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Question 5: Explain the economic reasons that led to the pattern of global LBOs shown in the graph below. (20 marks) Global LBO Volume and

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Question 5: Explain the economic reasons that led to the pattern of global LBOs shown in the graph below. (20 marks) Global LBO Volume and Number of Closed Deals 1999 - 2008 (s in billons) $700 300 251 $600 250 209 $500 200 158 $400 125 150 $642 $300 87 91 69 77 67 $200 100 56 5670 50 $161 2006 2007 2008 $100 $237 $68 $120 344 0 $56 378 SSO 1999 2000 2001 2002 2003 2004 2005 Volume Number of Deals Source: Thomson Reuters SDC Platinum Excludes deals under $250 million in enterprise value

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