This paper investigates whether private equity (PE)-backed acquirers have a “parenting advantage” in the mergers & acquisitions (M&A) market. We employ a sample of 788 PE-backed firms and a carefully matched control group of 6,652 non-PE backed peers, for which we observe the entire...

We study the impact of PE firm and buyout characteristics on default probability employing a Cox proportional hazards model to a global sample of 5,093 buyouts between 1997 and 2012. Our results indicate that investments of generalists have lower default probability than those of specialists....

This paper investigates whether buy-and-build strategies (B&B) can explain cross-sectional variation in holding periods. I model the B&B effect in a survival-analysis framework and present results from several treatment-effect estimators. I find that B&B strategies increase holding periods by up...