Structuring Buyouts for "Recap" Accounting--Maximizing Target's Post-Acquisition Book Earnings and IPO Value

In this article, Chicago partners Jack S. Levin and William R. Welke explore ways to structure a private equity fund's leveraged buyout of a target in order to obtain the benefits of "recap" accounting. The article appeared in the Spring 1998 issue of The Venture Capital Review. This is a PDF file which requires Acrobat Reader.