Financing patterns of European buy-outs / Sascha Kaumann.

Format:

Book

Author/Creator:

Kaumann, Sascha.

Language:

English

Subjects (All):

Consolidation and merger of corporations--Europe.

Consolidation and merger of corporations.

Leveraged buyouts--Europe.

Leveraged buyouts.

Management buyouts--Europe.

Management buyouts.

Venture capital--Europe.

Venture capital.

Physical Description:

1 online resource (92 p.)

Edition:

1st ed.

Place of Publication:

Hamburg : Diplomica Verlag, 2009.

Language Note:

English

Summary:

As Buy-Outs became larger and more levered in the mid 2000's the European Leveraged Finance market experienced a wave of innovations. This research is concentrating on the capitalisation process of leveraged Buy-Outs in Europe, taking the perspective of an equity investor.We embark on the quest for the optimal capital structure by constructing an integrated model based on traditionalist (irrelevance hypothesis) and modernist (tax, risky debt and costly contracting hypothesis) views. In a second step we review common terms of financing instruments used in European Buy-Outs (ie. Senior debt,

Contents:

Financing patterns of European Buy-Outs; Table of contents; List of Acronyms; List of Objects; 1. Introduction; 2. The quest for a theory on optimal capital structure; 3. Financing patterns of European Buy-Outs; 4. The capitalisation process and other sources of value; 5. Summary and outlook; 6. References; 7. Appendix

Notes:

Cover title.

Includes bibliographical references.

ISBN:

9783836625654

3836625652

OCLC:

679421943