50827

BUYOUT LONGEVITY AND POST-EXIT PERFORMANCE1

Ranko Jelic, Mike Wright, Victor Murinde, and Wasim Ahmad

Introduction

Consistent with predictions (e.g., Jensen, 1989), the buyout market has grown tremendously into a global phenomenon (Stromberg, 2008). The extraordinary growth since the late 1990s has been supported by private equity (PE) investments in buyouts. Buyout transactions, for example, account for more than half of all PE investments, which were worth just under $3 trillion worldwide.2 Globally, the US still receives the highest amount of PE investments, followed by the UK, China, France, and India (Cumming & Fleming, 2012). While the European market is dominated by investors that focus on late stage investments in management buyouts, ...

Get The Routledge Companion to Management Buyouts now with the O’Reilly learning platform.

O’Reilly members experience live online training, plus books, videos, and digital content from nearly 200 publishers.