Does the Reputation of a Private Equity Group Break the Bank-Dependence of its Portfolio Company?

2011 ◽  
Author(s):  
Glebs Ivanovs ◽  
Daniel Schmidt
Keyword(s):  
Private Equity ◽  
Portfolio Company

scholarly journals Private Equity Portfolio Company Fees

2015 ◽  
Author(s):  
Ludovic Phalippou ◽  
Christian Rauch ◽  
Marc P. Umber
Keyword(s):  
Private Equity ◽  
Portfolio Company

Private Equity Portfolio Company Political Activity

2016 ◽  
Vol 19 (3) ◽  
pp. 51-54
Author(s):  
Todd L. Boudreau ◽  
Erika E. Alba ◽  
Michelle E.P. Nuñez
Keyword(s):  
Private Equity ◽  
Political Activity ◽  
Portfolio Company

Private equity portfolio company performance during the global recession

2012 ◽  
Vol 18 (1) ◽  
pp. 193-205 ◽  
Author(s):  
Nick Wilson ◽  
Mike Wright ◽  
Donald S. Siegel ◽  
Louise Scholes
Keyword(s):  
Private Equity ◽  
Company Performance ◽  
Global Recession ◽  
Portfolio Company

scholarly journals IPO as a VC-Funds Type of Exit

2019 ◽  
pp. 99-129
Author(s):  
Dorota Podedworna-Tarnowska
Keyword(s):  
Initial Public Offering ◽  
Private Equity ◽  
Third Party ◽  
Going Public ◽  
Public Offerings ◽  
Advantages And Disadvantages ◽  
The Us ◽  
Portfolio Company ◽  
Venture Capital Firms ◽  
Public Offering

The key characteristic of private equity finance is that investors hold their investments only for a limited period of time. The key goal of VC funds is to grow the company to a point where it can be sold at a price that far exceeds the amount of capital invested. This process is called an exit or divestment. There are three basic types of exits: going public, being acquired by a larger corporation, a sale to a third-party investor.It is a widely believed and accepted proposition in private equity literature that the initial public offering of a private equity portfolio company is the most successful and profitable exit opportunity. However, according to the few sources of literature, public offerings are not the preferred divestment type for venture capital firms. Going public is one of the most critical decisions in the lifecycle of a firm. This is not easy, as the process is very comprehensive and complex. Hence, a lot of considerations should be taken into account. Because every investee firm is different, a development plan to achieve a successful exit takes into consideration a number of macroeconomic and microeconomic factors. Moreover, several advantages and disadvantages of exit through an IPO could be indicated. The objective of this paper is to show the success and profitability of going public by VC funds. The VC’s exit type as a way of cashing out on its investment in a portfolio company is a consequence of the exit strategy, which means the plan for generating profits for owners and investors of a company. While an IPO is the most spectacular and visible form of exit, it is not the most common one, as historically in the US it was, but still in Europe it has not been yet. There will be both literature and statistical data coming from different studies and reports used in this research.

scholarly journals THE STRATEGIC ROLE OF PRIVATE EQUITY IN THE INTERNATIONALIZATION OF ITALIAN SMEs

2021 ◽  
Author(s):  
ANDREA ODILLE BOSIO ◽  
ANNA GERVASONI ◽  
FRANCESCO BOLLAZZI
Keyword(s):  
Private Equity ◽  
Positive Impact ◽  
Company Strategy ◽  
Fund Managers ◽  
Portfolio Company ◽  
Strategic Role ◽  
Operational Improvement ◽  
Governance Strategy ◽  
Insight Into

The internationalization of the portfolio company is a key strategy used by private equity (PE) investors to create value and produce returns. In recent years, the focus on the strategies for value-creation through operational improvement has become essential to achieve the exponential growth required to the portfolio company, given the low multiples and the market risk of leverage. In this paper, we define the key types of contribution that a PE investor can provide in order to support the internationalization process and their effects on the portfolio company’s performance. The research is based on a survey administered to 47 PE fund managers, which covers 156 deals involving Italian companies. The results offer insight into the contribution to the corporate governance, strategy and management that PE provides in addition to the monetary support. The findings show that the non-financial support given to the portfolio companies has a positive impact on the performance and that the most impactful contribution the PE can give is the support to the relational network when the company strategy involves a foreign direct investment.

scholarly journals Private equity portfolio company fees

2018 ◽  
Vol 129 (3) ◽  
pp. 559-585 ◽  
Author(s):  
Ludovic Phalippou ◽  
Christian Rauch ◽  
Marc Umber
Keyword(s):  
Private Equity ◽  
Portfolio Company

Venita Fields: What Private Equity Professionals Really Do

2017 ◽  
pp. 1-15
Author(s):  
Derrick Collins ◽  
Ed Finkel ◽  
Scott T. Whitaker
Keyword(s):  
Private Equity ◽  
Investment Decisions ◽  
Career Management ◽  
Due Diligence ◽  
Regional Office ◽  
Portfolio Company ◽  
Human Aspect ◽  
Investment Process ◽  
Analytical Tools ◽  
To Receive

Ever since he had heard her speak at a private equity conference, Babatunde Omotoba had wanted to work for Venita Fields, co-founder and senior managing director of private equity firm Smith Whiley & Company. He wrote and asked her for an informational interview, and was excited to receive her invitation to meet with her at the firm's regional office in Evanston, Illinois. After the interview, however, Omotoba came to the grim realization that despite all his preparations—researching private equity firms, studying the types of deals they make, and evaluating the analytical tools used to perform due diligence on companies and make investment decisions—he did not have a full grasp on the actual day-to-day work private equity professionals perform. He spent time reviewing materials from the career management office about private equity, and he meets two Kellogg alumni for informational interviews. He also reviews the investment process. The case ends with Omotoba having a broader perspective on the human aspect of private equity, beyond the analytical and financial aspects, as he anticipates meeting Fields again, hopefully to get the job offer.Students learn the “tools of the trade” in private equity: managing portfolio company executives, meeting with limited partners to raise funds, managing the fund, selecting investments, and managing their time. Students learn the interpersonal nature of the business, including persuasion and negotiation, and how that is as important as financial skills. Students learn the process of preparing to interview with a private equity professional.

scholarly journals Private Equity Portfolio Company Fees

2015 ◽  
Author(s):  
Ludovic Phalippou ◽  
Christian Rauch ◽  
Marc P. Umber
Keyword(s):  
Private Equity ◽  
Portfolio Company
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