1.

Record Nr.

UNINA9910785103703321

Autore

Kaumann Sascha

Titolo

Financing patterns of European buy-outs [[electronic resource] /] / Sascha Kaumann

Pubbl/distr/stampa

Hamburg, : Diplomica Verlag, 2009

ISBN

3-8366-2565-2

Descrizione fisica

1 online resource (92 p.)

Disciplina

658.16

658.162

Soggetti

Consolidation and merger of corporations - Europe

Leveraged buyouts - Europe

Management buyouts - Europe

Venture capital - Europe

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Cover title.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

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

Sommario/riassunto

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,