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PIPE investments of private equity funds : the temptation of public equity investments to private equity firms /

Usually, private equity firms take control of firms which are privately held, and tend to act hidden. But, in recent years, the rising phenomenon of private investments in publicly listed companies, so-called PIPEs, could be observed. At first, this seems to be inconsistent but, it could become a pe...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Särve, Bernhard (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Hamburg, Germany : Diplomica Verlag, 2013.
Colección:Reihe Alternative Investment ; Bd. 3.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • PIPE Investments of Private Equity Funds; Table of Contents; Table of Abbreviations and Symbols; List of Figures and Tables; Table of Appendices; 1 Introduction; 1.1 What is a PIPE?; 1.2 Research objectives; 2 Overview of existing literature about PIPEs; 2.1 General literature about PIPEs; 2.2 Literature about private equity investors in PIPEs; 3 Sample description; 4 Analysis of PIPE deals by private equity investors; 4.1 Development of the PIPE market
  • overall and for private equity; 4.2 Nature of target companies; 4.3 Nature of private equity PIPE investors.
  • 4.4 Characteristics of PIPE deals compared to traditional PE deals5 Why do private equity firms invest in PIPEs?; 5.1 Fast process of due diligence and deal execution; 5.2 Improved liquidity; 5.3 Governance rights; 5.4 Access to certain markets; 5.5 Avoidance of takeover premiums; 5.6 Surplus investment money; 5.7 Overall assessment; 6 Conclusion; Appendix; Appendix A: PIPE percentage share of overall PE activity; Appendix B: Geographic distribution of PIPE deals of PE funds; Appendix C: Industry distribution of PIPE deals of PE funds.
  • Appendix D: Descriptive statistics about deal volumes in the Zephyr databaseAppendix E: Development of key financial indicators; Appendix F: Investment focus of PE funds; Appendix G: Distribution of fund sizes; Appendix H: Acquired ownership in PIPE deals; Appendix I: Analysis of private equity investment rounds; Appendix J: Analysis of performance and holding periods; Appendix K: Correlation matrix for quarterly PIPE deal activity; Appendix L: The 20 most active PIPE investors; Bibliography.