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Secondary buyouts (SBOs) - designates transactions in which a company's control is transferred from a private equity fund (PE) to another private equity fund
This type of transaction has become in recent years one of the most popular types of exit, reaching 28.1% of total exits in 2012 from 26.5% in 2011, according to mergermarket.
Exits' evolution made by Private Equity funds, 2007 - 2012
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