What are the reasons for the increase in LBO during the 1980s, their decline in 1989, and

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What are the reasons for the increase in LBO during the 1980s, their decline in 1989, and resurgence in 1992 onwards? Explain in detail all the stages of a successful LBO. Explain the difference between an IPO and a SIPO. Explain the major characteristics of the 1980s LBOs.

Why were LBOs able to use such high degree of leverage compared to other businesses?