In a secondary LBO, can an LBO fund accept that the management team does not reinvest a

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In a secondary LBO, can an LBO fund accept that the management team does not reinvest a significant part of the capital gains achieved on the first LBO in the new LBO? Why?

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Corporate Finance Theory And Practice

ISBN: 9781119841623

6th Edition

Authors: Pascal Quiry, Yann Le Fur, Pierre Vernimmen

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