Book Details

Value Creation in European Equity Carve-Outs

Publication year: 2006

ISBN: 978-3-8350-9363-8

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The total volume of equity carve-outs (i.e. IPOs of subsidiary firms) in Europe over the last 20 years amounts to approx. € 90 billion. Carve-outs thus account for almost 20% of the total IPO volume. Companies use them for a variety of reasons aimed at increasing shareholder value. Nevertheless, not all carve-outs actually do create value.

Subject: Business and Economics, Capital Markets, Corporate restructuring, Event study, Long-term perfomance study, Subsidiary IPO