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The role of private equity for firms restructuring: the going private strategy

Vincenzo Capizzi, Stefano Caselli, Renato Giovannini, Valerio Pesic
December 2012 - n°12
Jel codes: G32, G34

In this paper we consider the role of private equity for growth and restructuring processes, through the analysis of a comprehensive dataset of European going private deals during the period 1998-2007, for which we explore the post-transaction operating performance of companies gone private and potential variables that can explain this choice. We show that the presence of a private equity provider appears to positively affect long-term performance, especially when the target company is large and needs to embark on a complex restructuring process

 

 

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