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Title: Private equity portfolio company performance during the global recession
Authors: Wilson, Nick
Wright, Mike
Siegel, Donald S.
Scholes, Louise
Issue Date: 2012
Publisher: © Elsevier B.V.
Citation: WILSON, N. ... et al., 2012. Private equity portfolio company performance during the global recession. Journal of Corporate Finance, 18 (1), pp. 193 - 205.
Abstract: We assess the recent economic and financial performance of U.K. private equity (PE) backed buyouts. Our empirical evidence, which is based on thousands of transactions, reveals that PE-backed buyouts achieved superior economic and financial performance in the period before and during the recent global recession, relative to comparable firms that did not experience such transactions. Our regression results imply positive differentials of 5–15% in productivity and approximately 3–5% in profitability for buyout firms, relative to non-buyout firms. Another key finding is that revenue and employment growth for PE- backed firms were positive during the sample period.
Description: Closed access
Version: Published
DOI: 10.1016/j.jcorpfin.2011.11.008
URI: https://dspace.lboro.ac.uk/2134/19970
Publisher Link: http://dx.doi.org/10.1016/j.jcorpfin.2011.11.008
ISSN: 0929-1199
Appears in Collections:Closed Access (Loughborough University London)

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