This book deals with risk capital provided for established firms outside the stock market,
private equity, which has grown rapidly over the last three decades, yet is largely poorly …

We investigate the valuation effects of German firms targeted by hedge funds and by private
equity investors. We argue that both types of investors differ from other blockholders by their …

Foreword The empirical research contained in this book is unique. Daniel Pindur has put
together a database of successful LBO transactions in the European market from 1993 to …

This paper provides an exhaustive literature review of the motives for public-to-private LBO
transactions. First, the paper develops the theoretical framework for the potential sources of …

In recent years the number of going private transactions has considerably increased in
emerging markets. The purpose of this study is to define the financial characteristics of …

This study examines various features of leveraged public-to-private institutional buyouts in
Europe that occurred between 1998 and 2016. We find significant excess returns of about …

Die vorliegende Arbeit wurde im Dezember 2009 an der Universität Ulm als Disser-
tionsschrift angenommen. Ich möchte mich an dieser Stelle bei allen bedanken, die mich bei …

This paper provides an exhaustive literature review of the motives for public-to-private LBO
transactions. First, the paper develops the theoretical framework for the potential sources of …

In this paper we analyze the response of stock returns to announcements of squeeze-outs
on the German stock market from 2002-2003. In 2002 a squeeze-out right was incorporated …

This article analyzes leveraged buyouts and public-to-private (PTP) transactions. It studies
the literature and data on announcement returns for public-to-private transactions and …