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Dokumenttyp:
Misc 
Autor(en):
Achleitner, A.K.; Bauer, O.; Figge, C.; Lutz, E. 
Nicht-TUM Koautoren:
ja 
Kooperation:
national 
Titel:
Exit of Last Resort? Empirical Evidence on the Returns and Drivers of Secondary Buyouts as Private Equity Exit Channel 
Abstract:
Despite an increasing importance of secondary buyouts in the private equity market, little is known about the perspective of the seller and his motives for choosing this exit type. Do private equity firms have a clear pecking order regarding the exit channels for their portfolio companies? Is a secondary buyout only an ’exit of last resort’? And furthermore, have company or market related factors an influence on the decision to pursue a secondary buyout? This article’s aim is to answer these res...    »
 
Stichworte:
No pecking order of exit types; secondaries as attractive as IPOs; investments with higher lending capacity more likely to be secondaries; liquidity increases secondaries 
Intellectual Contribution:
Discipline-based Research 
Jahr:
2012 
Key publication:
Nein 
International:
Ja 
commissioned:
not commissioned