As a result of economic and structural changes, the automotive supply industry has been facing significant consolidation activity over the last twenty years. The pressure to produce better equipped and less expensive automobiles has created a growing trend towards specialization and...

The current financial crisis has intensified the discussion around buyouts and the related value creation of financial investors. Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance...