A buyout (www.practicallaw.com/8-206-2068) that involves a high level of borrowing normally through using the assets of the buyout vehicle or target as security.
The term is also often used generically for all types of buyout, including a management buyout (www.practicallaw.com/4-107-6803) and a management buy-in (www.practicallaw.com/6-107-6802).