Essays about: "carve-outs"

Found 5 essays containing the word carve-outs.

  1. 1. What Enabled the Rapid Swedish M&A Recovery During the Covid-19 Crisis? A Qualitative Research Study Regarding the M&A Recovery in Sweden during 2020 Compared to Previous Crises

    University essay from Göteborgs universitet/Graduate School

    Author : Josefine Gillbrand; Ebba Tiger Nilson; [2021-06-24]
    Keywords : M A recovery; Covid-19; The IT Bubble; The GFC; Liquidity; Private Capital;

    Abstract : The mergers and acquisitions (M&A) recovery after the Covid-19 crisis’ outbreak in 2020 is considered remarkably rapid compared to earlier crises as the recovery occurred in months instead of years. There are several explanations for this but they apply mainly to the global and American M&A market and some are exclusively reasons for the American M&A recovery. READ MORE

  3. 2. How do equity carve-outs create value? An investigation from three perspectives

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

    Author : Johan Gunnarsson; Rebecca Gustafsson; [2021]
    Keywords : Equity carve-out; Value creation; Divestiture; Diversification;

    Abstract : In this study, we investigate the value creation from equity carve-outs from the perspectives of the asymmetric information hypothesis, the divestiture gains hypothesis and the heterogeneous beliefs hypothesis. We examine the corporate impact of undertaking a carve-out decision on operational performance and valuation levels for parent and subsidiary firms. READ MORE

  4. 3. The long-run performance of new listings on the Nordic stock markets: IPOs, Spin-offs and Carve-outs

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tim Gisslen; Erik Raig; [2015]
    Keywords : Nordic IPOs; spin-offs; carve-outs; long-run abnormal returns;

    Abstract : This paper studies the long-run performance of new listings on the Nordic stock markets from January 1996 to April 2014 by analyzing a sample of 203 non-sponsored IPOs, 100 private equity-backed IPOs, 60 spin-offs and 30 carve-outs. First, we investigate the median buy-and-hold abnormal returns associated with the different listing groups. READ MORE

  5. 4. Covenants in loan agreements—an analysis of practices within the Swedish high-yield bond sector

    University essay from Lunds universitet/Juridiska institutionen

    Author : Fredrik Fors; [2013]
    Keywords : Avtalsrätt; associationsrätt; förmögenhetsrätt.; Law and Political Science;

    Abstract : A high-yield bond is a financing option for a non-investment grade corporation, enabling it to raise funds on the capital market. In light of harsher conditions for senior financing, the development of a liquid high-yield market for bonds may prove a necessary way forward to ensure global competitiveness for Swedish small and medium-sized enterprises (“SMEs”) that typically relies heavily on bilateral- and syndicated bank loans. READ MORE

  6. 5. Pure-Play Creation: Will Increased Focus on Core Business Lines Unleash Shareholder Value?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jeff Fridberg; Jakob Nylin; [2006]
    Keywords : divestment; quity carve-out; spin-off; diversification discount; conglomerate;

    Abstract : Industrially and globally diversified firms are valued at a discount to a portfolio of pure-play comparable businesses. Hence any firm with non-core activities should be able to unleash shareholder value through elimination of the diversification discount by streamlining the firm through divestments/spin-offs/equity carve-outs. READ MORE