It is part of every LBO structure memo to establish the tax deductibility of acquisition loan interest as quickly as pos

It is part of every LBO structure memo to establish the tax deductibility of acquisition loan interest as quickly as possible after closing by implementing a tax group ("Organschaft"). It is therefore all the more surprising that in larger transactions, the partial non-deductibility of interest expense is permanently accepted as an unavoidable fate, even though this costly inefficiency can easily be optimized through asset-based financing.👇