Nils Hoffmann

German Buyouts Adopting a Buy and Build Strategy (eBook, PDF)

Key Characteristics, Value Creation and Success Factors

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: Gabler Verlag
• Seitenzahl: 253
• Erscheinungstermin: 29. Februar 2008
• Englisch
• ISBN-13: 9783834996343
• Artikelnr.: 37400247

Autorenporträt

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.

Inhaltsangabe

to buyouts.- Theoretical background for buy-and-build strategies.- Empirical study.- Conclusion and outlook.