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PIPE Investments of Private Equity Funds

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 perfect way to generate good returns. This book gives an overview about the PIPE market, and then focuses on the role of private equity funds. How do they invest in publicly listed firms? And what are their motivations? Is the overall performance of PIPE deals superior to those of traditional private
Year of publication:
2013
Authors: Särve, Bernhard
Publisher: Hamburg : Diplomica Verlag
Subject: Private Equity | Private equity | Investmentfonds | Investment Fund | Kapitalbeteiligung | Equity participation
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Extent:
Online-Ressource (77 p)
Series:
Type of publication: Book / Working Paper
Language: English
Notes:
Description based upon print version of record
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 theZephyr 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
ISBN: 978-3-8428-8911-8 ; 978-3-8428-3911-3 ; 978-3-8428-8911-8
Source:
ECONIS - Online Catalogue of the ZBW
Persistent link: https://www.econbiz.de/10012677415
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