Value Creation in Leveraged Buyouts Value Creation in Leveraged Buyouts

Value Creation in Leveraged Buyouts

Analysis of Factors Driving Private Equity Investment Performance

    • €54.99
    • €54.99

Publisher Description

Over the last years, buyout activity has risen dramatically - especially in Europe - sparking intense public discussion about financial investors' role and the value they can add to companies and the overall economy.


Based on a dataset of more than 3,000 leveraged buyout transactions from the U.S. and Europe, including performance data, Nicolaus Loos analyses how financial investors create economic value through their investments. Using quantitative analysis, he shows that various exogenous factors with respect to timing, industry, public market as well as deal specific factors can statistically be related to a buyout deal's performance. He also provides evidence of a "GP effect" in leveraged buyouts, i.e. that certain characteristics of a Private Equity firm and its investment professionals as well as a firm's buyout strategy approach and certain buyout target characteristics are important success factors.

GENRE
Business & Personal Finance
RELEASED
2007
5 November
LANGUAGE
EN
English
LENGTH
502
Pages
PUBLISHER
Deutscher Universitätsverlag
SIZE
23.8
MB

More Books Like This

German Buyouts Adopting a Buy and Build Strategy German Buyouts Adopting a Buy and Build Strategy
2008
International Mergers and Acquisitions Activity Since 1990 International Mergers and Acquisitions Activity Since 1990
2007
Agency, Strategic Entrepreneurship, And the Performance of Private Equity-Backed Buyouts (Report) Agency, Strategic Entrepreneurship, And the Performance of Private Equity-Backed Buyouts (Report)
2009
Takeover Activity, Valuation Estimates and Merger Gains Takeover Activity, Valuation Estimates and Merger Gains
2010
M&A Activity, Divestitures and Initial Public Offerings In the Fashion Industry M&A Activity, Divestitures and Initial Public Offerings In the Fashion Industry
2012
Earnouts as Payment Currency and Value Gains to Bidder Shareholders. Earnouts as Payment Currency and Value Gains to Bidder Shareholders.
2014