Abstract
This article serves as a comprehensive overview of the performance of private equity transactions. It gathers information from an analysis of 10,328 private equity deals, which include 3,296 pure buyout transactions. It introduces a new perspective for the analysis of the key drivers of value creation of private equity. It then isolates the impact of market timing, leverage, and operational improvements on transactions returns before focusing on the transactions in the financial institution industry. This article also provides indirect evidence that shows the possibility of operational improvements being the primary value drivers in other industries as well.
Original language | English |
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Title of host publication | The Oxford Handbook of Private Equity |
Publisher | Oxford University Press |
ISBN (Electronic) | 9780199940813 |
ISBN (Print) | 9780195391589 |
DOIs | |
State | Published - 18 Sep 2012 |
Keywords
- Financial institution industry
- Leverage
- Market timing
- Operation improvements
- Private equity deals
- Private equity transactions
- Pure buyout transactions
- Transactions returns
- Value creation