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Private equity financerise and repercussions /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Private equity financeJamie Morgan.
Reminder of title:	rise and repercussions /
Author:	Morgan, Jamie,
Published:	Basingstoke [England] ;Palgrave Macmillan,c2009.
Description:	viii, 309 p. ;23 cm.
Subject:	Private equityUnited States.
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230594876

Private equity financerise and repercussions /
Morgan, Jamie,1969-

Private equity financerise and repercussions /[electronic resource] :Jamie Morgan. - Basingstoke [England] ;Palgrave Macmillan,c2009. - viii, 309 p. ;23 cm.

Includes bibliographical references (p. 290-302) and index.

The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts -- Constraints on the Growth of Private Equity Finance: The Emergence of Private EquityFinance in the UK and its Recovery in the US -- The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of theCollapse of the dot.com boom -- PEF Buyouts in the Twenty First Century: Liquidity and the Credit Crunch -- The Role of Fees and Gearing in Leveraged Buyouts -- Theories of Leveraged Buyouts and Theories of Market Instability -- The EmpiricalArguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax -- Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value.

In 2007 private equity finance became a major issue of public concern in the UK. The failed bid to buy J. Sainsbury and the successful bid to buy Alliance Boots highlighted that private equity finance had reached a new level in its purchasing power. The controversy regarding private equity finance split into two lines of argument: were they benevolent entrepreneurs or predatory asset strippers? This book traces the historical rise of private equity finance in the US and UK over the last 40years. It shows how this new industry has grown as credit markets haveevolved. It provides a clear account of how a buyout works, of how buyouts have been theorized, and of the various empirical claims made for private equity finance. Looking at private equity in terms of its overall context of development provides an opportunity to ask a series of questions. Is private equity finance a claimed solution to problems it helps to create? Is it a claimed solution that creates new, unnecessary, problems? Does it create moral issues of entitlement?

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2009.

Mode of access:World Wide Web.

ISBN: 9780230594876

Standard No.: 10.1057/9780230594876doiSubjects--Topical Terms:

460168
Private equity
--United States.Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HG4751 / .M74 2009eb

Dewey Class. No.: 658.15/224

Private equity financerise and repercussions /
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300 $a viii, 309 p. ; $c 23 cm.
504 $a Includes bibliographical references (p. 290-302) and index.
505 0 $a The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts -- Constraints on the Growth of Private Equity Finance: The Emergence of Private EquityFinance in the UK and its Recovery in the US -- The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of theCollapse of the dot.com boom -- PEF Buyouts in the Twenty First Century: Liquidity and the Credit Crunch -- The Role of Fees and Gearing in Leveraged Buyouts -- Theories of Leveraged Buyouts and Theories of Market Instability -- The EmpiricalArguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax -- Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value.
520 $a In 2007 private equity finance became a major issue of public concern in the UK. The failed bid to buy J. Sainsbury and the successful bid to buy Alliance Boots highlighted that private equity finance had reached a new level in its purchasing power. The controversy regarding private equity finance split into two lines of argument: were they benevolent entrepreneurs or predatory asset strippers? This book traces the historical rise of private equity finance in the US and UK over the last 40years. It shows how this new industry has grown as credit markets haveevolved. It provides a clear account of how a buyout works, of how buyouts have been theorized, and of the various empirical claims made for private equity finance. Looking at private equity in terms of its overall context of development provides an opportunity to ask a series of questions. Is private equity finance a claimed solution to problems it helps to create? Is it a claimed solution that creates new, unnecessary, problems? Does it create moral issues of entitlement?
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2009. $n Mode of access:World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on Mar. 3, 2009). $n Access may berestricted to users at subscribing institutions.
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856 4 0 $3 Palgrave Connect $u https://link.springer.com/book/10.1057/9780230594876 $z access to fulltext (Palgrave)