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Private Equity and Venture Capital in Europe
book

Private Equity and Venture Capital in Europe

by Stefano Caselli
November 2009
Beginner content levelBeginner
368 pages
11h 24m
English
Elsevier Science
Content preview from Private Equity and Venture Capital in Europe

11.2. Exit Alternatives

Although equity investment has different profiles (i.e., seed, start up, expansion, replacement, vulture), theory and market trends show no correlation between the stage of investment, the holding period, and the exit strategy. Every deal has a specific strategy with rules driven by the needs of both the investor and the entrepreneur. These are typical exiting strategies relevant to today’s market:

  • Trade sale
  • Buy back
  • Sale to other private equity investors
  • Write-off
  • IPO or sale post IPO

11.2.1. Trade sale

A trade sale exit occurs when the private equity investor sells its stake to a corporation or, for example, to an industrial shareholder. This exiting strategy is often used in European markets. It is based on ...

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Publisher Resources

ISBN: 9780123750266