Essays about: "Leveraged buyout"

Showing result 21 - 25 of 38 essays containing the words Leveraged buyout.

  1. 21. Is Bigger Always Better? A Study of Value Creation in Private Equity

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Christopher Drewsen; Gustav Moss; [2013]
    Keywords : Private Equity; Leveraged Buyout; Value Creation; Size Factor;

    Abstract : This article investigates value creation in leveraged buyouts conducted in Scandinavia during the period between 1997 and 2012, with the emphasis on differences in such value creation dependent on target sizes. This is done by conducting an event study on 199 buyouts using accounting-based performance metrics. READ MORE

  3. 22. Do LBO Motives Differ Between Large and Small Firms?

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

    Author : Keiward Pham; Kristina Saudargaite; [2013]
    Keywords : Takeover prediction; public-to-private; leveraged buyouts; buyout motives; private equity;

    Abstract : Authors of previous takeover prediction models treat small and large takeover targets as one homogenous group. Our empirical results show that treating large and small LBOs as one homogenous group leads to misleading takeover prediction results and low prediction power. READ MORE

  4. 23. From Greed to Good? - A Study on the Long-Run Stock Performance of Reverse Leveraged Buyouts on the American Stock Exchanges

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Jesper Antonsson; Marcus Palmér; [2012]
    Keywords : Reverse Leveraged Buyout RLBO ; Private Equity PE ; Initial Public Offering IPO ; Leveraged Buyout LBO ; Long-Run Stock Performance; Business and Economics;

    Abstract : The study seeks to investigate long-term stock performance of RLBOs. The purpose also to investigate long-term performance differences across RLBOs by examining whether certain characteristics can be attributed to deviations in performance. In general, the study seeks to shed some light on the recent wave of leveraged buyout transactions. READ MORE

  5. 24. The Determinants of Bankruptcies post LBO, - A study of North American post LBO bankruptcies 1980-2006

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Pär Warnström; Jonas Granström; [2011]
    Keywords : Bankruptcy; Private Equity; Financial Distress;

    Abstract : This thesis aims to shed light upon the determinants of default amongst leveraged buy out targets. We study 519 North American bankruptcies of leveraged buyout transactions and examine specific characteristics of the private equity sponsor, the target firms and the economic climate at the time of the transaction. READ MORE

  6. 25. Private Equity Valuation - Beauty is in the eye of the beholder

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Fredrik Gardefors; Henrik Videberger; [2011]
    Keywords : Private equity; LBO; APV; Multiples;

    Abstract : This study compares the transaction value of 24 private equity buyouts to the calculated value using discounted cash flow valuation based on adjusted present value (APV), leverage buyout valuation (LBO) and valuation using multiples. It provides results contradicting the results of Kaplan & Ruback (1995). READ MORE