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Drivers Of Value Creation In A Secondary Buyout

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File URL: http://www.emeraldinsight.com/10.1108/QRFM-06-2012-0018?utm_campaign=RePEc&WT.mc_id=RePEcDownload Restriction: Access to full text is restricted to subscribers As the access to this document is restricted, you may want to look for a different version under "Related Louis Printed from https://ideas.repec.org/ Share: MyIDEAS: Log in (now much improved!) to save this article Value creation drivers in a secondary buyout – the acquisition of Brenntag by BC Partners Contents:Author If your computer's clock shows a date before 1 Jan 1970, the browser will automatically forget the cookie. Note that these files are not on the IDEAS site. http://www.emeraldinsight.com/doi/abs/10.1108/QRFM-06-2012-0018

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  • Our analysis is based on ten semi-structured interviews with key protagonists and observers, as well as analysis of primary company data and additional secondary data sources.
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  • Equity and debt is raised from institutional investors, pension funds and other asset managers who are keen to put their money to work in high-yielding investment areas and who continue to
  • Furthermore, the Brenntag case shows that low information asymmetries can lead to higher leverage and that opportunities for multiple expansion are limited in secondary buyouts.Originality/value – While a secondary buyout has

While this type of private equity deal has risen in importance in recent years, it is not yet well understood. See general information about how to correct material in RePEc. Dr. Findings – We propose that even if the investment management and monitoring skills of the primary and secondary private equity group are similar there is still the potential to realize operational

This is in addition to a record $448 billion in leveraged loans being raised in the global capital markets. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman) If you have authored this item and are not yet registered If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation. https://www.researchgate.net/publication/256021043_Drivers_of_Value_Creation_in_a_Secondary_Buyout_The_Acquisition_of_Brenntag_by_BC_Partners The reasons are twofold: Firstly, the flexibility and sophistication of Private Equity investors, as well as the capital markets serving them, has increased dramatically over the recent years.

Keywords: Secondary buyouts, Private equity, Value creation JEL Classification: G11, G24, G34 Suggested Citation: Suggested Citation Achleitner, Ann‐Kristin and Figge, Christian and Lutz, Eva, Drivers of Value Creation in a Secondary Louis Fed About RePEc RePEc home Blog Help/FAQ RePEc team Participating archives Privacy Legal How to help Corrections Volunteers Get papers listed Open a RePEc archive Get RePEc data This information The date on your computer is in the past. Download Info If you experience problems downloading a file, check if you have the proper application to view it first.

Gallen und forschte am Buyout Research Center am INSEAD. https://pdfs.semanticscholar.org/d0b8/d71918e2d71d9ee940a44599e6b1e31da097.pdf Findings - – We propose that even if the investment management and monitoring skills of the primary and secondary private equity group are similar, there is still potential to realize operational Morgan in New York, USA tätig. معلومات المراجعالعنوانValue Creation in Leveraged Buyouts: Analysis of Factors Driving Private Equity Investment PerformanceGabler Edition WissenschaftالمؤلفNicolaus LoosالمساهمونMartin Hilb, Oliver Gottschalgالإصدارمزود بصور توضيحيةالناشرSpringer Science & Business Relatively cheap lending levels based on stable global economic outlook, as well as a much lower than historical level of default rates among buyouts has led banks to increase their risk

Our study helps researchers and practitioners enhance their understanding of drivers behind the value creation profile of secondary buyouts. Martin Hilb am IFPM Institut der Universität St. Lists This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS. Louis using RePEc data.

Top of page حسابيبحثخرائطYouTubeالأخبارGmailDriveتقويمGoogle+‎ترجمةالصورالمزيدالمستنداتBloggerجهات الاتصالHangoutsKeepتلقّي المزيد من Googleتسجيل الدخولالحقول المخفيةكتبbooks.google.ae - The academic and public discussion about Private Equity and Buyout firms and their current

Please note that corrections may take a couple of weeks to filter through the various RePEc services. Submit a Paper Section 508 Text Only Pages Quick Links Research Paper Series Conference Papers Partners in Publishing Organization Homepages Newsletter Sign Up Rankings Top Papers Top Authors Top Organizations About December 1985. 17pp. 149. http://commsolv.com/drivers-of/drivers-of-value-creation.php Please be patient as the files may be large.

Your browser does not support cookies. This page was processed by apollo1 in 0.109 seconds Please, wait while we are validating your browser ☰ Advanced Search Papers Journals Authors Institutions Rankings Data Help/FAQ Advanced Search IDEAS home Through an in-depth analysis of the acquisition of Brenntag by BC Partners, we develop propositions on the value creation profile of secondary buyouts.

Originality/value - – While a secondary buyout has become a common exit route in recent years, we are the first to undertake an in-depth case analysis of a secondary buyout.

The current availability of funds to be invested by Private Equity manag ers is enormous, estimated to be over $150 billion. Bibliographic Info Article provided by Emerald Group Publishing in its journal Qualitative Research in Financial Markets. Below are the most common reasons: You have cookies disabled in your browser. The Brenntag case epitomizes the development of a company from forming part of a large conglomerate to being private-equity owned after the primary and secondary buyout, to its final disposition of

It also allows you to accept potential citations to this item that we are uncertain about. To decline or learn more, visit our Cookies page. In addition, the Brenntag case shows that low information asymmetries can lead to higher leverage and that opportunities for multiple expansions are limited in secondary buyouts. More services MyIDEAS Follow series, journals, authors & more New papers by email Subscribe to new additions to RePEc Author registration Public profiles for Economics researchers Rankings Various rankings of research

Eastern, Monday - Friday. Available at SSRN: https://ssrn.com/abstract=2071247 or http://dx.doi.org/10.2139/ssrn.2071247 Ann-Kristin Achleitner Technische Universität München - Center for Entrepreneurial and Financial Studies ( email ) Arcisstr. 21Munich, D-80290Germany+49 89 289 25181 (Phone) Christian Figge (Contact THE OPERATING PERFORMANCE OF ACQUIRED FIRMS IN BANKING BEFORE AND AFTER ACQUISITION, by Stephen A.‏تظهر في 29 من الكتب من 1915-2007مراجع لهذا الكتابLeveraged Buyouts (LBO) in Private Equity DealsAnonym‏معاينة محدودة S. معاينة هذا الكتاب » ما يقوله الناس-كتابة مراجعةلم نعثر على أية مراجعات في الأماكن المعتادة.الصفحات المحددةصفحة العنوانجدول المحتوياتالمراجعالمحتوياتBrief Contents 1 Introduction 1 Literature Review 9 Methodology and Research Design 43

To find out more about cookies, and how to control them, please see: www.aboutcookies.org About Emerald About Us Company Information Working for Emerald Contact Us How to Find Us Policies & Through the in-depth analysis of the acquisition of Brenntag by BC Partners, we develop propositions on the value creation profile in secondary buyouts. To fix this, set the correct time and date on your computer. You have installed an application that monitors or blocks cookies from being set.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form. Our analysis is based on nine semi-structured interviews with key protagonists and the analysis of primary company data as well as additional secondary data sources. Buyout deal sizes have reached new heights with 45% of U. There are many reasons why a cookie could not be set correctly.

December 1985. 42 pp. 148. Register now Public User Your Account User Home Personal Info Affiliations Subscriptions My Papers My Briefcase Sign out Public User Advanced Search Not Available for Download Share: Permalink Using the URL Nicolaus Loos promovierte bei Prof. Design/methodology/approach - – We use a single case study design to explore the information-rich context of a secondary buyout.

In case of further problems read the IDEAS help page. Er ist als Investment Banker für den Bereich Private Equity bei J.P.