Taking a public company private - shareholder structure

Hi all,

I am currently thinking about the best ownership/shareholder structures for taking a public company private by means of an LBO.

What are key success factors in terms of the ownership/shareholder structure to successfully conduct a take private? I.e., should the shareholder structure rather be diffuse/diversified or concentrated? Rather institutional, strategic or management shareholders? What is favorable?

Looking forward to your thoughts.

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