Sökning: "Leveraged Buyouts"

Visar resultat 1 - 5 av 43 uppsatser innehållade orden Leveraged Buyouts.

  1. 1. Private Equity and Long-Term Investment: Evidence from Sweden

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Pontus Berg; Isac Öberg; [2020]
    Nyckelord :Private Equity; Leveraged Buyouts; Corporate Investment; Innovation; Financial Constraints;

    Sammanfattning : There is a long-lasting debate on whether private equity (PE) firms invest long-term in portfolio firms, or if their short investment horizon lead to long-term growth being sacrificed to boost short-term performance. In this thesis, we examine three types of long- term investments: changes in asset investments, innovative investments and investments in personnel. LÄS MER

  2. 2. LBO Determinants & The Financial Crisis: Evidence from Nordic Public to Private Transactions

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Jacob Hesslevik; Arjun Iyer; [2020]
    Nyckelord :Financial Sponsors; Leveraged Buyouts; Private Equity; Financial Characteristics; Global Financial Crisis;

    Sammanfattning : The determinants of leveraged buyouts (LBOs) have received a lot of attention in past research after the 1980s LBO boom and mid-2000s takeover wave. This thesis aims to examine the effect of the Great Financial Crisis on the explanatory power of LBO determinants, using 62 Nordic public-to-private transactions from the last two decades. LÄS MER

  3. 3. Comparing Apples and Apples: The Impact of Operational Changes on Operational Performance Post LBO

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Andreas Johansson; Sebastian Hjerpebo; [2020]
    Nyckelord :Private equity; Leverage buyouts; Operational performance; Operational changes; Swedish private equity market;

    Sammanfattning : This paper aims to determine whether operational changes in pursuit of increased efficiency, are the mechanisms through which PE firms increase target firm performance, post leverage buyouts. This is done using a dataset of 56 Swedish firms which have been targets of leveraged buyouts. LÄS MER

  4. 4. Private Equity as an Enabler of Employment Growth: Evidence From European Buyouts

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Edward Yuran; Carl Lexner; [2020]
    Nyckelord :private equity; employment growth; job creation; credit constraints; labour regulation;

    Sammanfattning : With a unique dataset of 337 buyouts observed during 2012 to 2015 across several European countries, this study aims to answer whether leveraged buyouts enable or stifle employment growth for targets relative to non-private equity owned controls. Through a series of regressions we are able to conclude that private equity ownership is associated with more growth in employment and other operating metrics. LÄS MER

  5. 5. What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Författare :Evelina Gille; Josefine Karlsson; [2019]
    Nyckelord :Leveraged buyout; LBO; leverage; capital structure; private equity;

    Sammanfattning : This paper examines the main drivers of leverage levels in private equity-sponsored leveraged buyouts (LBOs). In order to find out what drives LBO leverage, we analyse deal financing of 71 European LBO deals completed between 2005 and 2015. LÄS MER