The resurgence of LBOs has been accompanied by a clear acceleration in private debt: issuance for buyout transactions grew by 30% in 2024 across the US and Europe, signalling increased risk appetite in a more supportive financing environment. So, what is an LBO? A Leveraged Buyout (LBO) is the acquisition of a company using predominantly debt. Rather than relying solely on equity, the investor finances a significant portion of the purchase through borrowings. Over time, the a