Progress-Driven Entrepreneurs, Private Equity Finance and Regulatory Issues

Contents......Page 6
List of Exhibits and Boxes......Page 8
Foreword......Page 9
Preface......Page 13
Acknowledgements......Page 14
Notes on the Contributors......Page 15
Part 1 Entrepreneurs Overcoming Challenges......Page 18
1 Case Studies......Page 20
Case A: Sustainable energy technologies......Page 22
Case B: Lending to the enterprising poor......Page 33
Case C: Migration and community revitalization......Page 44
Interpreting the quintessence of entrepreneurship......Page 52
Size of business, entrepreneurship and growth......Page 57
Defining benefits......Page 63
Entrepreneurs and market dynamics......Page 65
Part 2 Financiers as Business Developers......Page 74
Sources of entrepreneurial capital......Page 76
Principles and practices......Page 87
The PE process and savvy decisions......Page 96
'Controlling' versus 'minority' interests......Page 100
Club deals......Page 103
Managing acquired companies......Page 105
Negotiation or auction: technical and psychological skills......Page 109
Capital and tax structures......Page 115
4 Transaction Channels and Regulatory Issues......Page 123
Stock exchanges......Page 124
Inter-fund and trade transactions......Page 126
Securitization of PE portfolios......Page 128
Challenges of PE securitization......Page 132
Hedge funds and private equity......Page 134
Whither PE performance?......Page 136
Private versus publicly-listed companies......Page 138
Success profiles......Page 147
Revenues and compensations......Page 150
Sharing gains among stakeholders: an elusive equilibrium?......Page 155
Part 3 Investment Dynamics......Page 162
The great capitalistic washing machine......Page 164
The long-term capital virtuous circle......Page 165
Private equity and wealth creation......Page 167
Sand in the virtuous cycle......Page 168
Private equity in the subprime whirlwind (Summer 2007)......Page 171
The 2008 credit crunch and beyond......Page 177
The recycler is not broken, so don't fix it!......Page 178
7 A Concluding Reflection......Page 180
A......Page 186
B......Page 187
C......Page 188
D......Page 191
E......Page 192
F......Page 194
G......Page 195
H......Page 196
I......Page 197
L......Page 199
M......Page 200
O......Page 202
P......Page 203
R......Page 206
S......Page 207
T......Page 209
U......Page 210
W......Page 211
Z......Page 212