Essays about: "buyout determinants"

Showing result 1 - 5 of 9 essays containing the words buyout determinants.

  1. 1. Pursuit of Excess Returns: Deciphering Performance in European Buyout Funds A Detailed Exploration of Relative Returns and Their Determinants

    University essay from Göteborgs universitet/Graduate School

    Author : Gustav Blomdahl; Erik Hillestad Andréasson; [2023-06-29]
    Keywords : ;

    Abstract : This paper investigates the relative performance of European buyout funds compared to public markets. Using a sample of mature buyout funds, obtained from European limited partners, with vintages between 1995 and 2013, we find that a European buyout fund, on average, outperforms the STOXX Europe 600 index by 52% over its lifetime. READ MORE

  3. 2. What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Evelina Gille; Josefine Karlsson; [2019]
    Keywords : Leveraged buyout; LBO; leverage; capital structure; private equity;

    Abstract : This paper examines the main drivers of leverage levels in private equity-sponsored leveraged buyouts (LBOs). In order to find out what drives LBO leverage, we analyse deal financing of 71 European LBO deals completed between 2005 and 2015. READ MORE

  4. 3. Does Firm Size Matter? Measuring the Operational Performance Development in Management Buyouts

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Helge Kalman; Jesper Björkman; [2017]
    Keywords : Management Buyout; Operational Performance; Size; Private Equity;

    Abstract : This thesis seeks to identify the determinants of operational performance in management buyouts (MBOs) and examine whether there are any differences in operational performance for MBOs of different sizes. This is done by analyzing a novel data sample comprising 116 consecutive Swedish MBOs using a linear regression model. READ MORE

  5. 4. 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

  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