DEFINITION
Private equity
Investment in minority or majority stakes in the equity or quasi-equity of unlisted companies, either at the time of or soon after their creation (venture capital), during their development (development capital) or when they are sold.
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GLOSSARY
BIMBO
Buy or Sell
Private equity
External Growth
Senior debt
Right of first refusal
Take-along right
Representations and warranties
IPO
Tax consolidation
LBO
LBU
LMBO
MBI
Mezzanine debt
Convertible bonds
Bonds redeemable into shares
Shareholders’ agreement
Private Equity
Spin Off
Sweat Equity - Sweet Equity

