Front cover image for Private equity demystified : an explanatory guide

Private equity demystified : an explanatory guide

John Gilligan (Author), Mike Wright (Author)
"This book deals with risk capital provided for established firms outside the stock market, private equity, which has grown rapidly over the last three decades, yet is largely poorly understood. Although it has often been criticized in the public mind as being short termist and having adverse consequences for employment, in reality this is far from the case. Here, John Gilligan and Mike Wright dispel some of the biggest myths and misconceptions about private equity. The book provides a unique and authoritative source from a leading practitioner and academic for practitioners, policymakers, and researchers that explains in detail what private equity involves and reviews systematic evidence of what the impact of private equity has been. Written in a highly accessible style, the book takes the reader through what private equity means, the different actors involved, and issues concerning sourcing, checking out, valuing, and structuring deals. The various themes from the systematic academic evidence are highlighted in numerous summary vignettes placed alongside the text that discuss the practical aspects. The main part of the work concludes with an up-to-date discussion by the authors, informed commentators on the key issues in the lively debate about private equity. The book further contains summary tables of the academic research carried out over the past three decades across the private equity landscape including: the returns to investors, economic performance, impact on R&D and employees, and the longevity and life-cycle of private equity backed deals."
Print Book, English, 2020
Fourth edition View all formats and editions
Oxford University Press, Oxford, 2020
xxx, 401 pages : illustrations (chiefly color) ; 26 cm
9780198866961, 9780198866992, 0198866968, 0198866992
1197812118
Preface to the Fourth Edition1: The Private Equity Market2: The Private Equity Fund3: Measuring Private Equity Performance4: Doing a Deal: The Process of a Private Equity Transaction5: Financial Markets, Financial Instruments, and Financial Engineering6: A Detailed Worked Example of a Leveraged Buyout7: The Private Equity Critics and the ResearchAppendix 1: Detailed Data AppendicesAppendix 2: Summaries of Peer-Reviewed Studies of Buyouts and Private EquityBibliographyGlossary