Essays about: "secondary buyouts"

Showing result 1 - 5 of 11 essays containing the words secondary buyouts.

1. 1. Unwrapping the "Pass the Parcel" Deals - A Study of Value Creation in Secondary Buyouts

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

   Author : Filippa Stridh; Michaela Sandberg; [2021]
   Keywords : Private equity; Leveraged buyout; Secondary buyout; Value creation; Propensity score matching;

   Abstract : This thesis examines the economic rationale of secondary buyouts and whether they provide scope for operational value creation. We formulate a series of four hypotheses to investigate two distinct categories of value sources: i) growth and ii) efficiency. READ MORE

3. 2. Who Let the Dogs Out? A Case Study of Fidelio Capital's and Nordic Capital's Investment in AniCura

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Haris Valjevac; Sigurd Log Roeren; [2021]
   Keywords : Buy-and-Build; Private Equity; Secondary Buyouts; Merger Integration;

   Abstract : We aim to study the value creation in a buy-and-build strategy, how secondary buyouts can create value and how an extreme number of acquisitions can be transformed to one company. To do this, we studied AniCura (prev. Djursjukhusgruppen) during Fidelio Capital and Nordic Capital's ownership from 2011-2018, in a single case study. READ MORE

4. 3. Private Equity and Long-Term Investment: Evidence from Sweden

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Pontus Berg; Isac Öberg; [2020]
   Keywords : Private Equity; Leveraged Buyouts; Corporate Investment; Innovation; Financial Constraints;

   Abstract : There is a long-lasting debate on whether private equity (PE) firms invest long-term in portfolio firms, or if their short investment horizon lead to long-term growth being sacrificed to boost short-term performance. In this thesis, we examine three types of long- term investments: changes in asset investments, innovative investments and investments in personnel. READ MORE

5. 4. The Effect of Industry Specialisation and Secondary Buyouts on Value Creation in Nordic Private Equity

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Oscar Haglund; [2019]
   Keywords : Private Equity; Industry Specialisation; Heterogeneity; Value Creation; Secondary Buyouts;

   Abstract : This thesis consists of two parts. Part 1 focuses on the potential benefits of industry specialisation within Nordic private equity (PE). Using a unique dataset of 259 transactions conducted by 77 different PE firms during the period 2008-2014 in the Nordics, I show that industry specialisation has an advantage in certain situations. READ MORE

6. 5. Private Equity Firms’ Exit Decision in the Nordic Market: An Empirical Study on Factors that Influence Private Equity Firms’ Divestment Strategy

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Oscar Johannesson; Jacob King; [2018]
   Keywords : private equity; divestment strategy; secondary buyouts; trade sales; IPOs; Business and Economics;

   Abstract : This paper investigates which factors determine how a private equity-backed fund exits their investment in a portfolio company located in the Nordic markets. A total of 397 Nordic portfolio company private equity exits occurring between January 2005 and December 2017 have been analyzed in this paper. READ MORE