German Buyouts Adopting a Buy and Build Strategy
Key Characteristics, Value Creation and Success Factors
Authors: Hoffmann, Nils
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- About this book
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The number of follow-on acquisitions after the buyout of a company by a financial sponsor, so-called "buy and build strategies", has been increasing in Germany during the last years. Given that M&A transactions by strategic investors were not successful in at least half of the cases analyzed in former research studies, the question remains if and how financial sponsors manage to yield the ambitious target return of a minimum of 20% p.a. on the capital invested.
Within the frame of a case study and questionnaire-based research, Nils Hoffmann investigates the key characteristics of buy and build strategies affected by private equity investors in Germany between 1998 and 2003. The author analyzes which value drivers and management strategies financial sponsors use to generate the return targeted. Furthermore, the research presented provides evidence concerning key success factors of the most profitable buy and build strategies. - About the authors
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Dr. Nils Hoffmann promovierte bei Prof. Dr. Reinhart Schmidt am Lehrstuhl für Finanzwirtschaft und Bankbetriebslehre der Martin-Luther-Universität Halle-Wittenberg. Er ist Associate Principle bei McKinsey & Company, Inc. in Düsseldorf.
- Table of contents (5 chapters)
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Introduction
Pages 1-5
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Introduction to buyouts
Pages 6-33
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Theoretical background for buy-and-build strategies
Pages 34-107
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Empirical study
Pages 108-183
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Conclusion and outlook
Pages 184-188
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Table of contents (5 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- German Buyouts Adopting a Buy and Build Strategy
- Book Subtitle
- Key Characteristics, Value Creation and Success Factors
- Authors
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- Nils Hoffmann
- Series Title
- Hallesche Schriften zur Betriebswirtschaft
- Series Volume
- 22
- Copyright
- 2008
- Publisher
- Gabler Verlag
- Copyright Holder
- Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden
- eBook ISBN
- 978-3-8349-9634-3
- DOI
- 10.1007/978-3-8349-9634-3
- Softcover ISBN
- 978-3-8350-0698-0
- Series ISSN
- 2628-2100
- Edition Number
- 1
- Number of Pages
- XVIII, 253
- Topics
