This represented the largest leveraged buyout completed since the takeover of RJR Nabisco in 1988. The leveraged buyout was worth $147.4 million. Apollo has been an active private equity investor through the mid-2000s buyout boom. A special case of a leveraged acquisition is a management buyout (MBO). The buyout and merger was closed on July 9, 2018. Its debt largely resulted from the 2011 leveraged buyout by its current owners. That purchase was the largest leveraged buyout in history. Bally surrendered control of the chain to Wesray Capital Corporation in a 1987 leveraged buyout. In 2006, Fortress acquired Intrawest in a leveraged buyout. In 1968, he gained control of the company through a leveraged buyout. Carlyle's investment was immediately challenged when Hawaii regulators delayed the closing of the buyout. Growth capital investments are also made by more traditional buyout firms. Obtaining the funds for the buyout was difficult due to existing debt from expansion. Johnson received $53 million from the buyout. The company expects the buyout and delisting to be finished by June.