what is the history of private equity investments 
in 1901 j p morgan bought carnegie steel corp for 480 million and merged it with federal steel company and national tube to create u s steel in one of the earliest corporate buyouts and one of the largest relative to the size of the market and the economy 2930in 1919 henry ford used mostly borrowed money to buy out his partners who had sued when he slashed dividends to build a new auto plant 31 in 1989 kkr engineered what is still the largest leveraged buyout in history after adjusting for inflation buying rjr nabisco for 25 billion 32