Private Equity and Long-Run Investment
Editor’s Note: This paper comes to us from Josh Lerner, Professor of Finance at Harvard Business School; Morten Sørensen of the Finance Department at Columbia University; and Per Strömberg of the...
View ArticleTest-Driving a Hybrid Go-Shop
Editor’s Note: David Fox is a partner at Kirkland & Ellis LLP, focusing on complex mergers and acquisitions as a member of that firm's Corporate Group. This post is based on a Kirkland & Ellis...
View ArticleBuyout and Deal Protections Enjoined due to Conflicted Advisor
Editor’s Note: Theodore Mirvis is a partner in the Litigation Department at Wachtell, Lipton, Rosen & Katz. This post is based on a Wachtell Lipton firm memorandum by Mr. Mirvis, Trevor S. Norwitz,...
View ArticleDid Structured Credit Fuel the LBO Boom?
Editor’s Note: The following post comes to us from Anil Shivdasani, Professor of Finance at the University of North Carolina, and Yi Hui Wang of the Department of Finance at the Chinese University of...
View ArticleAgency Problems in Public Firms
Editor’s Note: The following post comes to us from Jesse Edgerton, an economist at the Board of Governors of the Federal Reserve in Washington, D.C. The paper and post express his views only and not...
View ArticleCorporate Governance of LBOs
Editor’s Note: The following post comes to us from Francesca Cornelli of the Department of Finance at the London Business School and Oguzhan Karakas of the Department of Finance at Boston College. In...
View ArticleThe Evolution of Capital Structure and Operating Performance after Leveraged...
Editor’s Note: The following post comes to us from Jonathan Cohn of the Department of Finance at the University of Texas at Austin; Lillian Mills, Professor of Accounting at the University of Texas at...
View ArticleDeviation from the Target Capital Structure and Acquisition Choices
Editor’s Note: The following post comes to us from Vahap Uysal of the Department of Finance at the University of Oklahoma. In the paper, Deviation from the Target Capital Structure and Acquisition...
View ArticleMergers and Acquisitions in 2012
Editor's Note: Adam Emmerich is a partner in the corporate department at Wachtell, Lipton, Rosen & Katz focusing primarily on mergers and acquisitions and securities law matters. This post is based...
View ArticlePBGC Initiates Pension Plan Termination in Leveraged Acquisition
Editor's Note: The following post comes to us from Lawrence K. Cagney, partner and chair of the Executive Compensation & Employee Benefits Group at Debevoise & Plimpton LLP, and is based on a...
View ArticleDo Managers Manipulate Earnings Prior to Management Buyouts?
Editor's Note: The following post comes to us from Yaping Mao and Luc Renneboog, both of the Department of Finance at Tilburg University. In the paper, Do Managers Manipulate Earnings Prior to...
View ArticleLeverage and Pricing in Buyouts: An Empirical Analysis
Editor's Note: This post is from Michael S. Weisbach of The Ohio State University. Ulf Axelson, Tim Jenkinson, Per Stromberg, and I have released Leverage and Pricing in Buyouts: An Empirical Analysis,...
View ArticleRecent Developments in Delaware Corporation Law
Editor's Note: This post is by Angela Priest and Eric Wilensky of Morris, Nichols, Arsht & Tunnell LLP. This post is part of the Delaware law series, which is cosponsored by the Forum and...
View ArticleLeveraged Buyouts and Private Equity
Editor's Note: This post is from Steven Kaplan of the University of Chicago. Per Stromberg and I have just completed Leveraged Buyouts and Private Equity. In the paper, we describe and present...
View ArticleLeverage and Pricing in Buyouts: An Empirical Analysis
Editor's Note: This post is by Michael S. Weisbach of Ohio State University. I recently presented my paper Leverage and Pricing in Buyouts: An Empirical Analysis, which is co-written with Ulf Axelson,...
View ArticleBroken Deals: Who’s to Blame?
Who’s to blame when a signed deal falls through? This question is especially relevant with respect to LBO buyers these days. Deals negotiated when times were good and credit was easy look much less...
View ArticleDo Buyouts (Still) Create Value?
Editor's Note: This post comes to us from Shourun Guo of Duke Energy Corporation, Edith S. Hotchkiss at Boston College, and Weihong Song at the University of Cincinnati. The leveraged buyout (LBO)...
View ArticlePrivate Equity and Long-Run Investment
Editor's Note: This paper comes to us from Josh Lerner, Professor of Finance at Harvard Business School; Morten Sørensen of the Finance Department at Columbia University; and Per Strömberg of the...
View ArticleAcquisition Financing 2015: the Year Behind and the Year Ahead
Editor's Note: The following post comes to us from Eric M. Rosof, partner focusing on financing for corporate transactions at Wachtell, Lipton, Rosen & Katz, and is based on a Wachtell Lipton...
View ArticlePrivate Equity Portfolio Company Fees
Posted by Ludovic Phalippou, Saïd Business School, University of Oxford, on Wednesday, January 13, 2016 Editor's Note: Ludovic Phalippou is an Associate Professor of Finance at Saïd Business School,...
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