book

Private Equity 4.0: Reinventing Value Creation

March 2015

Beginner

288 pages

8h 58m

English

Read now

Unlock full access

Hans van Swaay Esmeralda Megally
Benoit Leleux Hans van Swaay Esmeralda Megally
The road to sustainability: from arbitrage to operational value creation Gaining perspective: The road ahead
Private equity at the crossroads An historical perspective to gain insights for the future Private equity: all about people The best capitalism has to offer? The conceptual groundings Believers, sceptics and cynicsNotes
Executive summary Moving into mainstream A brief history An increasingly global industry An industry in the limelightNotes
Executive summary Setting the stage The (apparent) madness of private equity fees Commitments versus investments Distributions in cash, please! Due diligence, leverage, focus and… incentives Illiquidity… and new ways to cope with itNotes
Executive summary The art of private equity Sourcing deals Creating value in private equity Exiting investments The economic impact of private equityNotes
Executive SummaryPerformance metricsValuing realized and unrealized investmentsReporting fund performanceMembership and self-reporting biasesPerformance by segmentsPerformance by fund sizeThe persistence effectThe timing effectComparison against benchmarksCorrelation to other asset classesNotes

Executive summarySize matters: fund sizes, deal sizes and other dimension issues!Global alternative asset managersRegional, domestic and multi-country fundsMid-market fundsVenture capital fundsDistressed private equitySecondary fundsFunds-of-fundsInstitutional limited partnersNotes
Executive summary London as European centre of gravity The private equity ecosystem: follow the fees Investment banks Lending banks Accountancy firms Law firms Due diligence specialist providers Strategy consultants Placement agents Fund administrators Recruitment consultants Public relations agenciesNotes
Executive summary The private equity game The decision to invest Choice of investment vehicle Diversification in a rich marketplace Timing The pitch Manager selection Due diligence Subscription to a fund Capital calls Monitoring Distributions Reporting Fund liquidationNotes
Executive summary Reports of private equity’s death were highly premature Private equity in a changing world ConclusionNote

List of case studies

Case study 1 Carlyle consolidates the forged ring industry
Case study 2 Goldman Sachs’ investment in Shenzhen Hepalink Pharmaceutical
Case study 3 Warburg Pincus’ investment in Bharti Tele-Ventures
Case study 4 Barbarians at the Gate: KKR’s buyout of RJR Nabisco
Case study 5 The founding of Tribeca Capital Partners and the OndadeMar investment
Case study 6 Texas Pacific Group (TPG) and Ducati
Case study 7 Argos Soditic and the Kermel management buyout
Case study 8 Chrysalis Capital’s entry into India
Case study 9 Tumi and the Doughty Hanson Value Enhancement Group
Case study 10 Blackstone and the Celanese acquisition
Case study 11 Carlyle and the AZ-EM carve-out
Case study 12 Bain Capital and the turnaround of Samsonite
Case study 13 EQT’s investment in Tognum
Case study 14 HIG and Thermal Industries
Case study 15 TVM and the Jerini deal
Case study 16 Cerberus and the car rental industry
Case study 17 Coller and the Abbey Bank deal
Case study 18 The Pantheon deal
Case study 19 The Danish pension fund system

Thomas Meyer, Peter Cornelius, Christian Diller, Didier Guennoc

Kristine W. Powers, Jessica B.B. Diaz

Jason Kelly

Warren Ruppel

ISBN: 9781118939840Purchase book