Correction.The article on private equity, "Quest for Returns Boosts Private Equity," in the July/August issue, should have said that Praesidian Capital, a mezzanine debt provider for middle-market companies, boasts a war chest War Chest Slang for the reserve of cash a corporation sets aside to attempt a takeover or to defend against a hostile takeover.Notes: For example, you might hear, "Look for XYZ Company to make an acquisition soon they've been selling off assets in order to build up their war chest." See also: Acquisition, Takeover, War Babies of $157 million, of which more than half is invested in management buyouts Buyout The purchase of a company or a controlling interest of a corporation's shares.Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. See also: Management Buyout (MBO), Takeover, Target Firm , leveraged buyouts, recapitalizations and refinancings, including four investments alongside private equity sponsors.
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