Private equity (PE) and governance in secondary buyouts

In this paper, we highlight the key changes in the PE governance model especially relevant to governance in secondary buyouts (SBOs). Generally, buyouts can be PE-backed or non-PE backed deals. We focus on PE-backed SBOs and PE-backed primary buyouts (PBO). We also survey recent literature on SBOs. Finally, we conclude and identify some emerging research themes on PE and governance in SBOs