues of Going Public<br/>CHAPTER 9 A Partial LBO: Almost Private Equity</p><br/>

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