This book traces the historical rise of private equity finance in the US and UK over the last 40 years. It shows how this new industry has grown as credit markets have grown. It is clearly explained for the non-expert how financial gearing works in a leveraged buyout. ÍNDICE: - The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts - Constraints on the Growth of Private Equity Finance: The Emergence of Private Equity Finance inthe UK and its Recovery in the US - The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of the Collapse of the dot.com boom - PEF Buyouts in the Twenty First Century: Liquidity and the Credit Crunch- The Role of Fees and Gearing in Leveraged Buyouts - Theories of Leveraged Buyouts and Theories of Market Instability - The Empirical Arguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax - Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value -
- ISBN: 978-0-230-20710-3
- Editorial: Palgrave Macmillan
- Encuadernacion: Cartoné
- Páginas: 336
- Fecha Publicación: 28/11/2008
- Nº Volúmenes: 1
- Idioma: Inglés