An increasingly large share of cross-border acquisitions are undertaken by private equity-firms (PE-firms) and not by traditional multinational enterprises (MNEs). We propose a model of crossborder acquisitions in which MNEs and PE-firms compete over domestic assets. MNEs' advantage lies in...

Beteiligungsgesellschaften ("Private Equity") samt der Risikofonds ("Hedgefonds") dringen in Deutschland immer stärker vor und bestimmen einen immer gröe︢ren Teil der Wirtschaft. Einsteigen, Aussaugen, Abstossen - das ist das Programm einer Branche, welche nach der neoliberalen...

Management buy-outs (MBO) and buy-ins (MBI) represent an important succession option in family firms. They thus also provide an important deal source for private equity firms. Yet, while much attention in the private equity and buy-out market has been upon large public to private transactions,...