An LBO in 2012 must be earned The French buy out has once again fallen in its first semester with, according to CFnews, 138 operations, of which 80% small cap and 36% build-up. In a highly selective market where valuation, business plans and financing are unsure, successfully completing an LBO is tricky business.

The CFO’s game plan for international deployment Financing its international development beyond a bank pool is, to PME , solving the difficult equation of sourcing money whilst retaining decision-making power. The CFO’s role in this situation varies according to the type of financing envisaged.