TY - BOOK ID - 212925 TI - Value creation in leveraged buyouts : analysis of factors driving private equity investment performance PY - 2006 SN - 3835093290 3835004883 PB - Wiesbaden : Deutscher Universitats-Verlag, DB - UniCat KW - Consolidation and merger of corporations. KW - Leveraged buyouts. KW - Buyouts, Leveraged KW - LBOs (Corporations) KW - Leveraged buy-outs KW - Consolidation and merger of corporations KW - Acquisition of corporations KW - Acquisitions and mergers KW - Amalgamation of corporations KW - Business combinations KW - Business mergers KW - Buyouts, Corporate KW - Corporate acquisitions KW - Corporate buyouts KW - Corporate mergers KW - Corporate takeovers KW - Corporations KW - Fusion of corporations KW - Hostile takeovers of corporations KW - M & A (Mergers and acquisitions of corporations) KW - Merger of corporations KW - Mergers and acquisitions of corporations KW - Mergers, Corporate KW - Takeovers, Corporate KW - Corporate reorganizations KW - Golden parachutes (Executive compensation) KW - Industrial concentration KW - Trusts, Industrial KW - Consolidation KW - Mergers KW - Finance. KW - Finance, general. KW - Funding KW - Funds KW - Economics KW - Currency question UR - https://www.unicat.be/uniCat?func=search&query=sysid:212925 AB - Over the last years, buyout activity has risen dramatically - especially in Europe - sparking intense public discussion about financial investors' role and the value they can add to companies and the overall economy. Based on a dataset of more than 3,000 leveraged buyout transactions from the U.S. and Europe, including performance data, Nicolaus Loos analyses how financial investors create economic value through their investments. Using quantitative analysis, he shows that various exogenous factors with respect to timing, industry, public market as well as deal specific factors can statistically be related to a buyout deal's performance. He also provides evidence of a "GP effect" in leveraged buyouts, i.e. that certain characteristics of a Private Equity firm and its investment professionals as well as a firm's buyout strategy approach and certain buyout target characteristics are important success factors. ER -