Leveraged Buyouts
Acquirer Target Year Price ($bil)KKRKKR RJR NabiscoBeatrice^19891986 $ $^ 24.726.25
Thompson Co.KKR SafewaySouthland^19861987 $ $ 4.24^ 4.00
Wing HoldingsAV Holdings Borg-WarnerNWA, Inc.^19871989 $ $ 3.76^ 3.69
TF InvestmentsKKR Owens-IllinoisHospital Corp of America^19871989 $ $ 3.69^ 3.69
Macy Acquisition Corp.FH Acquisitions For Howard Corp.RH Macy & Co^19881986 $ $ 3.59^ 3.50
Citicorp Venture CapitalBain Capital Sealy Corp.Neenah Corp.^19971997 $ $^ 811.20250.00
Clayton, Dublier & RiceCyprus Group (w/mgmt) WESCO Distribution Inc.North Maerican Van Lines^19981998 $ $^ 1,100.00 200.00
Kohlberg & Co. (w.mgmt)Clayton, Dublier & Rice (w/mgmt) Dynatech Corp.Helley Performance Products^19981998 $ $^ 762.90100.00
10 Largest LBOs in 1980s and 1997/98 examples