History of Private Equity and Venture Capital - The First Private Equity Boom (1982–1993)

The First Private Equity Boom (1982–1993)

The decade of the 1980s is perhaps more closely associated with the leveraged buyout than any decade before or since. For the first time, the public became aware of the ability of private equity to affect mainstream companies and "corporate raiders" and "hostile takeovers" entered the public consciousness. The decade would see one of the largest booms in private equity culminating in the 1989 leveraged buyout of RJR Nabisco, which would reign as the largest leveraged buyout transaction for nearly 17 years. In 1980, the private equity industry would raise approximately $2.4 billion of annual investor commitments and by the end of the decade in 1989 that figure stood at $21.9 billion marking the tremendous growth experienced.

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History Of Private Equity And Venture Capital - The First Private Equity Boom (1982–1993) - RJR Nabisco and The Barbarians At The Gate
... and a sign of the beginning of the end of the boomthat had begun nearly a decade earlier ... that Shearson Lehman Hutton would take RJR Nabisco privateat $75 per share ... It had to pump additional equityinto the company a year after the buyout closed and years later, when it sold the last of its investment, it had ...

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