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Doctoral Thesis | Finance | Morocco | Volume 12 Issue 1, January 2023

The Factors of Success and Failure of LBOs-Case of Morocco

HARAMA Meryam ^[2] | El Haddad Salim ^[4]

Abstract: Appeared in Morocco in the 2000s, this technique has become over time a profession in its own right, which allows a growing number of companies to solve their transmission problems, and many managers employees to become entrepreneurs. But the reality is that very few companies are likely to be the object of an LBO given the criteria of the target to be respected and that it is a business that remains extremely risky where reversals of situation can be very fast and very important losses. The specificity of the Moroccan capitalism represents a favorable environment for the development of the private equity business and more precisely that of the LBO. During the elaboration of this paper, we tried to analyze the factors of success and failure of the LBO operation. In spite of the scarcity of information concerning this type of operation in Morocco.

Keywords: Leverage Buy Out, LBO, Finance, Private Equity, Value

Edition: Volume 12 Issue 1, January 2023,

Pages: 868 - 876