Secondary Buy-Out

A Secondary Buy-Out is a private equity transaction where one private equity firm sells a portfolio company to another private equity firm (as opposed to selling to a strategic buyer or going public). In deal markets, a Secondary Buy-Out is often driven by differing value-creation strategies or fund timing, and Secondary Buy-Out transactions can include leverage refinancings and management rollovers.

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Ryan Roberts Startup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.