Value Creation in Private Equity-Sponsored Leveraged Buyouts: Estimating a Many-to-Many Matching Game

2014 ◽  
Author(s):  
Lei Gao
2020 ◽  
Author(s):  
Markus Biesinger ◽  
Cagatay Bircan ◽  
Alexander Ljungqvist

2009 ◽  
Vol 23 (1) ◽  
pp. 121-146 ◽  
Author(s):  
Steven N Kaplan ◽  
Per Strömberg

In a leveraged buyout, a company is acquired by a specialized investment firm using a relatively small portion of equity and a relatively large portion of outside debt financing. The leveraged buyout investment firms today refer to themselves (and are generally referred to) as private equity firms. We describe and present time series evidence on the private equity industry, considering both firms and transactions. We discuss the existing empirical evidence on the economics of the firms and transactions. We consider similarities and differences between the recent private equity wave and the wave of the 1980s. Finally, we speculate on what the evidence implies for the future of private equity.


2017 ◽  
Vol 88 (3-4) ◽  
pp. 363-392 ◽  
Author(s):  
Ann-Kristin Achleitner ◽  
Reiner Braun ◽  
Eva Lutz ◽  
Florian Tappeiner

2015 ◽  
Vol 27 (4) ◽  
pp. 105-122 ◽  
Author(s):  
Benjamin Puche ◽  
Reiner Braun ◽  
Ann-Kristin Achleitner

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