Private Equity Finance: Rise and Repercussions

Front Matter....Pages i-viii
Introduction....Pages 1-12
The Emergence of Private Equity Finance in the US: Leveraged Buyouts, Institutional Investment, Junk Bonds and the Thrifts....Pages 13-38
Constraints on the Growth of Private Equity Finance: The Emergence of Private Equity Finance in the UK and its Recovery in the US....Pages 39-67
The Expansion of Private Equity Finance in the UK in the Late 1990s and the US Context of the Collapse of the dot.com Boom....Pages 68-91
Private Equity Finance in the Twenty First Century: Liquidity and the Credit Crunch....Pages 92-135
The Role of Fees and Gearing in Leveraged Buyouts....Pages 136-152
Theories of Leveraged Buyouts and Theories of Market Instability....Pages 153-178
The Empirical Arguments for Specific Benefits of Private Equity: Returns to Investors, Employment, and Tax....Pages 179-207
Alliance Boots as an Illustration of the Dynamics of Private Equity: Issues of Entitlement, Governance and the Values of Value....Pages 208-232
Conclusion....Pages 233-243
Back Matter....Pages 244-309