Sökning: "Leveraged Buyouts"

Visar resultat 1 - 5 av 45 uppsatser innehållade orden Leveraged Buyouts.

  1. 1. Unwrapping the "Pass the Parcel" Deals - A Study of Value Creation in Secondary Buyouts

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Filippa Stridh; Michaela Sandberg; [2021]
    Nyckelord :Private equity; Leveraged buyout; Secondary buyout; Value creation; Propensity score matching;

    Sammanfattning : This thesis examines the economic rationale of secondary buyouts and whether they provide scope for operational value creation. We formulate a series of four hypotheses to investigate two distinct categories of value sources: i) growth and ii) efficiency. LÄS MER

  2. 2. Do buyouts still have an operating impact?

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

    Författare :Oskar Kockum; Carl Johan Prioset; [2021]
    Nyckelord :Private Equity; Leveraged Buyouts; Abnormal Operating Performance;

    Sammanfattning : Using a dataset of 55 Swedish leveraged buyouts, we examine the change in operating performance relative to appropriate control groups in the decade following the financial crisis of 2008. Considering the differentia of this decade, the aim of this paper is to evaluate whether the value generating mechanisms of the private equity industry have changed and serve as reference point in the discussion about the societal role of the industry. LÄS MER

  3. 3. 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

  4. 4. 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

  5. 5. 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