Leveraged Buyouts And Corporate Debt PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Leveraged Buyouts And Corporate Debt PDF full book. Access full book title Leveraged Buyouts And Corporate Debt.
Author | : United States. Congress. Senate. Committee on Finance |
Publisher | : |
Total Pages | : 196 |
Release | : 1989 |
Genre | : Banks and banking |
ISBN | : |
Download Leveraged Buyouts and Corporate Debt Book in PDF, ePub and Kindle
Author | : United States. Congress. Senate. Committee on Finance |
Publisher | : |
Total Pages | : |
Release | : 1989 |
Genre | : Banks and banking |
ISBN | : |
Download Leveraged Buyouts and Corporate Debt Book in PDF, ePub and Kindle
Author | : Bjørn Espen Eckbo |
Publisher | : Now Pub |
Total Pages | : 144 |
Release | : 2013-07 |
Genre | : Business & Economics |
ISBN | : 9781601986900 |
Download Corporate Restructuring Book in PDF, ePub and Kindle
We survey the empirical literature on corporate financial restructuring, including breakup transactions (divestitures, spinoffs, equity carveouts, tracking stocks), leveraged recapitalizations, and leveraged buyouts (LBOs). For each transaction type, we survey techniques, deal financing, transaction volume, valuation effects and potential sources of restructuring gains. Many breakup transactions appear to be a response to excessive conglomeration and attempt to reverse a potentially costly diversification discount. The empirical evidence shows that the typical restructuring creates substantial value for shareholders. The value-drivers include elimination of costly cross-subsidizations characterizing internal capital markets, reduction in financing costs for subsidiaries through asset securitization and increased divisional transparency, improved (and more focused) investment programs, reduction in agency costs of free cash flow, implementation of executive compensation schemes with greater pay-performance sensitivity, and increased monitoring by lenders and LBO sponsors. Buyouts after the 1990s on average create value similar to LBOs of the 1980s. Recent developments include consortiums of private equity funds (club deals), exits through secondary buyouts (sale to another LBO fund), and evidence of persistence in fund returns. LBO deal financing has evolved toward lower leverage ratios. In Europe, recent deals are financed with less leveraged loans and mezzanine debt and more high-yield debt than before. Future research challenges include integrating analyses across transaction types and financing mixes, and producing unbiased estimates of the expected return from buyout investments in the presence of limited data on portfolio companies that do not return to public status.
Author | : |
Publisher | : |
Total Pages | : 88 |
Release | : 1991 |
Genre | : Corporate debt |
ISBN | : |
Download Report on the Corporate Debt Book in PDF, ePub and Kindle
Author | : Yakov Amihud |
Publisher | : Beard Books |
Total Pages | : 292 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9781587981388 |
Download Leveraged Management Buyouts Book in PDF, ePub and Kindle
Papers presented at a conference held at the Leonard N. Stern School of Business, New York University, on May 20, 1988, and sponsored by the Salomon Brothers Center for the Study of Financial Institutions. The 1989 edition of this proceedings volume was published by Dow-Jones-Irwin. Academics, legis
Author | : George Pierce Baker |
Publisher | : Cambridge University Press |
Total Pages | : 328 |
Release | : 1998-10-13 |
Genre | : Biography & Autobiography |
ISBN | : 9780521642606 |
Download The New Financial Capitalists Book in PDF, ePub and Kindle
This book, first published in 1999, gives a balanced, enlightening account of how KKR has approached leveraged buyouts.
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 132 |
Release | : 1992-03 |
Genre | : |
ISBN | : 0941375471 |
Download Case Studies of Selected Leveraged Buyouts Book in PDF, ePub and Kindle
What happens to companies that had been taken over through an LBO; how have they performed since the takeover; how have the communities been affected; what happened to companies that amassed tremendous debt to avoid being taken over? In order to address these questions in this report, case studies were done of the companies that experienced an LBO or a takeover attempt during the mid- to late 1980s. The assessment was based primarily on public documents and financial reports filed by the companies with the SEC.
Author | : Michael Patrick Walsh |
Publisher | : |
Total Pages | : 174 |
Release | : 1990 |
Genre | : Consolidation and merger of corporations |
ISBN | : |
Download Leveraged buyouts Book in PDF, ePub and Kindle
Author | : Nicolaus Loos |
Publisher | : Springer Science & Business Media |
Total Pages | : 490 |
Release | : 2007-11-05 |
Genre | : Business & Economics |
ISBN | : 3835093290 |
Download Value Creation in Leveraged Buyouts Book in PDF, ePub and Kindle
Based on a dataset of over 3,000 leveraged buyout transactions, including performance data, Nicolaus Loos analyses how financial investors create economic value through their investments. 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.
Author | : Brian Coyle |
Publisher | : Psychology Press |
Total Pages | : 152 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : 9781579582562 |
Download Venture Capital and Buyouts Book in PDF, ePub and Kindle
First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.