Secondary Sale/Secondary Buy-out defined: A secondary sale (also known as a secondary buy-out) is a type of leveraged buyout where one private equity firm sells its stake in a company to another private equity firm thereby fully exiting from its investment.
Above is a definition for “Secondary Sale/Secondary Buy-out” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
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