1.

Record Nr.

UNINA9910743283103321

Titolo

Les étudiants disparus d'Ayotzinapa : Mobilisations et émotions

Pubbl/distr/stampa

Aubervilliers, : Éditions de l'IHEAL, 2023

ISBN

2-37154-173-7

Descrizione fisica

1 online resource (150 p.)

Collana

Chrysalides

Soggetti

Anthropology

Violence in society

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

Le 26 septembre 2014, 43 étudiants de l'école normale rurale Raúl Isidro Burgos, communément appelée Ayotzinapa du nom de la localité où elle se trouve, sont portés disparus suite à une attaque à main armée de la police. Quelques jours après cet acte répressif, les Mexicains descendent en masse dans les rues pour réclamer la réapparition en vie des étudiants et exprimer leur douleur, leur colère et leur envie de changement. Ayotzinapa devient l'emblème du mal-être général de tout un pays. De l'indignation face à la répression à la fatigue émotionnelle après plusieurs mois de mobilisation, en passant par la joie et l'espoir qu'apporte une lutte commune, les manifestants sont traversés par des émotions multiples qu'il est nécessaire d'analyser pour comprendre leur engagement. En s'appuyant sur une étude de terrain de plusieurs mois au cœur du mouvement étudiant de la capitale mexicaine, Margot Achard souligne la complexité et l'importance du rôle des émotions dans la formation, le maintien et la baisse de la mobilisation.



2.

Record Nr.

UNINA9910961463803321

Autore

Demaria Cyril

Titolo

Introduction to private equity : venture, growth, LBO & turn-around capital / / Cyril Demaria

Pubbl/distr/stampa

Chichester, West Sussex, U.K., : Wiley, c2013

ISBN

9781118571897

1118571894

9781118700525

111870052X

Edizione

[2nd ed.]

Descrizione fisica

1 online resource (xvi, 392 p.) : ill. (some col.), graphs

Collana

Wiley Finance

Disciplina

332.6

Soggetti

Private equity

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Intro -- Introduction to Private Equity -- Contents -- Foreword to the Second Edition -- Acknowledgements -- About the Author -- Introduction -- 0.1 A Moving Target -- 0.2 A Consubstantial Lack of Information -- 0.3 Benign Neglect, Malign Consequences -- 0.4 Knowing the Devil to Circumvent it -- PART I WHAT IS PRIVATE EQUITY? -- 1 Private Equity as an Economic Driver: An Historical Perspective -- 1.1 Pooling Interests to Identify and Exploit Sources of Wealth -- 1.1.1 Identify, Control and Exploit Resources -- 1.1.2 Leverage Public Policies and a Favourable Business Environment -- 1.2 Championing Entrepreneurship -- 1.2.1 No Private Equity without Entrepreneurs -- 1.2.2 Convert Ventures into Business Successes -- 1.2.3 Entrepreneurship and Private Equity Form a Specific Ecosystem -- 1.3 Conclusion: An Attempt at Definition -- 1.3.1 A Negotiated Investment in Equity or Quasi-Equity -- 1.3.2 A Fixed Maximum Term -- 1.3.3 Implying Specific Risks -- 1.3.4 With High Expected Returns -- 1.3.5 Undertaken on Behalf of Qualified Investors -- 1.3.6 To Support Entrepreneurs -- 2 Modern Private Equity - A French Invention? -- 2.1 USA: The Foundry of Modern Private Equity -- 2.1.1 The Strict Separation of Public Policies and Public Financing -- 2.1.2 The Separation of Public Endeavours and Private Efforts -- the Subsequent Support of the Former for the Latter -- 2.1.3 Governmental Input: SBA,



DARPA and ERISA -- 2.1.4 Universities, Defence and Disruptive Innovation -- 2.1.5 Challenges -- 2.2 Europe: Adapting a Successful Model or Creating its Own? -- 2.2.1 Governmental Input: Legal Changes, Tax Rebates, Infrastructures and Pan-EU Market -- 2.2.2 National Champions, Information Technologies and Incremental Innovation -- 2.2.3 Challenges -- 2.3 Conclusion: Emerging Markets, Building Castles on Sand? -- PART II THE PRIVATE EQUITY ECOSYSTEM.

3 Private Equity: A Business System Perspective -- 3.1 We Are All Investors in Private Equity -- 3.1.1 Sources of Capital -- 3.1.2 Private Equity Investment Rationale -- 3.2 Organisation and Governance of Private Equity Funds -- 3.2.1 Private Equity Fund Managers are Financial Intermediaries -- 3.2.2 Incentives and Fees -- 3.2.3 Conflicts of Interest -- 3.2.4 Power, Checks and Balances -- 3.3 Measuring Performance, Managing Risks and Optimising Returns -- 3.3.1 Measuring Performance in an Uncertain Context -- 3.3.2 Managing Risks and Optimising Returns -- 3.4 Pitfalls and Challenges -- 3.5 Conclusion -- 4 The Universe of Investment -- 4.1 Venture Capital: Financing Company Creation -- 4.1.1 Venture Capital Investment Targets -- 4.1.2 Actors and Structures -- 4.1.3 Operational Activities -- 4.1.4 Challenges -- 4.1.5 Limits -- 4.2 Growth Capital: Financing Companies' Expansion -- 4.2.1 Growth Capital Investment Targets -- 4.2.2 Actors and Structures -- 4.2.3 Operational Activities -- 4.2.4 Challenges -- 4.2.5 Limits -- 4.3 Leveraged Buy-Out: Financing Companies' Transmissions -- 4.3.1 LBO Investment Targets -- 4.3.2 Actors -- 4.3.3 Operational Activities -- 4.3.4 Challenges and Limits -- 4.4 Other Interventions in Private Equity -- 4.4.1 Funds of Funds -- 4.4.2 Targeting the Stock Exchange -- 4.4.3 Special Situations: Turn-Around Capital and Distressed Debt -- 4.4.4 Quasi-Equity Instruments (Mezzanine) and Second Lien Debt -- 4.4.5 Merchant Banking, Investment Banking and Private Equity House Intervention -- 4.4.6 Secondary Market -- 4.4.7 Real Estate, Infrastructure and Exotic Assets -- 4.5 Conclusion -- 4.5.1 Private Equity is a Financing Solution Designed for a Specific Need -- 4.5.2 Venture and Growth Capital -- 4.5.3 Leveraged Buy-Out -- 5 The Process of Investment: A Matter of Trust and Mutual Interest -- 5.1 Step 1: Preliminary Analysis.

5.2 Step 2: Valuation -- 5.3 Step 3: Negotiating -- 5.4 Step 4: Structuring -- 5.5 Step 5: Complementary Due Diligence -- 5.6 Step 6: Transaction -- 5.7 Step 7: Monitoring and Exit -- 5.8 Conclusion -- PART III PRIVATE EQUITY IN TEENAGE TIME: TREND SETTING, FADS AND RESPONSIBILITIES -- 6 Private Equity Evolution: Trends or Buzzes? -- 6.1 Is Private Equity Going Mainstream? -- 6.2 Is Private Equity (Still) Creating Value? -- 6.3 Private Equity: Between Bubbles and Crashes -- 6.4 Conclusion -- 6.4.1 There is No Such Thing as 'Capital Overhang' -- 6.4.2 Elements of Analysis -- 6.4.3 From 'Capital Overhang' to 'Dry Powder' -- 7 Private Equity and Ethics: A Culture Clash -- 7.1 Greed -- 7.2 Destruction -- 7.3 Philanthropy -- 7.4 Transparency -- 7.5 Self-Regulation or Imposed Regulation? -- 7.6 Conclusion -- 8 General Conclusion - Private Equity Today and Tomorrow -- 8.1 Fewer General Partners, but not Necessarily Better Ones -- 8.2 Core Target: Manage the Volatility of Performance -- 8.3 The Only Valid Leitmotiv: Long-Term Thinking -- 8.4 The Impact of Fair Market Value -- 8.5 A Long-Term Trend: The Attractiveness of Private Equity -- 8.6 Private Equity: Future Victim of its Own Success? -- 8.7 The Impact of a Better Knowledge of Private Equity -- 8.7.1 Understanding the Risk and Managing the J-Curve -- 8.7.2 Innovating through Structuring -- 8.7.3 The Temptation of Co-Investments -- 8.7.4 Change or Die: The Pressure on General Partners -- 8.7.5 Regulation: Damocles' Sword Looming over Private Equity -- Template 1 (Fund) -- Architecture of



the Private Placement Memorandum of a Private Equity Fund -- Template 2 (Fund) -- Structure of a Limited Partnership Agreement -- Template 3 (Fund) -- Due Diligence Checklist -- Template 4 (Fund) -- Quarterly Report Template -- Template 5 (Company) -- Non-Disclosure Agreement -- Template 6 (Company) -- Business Plan.

Template 7 (Company) -- Term-Sheet -- Business Case: Kroton Educacional SA - A Private Equity Operation Can Hide Another One -- Exhibits -- Glossary -- Bibliography -- Index.

Sommario/riassunto

This second edition of Introduction to Private Equity is more than an update, it reflects the dramatic changes which have affected an industry which is evolving rapidly, internationalizing and maturing fast. What is recognized as a critical yet grounded guide to the private equity industry blends academic rigour with practical experience. It provides a clear, synthetic and critical perspective of the industry from a professional who has worked at many levels within the industry; including insurance, funds of funds, funds and portfolio companies. The book approaches the private equity sector top-down, to provide a sense of its evolution and how the current situation has been built. It then details the interrelations between investors, funds, fund managers and entrepreneurs. At this point, the perspective shifts to bottom-up, how a private business is valued, how transactions are processed and the due diligence issues to consider before moving ahead. Introduction to Private Equity, Second Edition covers the private equity industry as a whole, putting its recent developments (such as secondary markets, crowdfunding, venture capital in emerging markets) into perspective. The book covers its organization, governance and function, then details the various segments within the industry, including Leveraged Buy-Outs, Venture Capital, Mezzanine Financing, Growth Capital, Distressed Debt, Turn-Around Capital, Funds of Funds and beyond. Finally, it offers a framework to anticipate and understand its future developments. This book provides a balanced perspective on the corporate governance challenges affecting the industry and draws perspectives on the evolution of the sector, following a major crisis.