Essays about: "LBO CRISIS"

Showing result 1 - 5 of 6 essays containing the words LBO CRISIS.

1. 1. What does private equity buy? – A comparison between financial and strategic buyers in European PTP transactions 2005-2019

   University essay from Göteborgs universitet/Graduate School

   Author : Simon Möller; Angelica Yngvesson; [2020-07-08]
   Keywords : Acquisition; Leverage Buyouts; LBO; Private Equity; Public-to-Private; Takeover; Target firm;

   Abstract : This paper outlines a new approach to the takeover literature by comparing target characteristics between financial and strategic buyers in announced European Public-to-Private transactions from 2005 to 2019. We compare PE targets to non-PE targets by conducting a multivariate logistic regression model with a maximum likelihood approach. READ MORE

3. 2. LBO Determinants & The Financial Crisis: Evidence from Nordic Public to Private Transactions

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jacob Hesslevik; Arjun Iyer; [2020]
   Keywords : Financial Sponsors; Leveraged Buyouts; Private Equity; Financial Characteristics; Global Financial Crisis;

   Abstract : The determinants of leveraged buyouts (LBOs) have received a lot of attention in past research after the 1980s LBO boom and mid-2000s takeover wave. This thesis aims to examine the effect of the Great Financial Crisis on the explanatory power of LBO determinants, using 62 Nordic public-to-private transactions from the last two decades. READ MORE

4. 3. The Determinants of Leverage in Buyouts Before and After the Financial Crisis of 2008

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Matilda Dieden Bengtsson; Alexandra Olsson; [2016]
   Keywords : Leveraged Buyout; Private Equity; Capital Structure; Financial Crisis of 2008; Credit Spread;

   Abstract : The number of leveraged buyouts has grown tremendously in both size and frequency during the last decades. Therefore Private Equity firms are large and important players in capital markets, why it is interesting to examine the motivation behind their financing choices. READ MORE

5. 4. Buyout or Sit Out? - A Study on LBO Motives and Firm Characteristics of Buyout Targets in a Boom Period and in a Financial Crisis

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Patrik Alenfalk; Tina Ausmaa; [2014]
   Keywords : LBO; Private Equity; LBO Motives; Financial Crisis; LBO Targets;

   Abstract : The subject of leveraged buyout (LBO) motives and value creation following LBO transactions has been a frequent topic in the corporate finance literature ever since the LBO phenomenon gained foothold in the society during the 1980s. The distinguishing factors between firms that go private through an LBO and comparable companies that stay in public ownership have been investigated. READ MORE

6. 5. What are the main drivers of leverage in leveraged buyouts?

   University essay from KTH/Industriell ekonomi och organisation (Inst.)

   Author : Wiktor Mlynarczyk; Erik Holm; [2013]
   Keywords : Private equity; LBO; leverage levels; debt levels;

   Abstract : This paper examines the main drivers of leverage in leveraged buyouts, and provides an explanation for the significant decrease in leverage in the aftermath of the financial crisis. We test market-varying factors by regressing leverage measures on potential drivers and find that leverage is largely driven by debt market conditions and private equity market activity. READ MORE