Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310383 
Year of Publication: 
2024
Series/Report no.: 
Sveriges Riksbank Working Paper Series No. 444
Publisher: 
Sveriges Riksbank, Stockholm
Abstract: 
We study the effects on firms that are acquired by private equity firms in a leveraged buyout, using detailed Swedish registry data covering 1998-2022. Acquired firms see a large increase in their debt and debt related variables, but no significant change in productivity. This suggests that, on average, private equity firms target profitable firms and increase their size through the addition of leverage.
Subjects: 
Private Equity
LBOs
Firm Performance
JEL: 
G34
L25
Document Type: 
Working Paper

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