Exploring Private Equity and Leveraged Buyouts in the Finance Industry

This chapter provides insights into the origins of private equity, the rise of leveraged buyouts in the early 80s, and the pivotal role of key figures like Peter Cohen. It delves into the intricate details of buyouts, legal aspects, and the changing landscape of financial institutions during that time. Additionally, it discusses the impact of gossip, deal announcements, and the downfall of Drexel Burnham in the context of junk bond issuance dominance.