Post-Investment Value Addition to Buyouts

Analysis of European Private Equity Firms
2006
ISBN: 978-3-8350-0228-9
Verlag: Deutscher Universitätsverlag

Buch, Englisch, 159 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 236 g

Reihe: Entrepreneurship

From 1999 onwards, the performance of buyout investments in Europe has steadily declined. As the traditional levers of value creation - high financial leverage and multiple expansion - are common knowledge in the private equity industry and therefore no longer a source of competitive advantage, the future success of buyout investments in Europe will depend on the ability of private equity firms to improve the operating performance of their portfolio companies post-acquisition.

Degenhard Meier identifies the success factors of post-investment value creation and their relative importance. He explores the dimensions of post-investment value addition characterizing the interaction between private equity firms and their portfolio companies and derives plausible hypotheses which he tests in an innovative way, i.e. he takes the current discussion on alternative methods to structural equation modeling as a basis and develops this discussion further by shedding light on partial least squares - a variance-based approach to structural equation modeling.

Zielgruppe

Research

Autoren/Hrsg.

Meier, Degenhard

Weitere Mitwirkende

Brettel, Prof. Dr. Malte

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensberatung, Unternehmenssubventionen

Inhaltsverzeichnis

Framework for structuring the analysis of post-investment value addition to buyouts

Methodology of data analysis

Derivation of hypothesis and design of the survey instrument

Data collection and analysis

Interpretation of the results and implications for practitioners

Über Autor(innen)

Dr. Degenhard Meier promovierte bei Prof. Dr. Malte Brettel am Lehrstuhl für Wirtschaftswissenschaften für Ingenieure und Naturwissenschaftler der RWTH Aachen. Er ist als Consultant für Bain & Company in München tätig.