Book Details

Value Creation in Successful LBOs

Publication year: 2007

ISBN: 978-3-8350-5430-1

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Daniel Pindur analyzes value creation in successful LBOs on investment level conceptually and empirically from an LBO equity investor perspective. Based on the LBO transaction model, the author decomposes total proceeds to LBO equity investors and derives a two-tier framework of an internal and an external perspective, thereby structuring the conceptual discussion of various determinants affecting these components. Founded on a novel database with detailed company- and transaction-specific information for a sample of 42 realized European LBO investments, he then quantifies LBO investment performance measures and their components and identifies the determinants of value creation in LBO investments.


Subject: Business and Economics, Information, Investment, LBO, Leverage, Private Equity, Transaktion