Universität zu Köln

Eschenröder, Tjark Christopher Viktor (2020). Essays on Secondary Buyouts. PhD thesis, Universität zu Köln.

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Abstract

Based on an empirical analysis this dissertation contributes to find out the constellations, in which SBOs perform well. The first essay focuses on the general performance differences between PBOs and SBOs and examines in which situations SBOs may be worthwhile. The second essay explains how to engage in a successful SBO by displaying the dependency on the preceding PBO and the required action taken by the SBO investor. Lastly, the third essay analyses the risk of financial distress in PBOs and SBOs. It analyses the different risk profiles and answers the question whether SBOs are riskier than PBOs. These three essays offer a principle grid of indicators which determine the performance of SBOs.

Item Type:	Thesis (PhD thesis)
Creators:	Creators Email ORCID ORCID Put Code Eschenröder, Tjark Christopher Viktor UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-112868
Date:	30 April 2020
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Faculty of Management, Economics and Social Sciences > Business Administration > Finance > Professorship for Business Administration and Bank Management
Subjects:	Social sciences Management and auxiliary services
Uncontrolled Keywords:	Keywords Language Private Equity, SBO, Secondary Buyouts English
Date of oral exam:	30 April 2020
Referee:	Name Academic Title Hartmann-Wendels, Thomas Prof. Dr. Kempf, Alexander Prof. Dr.
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/11286