Private Equity: Value Creation and Performance

Christian Graf, Christoph Kaserer and Daniel M. Schmidt

in The Oxford Handbook of Private Equity

Published in print March 2012 | ISBN: 9780195391589
Published online September 2012 | | DOI:

Series: Oxford Handbooks

Private Equity: Value Creation and Performance

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  • Economics
  • Financial Markets
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This article serves as a comprehensive overview of the performance of private equity transactions. It gathers information from an analysis of 10,328 private equity deals, which include 3,296 pure buyout transactions. It introduces a new perspective for the analysis of the key drivers of value creation of private equity. It then isolates the impact of market timing, leverage, and operational improvements on transactions returns before focusing on the transactions in the financial institution industry. This article also provides indirect evidence that shows the possibility of operational improvements being the primary value drivers in other industries as well.

Keywords: private equity transactions; pure buyout transactions; private equity deals; value creation; market timing; leverage; operation improvements; transactions returns; financial institution industry

Article.  13727 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

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