Word often used to describe a newly formed investee company (see Section III above).

Provisional new legal entities, with names like Snooks & Bloggs Newco, are often established during restructuring operations including MBOs. The newco will acquire certain assets of Snooks & Bloggs. The new owner may revert to the original company name or may decide to use a completely new name.

The buy-out is usually carried out through a newly created company referred to as NewCo.