Economics of Leveraged Buyouts: Theory and Evidence from the UK Private Equity Industry

2020 ◽  
Author(s):  
Alex Belyakov
Keyword(s):  
Private Equity ◽  
Leveraged Buyouts ◽  
The Uk

scholarly journals Leveraged Buyouts and Private Equity

2009 ◽  
Vol 23 (1) ◽  
pp. 121-146 ◽  
Author(s):  
Steven N Kaplan ◽  
Per Strömberg
Keyword(s):  
Time Series ◽  
Empirical Evidence ◽  
Private Equity ◽  
Debt Financing ◽  
Leveraged Buyouts ◽  
Leveraged Buyout ◽  
The Future ◽  
Similarities And Differences ◽  
Investment Firm ◽  
A Company

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.

Private equity group reputation and financing structures in German leveraged buyouts

2017 ◽  
Vol 88 (3-4) ◽  
pp. 363-392 ◽  
Author(s):  
Ann-Kristin Achleitner ◽  
Reiner Braun ◽  
Eva Lutz ◽  
Florian Tappeiner
Keyword(s):  
Private Equity ◽  
Leveraged Buyouts ◽  
Group Reputation
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