When the PE firm Clayton, Dubilier & Rice bought David's Bridal from the PE firm Leonard Green & Partner LP this was an example of
A) dividend recapitalization.
B) a joint venture.
C) a secondary buyout.
D) a leveraged buyout.
E) a merger.

Question

Quizplus · Accepted Answer

This is a secondary buyout, where one private equity firm sells a company to another private equity firm.

When the PE Firm Clayton, Dubilier & Rice Bought David's