The Oxford Handbook of Private Equity
Oxford Handbooks Series

The term private equity typically includes investments in venture capital or growth investment, as well as late stage, mezzanine, turnaround (distressed) and buyout investments. It typically refers to the asset class of equity securities in companies that are not publicly traded on a stock exchange. However, private equity funds do in fact make investments in publicly held companies. Chapters in this book cover such public investments. The Handbook provides a comprehensive picture of the issues surrounding the structure, governance, and performance of private equity. It comprises contributions from 41 authors based in 14 different countries. The book is organized into eight parts, the first of which introduces the issues, explains the organization of the handbook and briefly summarizes the contributions made by the authors in each of the chapters. Part II covers the topics pertaining to the structure of private equity funds. Part III deals with the performance and governance of leveraged buyouts. Part IV analyzes club deals in private equity, otherwise referred to as syndicated investments with multiple investors per investees. Part V provides analyses of the real effects of private equity. Part VI considers the financial effects of private equity. Part VII provides analyzes of listed private equity. Finally, Part VIII provides international perspectives on private equity.

Contents. Part I. Introduction. Chapter 1. alt,"Introduction to the Oxford University Press Handbook of Private Equityagt,". Douglas Cumming, York University Schulich School of Business. Part II. The Structure of Private Equity Funds. Chapter 2. alt,"The Private Equity Contractagt,". Steven Davidoff, University of Connecticut School of Law. Chapter 3. alt,"Direct Investments in Private Firms by Institutional Investors: Issues and Evidenceagt,". Kasper Meisner Nielsen, Hong Kong University of Science and Technology. Chapter 4. alt,"The Size and Internal Structure of Private Equityagt,". Dodo zu Knyphausen-Aufses, Technischen Universitat Berlin, Marc Koehnemann, Siegwerk Druckfarben AG, and Florian Willert, Technischen Universitat Berlin. Part III. Leveraged Buyouts: Structure, Governance and Performance. Chapter 5. alt,"Leveraged Buyouts and Public-to-Private Transactionsagt,". Luc Renneboog, Tilburg University. Chapter 6. alt,"Private Equity and Public Corporationsagt,". Jerry Cao, Singapore Management University. Chapter 7. alt,"Private Equity Governance and Financing Decisionsagt,". Simona Zambelli, University of Bologna. Part IV. Private Equity Syndication. Chapter 8. alt,"Syndicate Partner Selection: Who Syndicates with Whom?agt,". Peter Roosenboom, Erasmus University Rotterdam School of Management, and Bram van den Bosch, Erasmus University Rotterdam School of Management. Chapter 9. alt,"Industry Concentration, Syndication Networks and Competition in the UK Private Equity Market for Management Buyoutsagt,". Miguel Meuleman, Vlerick Leuven Gent Management School, Mike Wright, Nottingham Business School. Chapter 10. alt,"A Competition Law Analysis of Private Equity 'Club Deals'agt,". Faysal Barrachdi, Houthoff Buruma N.V., Amsterdam. Part V. Real Effects of Private Equity. Chapter 11. alt,"The Real Effects of Private Equity Buyoutsagt,". Joacim Tag, Research Institute of Industrial Economics, Stockholm. Chapter 12. alt,"Buyouts in Western European Countries: The Impact on Company Growth and Innovationagt,". Elisa Ughetto, Politechnico de Torino. Chapter 13. alt,"The Limits of Private Equity: Evidence from Denmarkagt,". Thomas Poulsen, Copenhagen Business School, and Steen Thomsen, Copenhagen Business School. Part VI. Financial Effects of Private Equity. Chapter 14. alt,"Private Equity: Value Creation and Performanceagt,". Christian Graf, Technische Universitat Munchen, Christoph Kaserer, Technische Universitat Munchen, and Daniel Schmidt, Center of Private Equity Research (CEPRES) Munich. Chapter 15. alt,"Do Private Equity Fund-of-Fund Managers Provide Value?agt,". April Knill, Florida State University. Chapter 16. alt,"Fund Size, Limited Attention, and Valuation of Venture Capital and Private Equity Backed Firmsagt,". Douglas Cumming, Schulich School of Business, York University, and Na Dai, SUNY Albany. Chapter 17. alt,"Private Equity Investors, Corporate Governance and Performance of IPO Firmsagt,". Igor Filatotchev, Cass Business School, City University London. Chapter 18. alt,"The Role of Private Equity in Private Acquisitionsagt,". Halit Gonenc, University of Groningen, and Koos Leisink, ABN AMRO Corporate Finance aamp, Capital, Amsterdam. Chapter 19. alt,"Private Equity Activism an