Private Equity Glossary

Late Stages of Development

Expansion: An established or near-established company that needs capital to expand its productive capacity, marketing and sales.

Acquisition/Buyout: An established or near-established firm that needs financing to acquire all or a portion of another business entity for growth purposes, such as an Acquisition for Expansion Financing.

Turnaround: An established or near-established company that needs capital to address a temporary situation of financial or operational distress.

Other Stage: Includes Secondary Purchase, or the sale of portfolio assets among investors, and working capital.

Staggered Board: This is an anti-takeover measure in which the election of the directors is split in separate periods so that only a percentage (e.g. one-third) of the total number of directors come up for election in a given year. It is designed to make taking control of the board of directors more difficult.

« Back to Glossary Index