Introduction

Private equity frequently is associated with a leveraged buyout. The equity ownership of a public corporation is changed to equity that is not traded in a public market. There are significant financial advantages and there are also operational advantages. For example, management frequently becomes an owner of a significant amount of the equity and thus the interests of management and the owners become more convergent. Most importantly, the common stockholders can directly and effectively affect the corporate financial decisions.

The concepts of this book are important to investors interested in increasing their rates of return on their investments, without increasing their risk and to management interested in supplementing their wages with a significant share of the firm's profitability.

Harold Bierman, Jr.
Cornell University
Ithaca, NY

Contents

CHAPTER 1 The Many Virtues of Private Equity
CHAPTER 2 Valuing the Target Firm
CHAPTER 3 Structuring and Selling the Deal
CHAPTER 4 A Changed Dividend Policy
CHAPTER 5 A Changed Capital Structure
CHAPTER 6 Merchant Banking
CHAPTER 7 Operations: The Other Factor
CHAPTER 8 The Many Virtues of Going Public
CHAPTER 9 A Partial LBO: Almost Private Equity

[此贴子已经被作者于2008-7-20 1:45:12编辑过]