The term Leveraged Buyout refers to the purchase of a company or a part of a company by large private equity firms for a limited period, which is largely financed through debt. Towards the end of the 1970s, financial investors in the USA began to conduct corporate acquisitions through leveraged buyouts (LBOs) for the first time. Over time, LBOs have also developed into a central business area of the private equity sector in Germany and Europe. This highlights the relevance and necessity of an in-depth engagement with this topic. This book examines the central characteristics of this innovative form of acquisition financing in detail, helping the reader to gain a better understanding of the reasons behind the success of LBOs.