MBO管理层收购 MBO,即Management Buy-outs,中文是“管理层收购”或“经理层收购”、“经理层融资收购”。管理层收购是杠杆收购的一种。杠杆收购(Leverage Buy-outs,LBO),广义的定义是一种利用高负债融资,购买目标公司的股份,以达到控制、重组该目标公司的目的,并从中获得超过正常收益回报的有效金融工具；狭义的定义是一小群投资者主 The MBO management buys MBO, which is Management Buy-outs, and the Chinese are “Management Buyout” or “Management Level Acquisition”, and “Management Level Financing Acquisition.” Management buy-outs are a type of leveraged buyout. Leverage Buy-outs (LBO), broadly defined as a type of financial instrument that uses high-debt financing to purchase shares of the target company to achieve control and reorganization of the target company, and to obtain more than normal income returns Narrowly defined as a small group of investors