Private equity and venture capital: theory, evolution and valuation
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer
[2022]
|
| Schriftenreihe: | Contributions to finance and accounting
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | viii, 92 Seiten Illustrationen, Diagramme |
| ISBN: | 9783031076299 |
| ISSN: | 2730-6038 |
Internformat
MARC
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| 245 | 1 | 0 | |a Private equity and venture capital |b theory, evolution and valuation |c Serena Gallo, Vincenzo Verdoliva |
| 264 | 1 | |a Cham |b Springer |c [2022] | |
| 300 | |a viii, 92 Seiten |b Illustrationen, Diagramme | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Contributions to finance and accounting |x 2730-6038 | |
| 650 | 4 | |a Entrepreneurial Finance | |
| 650 | 4 | |a Investment Appraisal | |
| 650 | 4 | |a Capital Markets | |
| 650 | 4 | |a Corporate Finance | |
| 650 | 4 | |a Financial Services | |
| 650 | 4 | |a New business enterprises—Finance | |
| 650 | 4 | |a Valuation | |
| 650 | 4 | |a Capital market | |
| 650 | 4 | |a Business enterprises—Finance | |
| 650 | 4 | |a Financial services industry | |
| 700 | 1 | |a Verdoliva, Vincenzo |0 (DE-588)1267947063 |4 aut | |
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Datensatz im Suchindex
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| adam_text | Contents 1 Theoretical Background................................................................................ 1.1 Introduction............................................................................................. 1.2 Private Equity and Venture Capital: A Brief Summary of Their History............................................................................................ 1 1.2.1 The Defining Aspects of Private Equity and Venture Capital......................................................................................... 1.3 How Do the Private Equity and Venture Capital Industry Work?.. . 1.3.1 The Private Equity Business Model.......................................... 1.3.2 Venture Capital Business Model............................................... 1.4 Differences Between Private Equity and Venture Capital and Alternative Forms of Financing............................................................. 1.5 Typologies of Private Equity Investors................................................. References......................................................................................................... 2 Start-Up, Expansion and Buy-Out Financing............................................ 2.1 Introduction............................................................................................. 2.2 Pre-financing: Business Angels, Incubators andCrowdfunding.... 2.2.1 Business Angels.......................................................................... 2.2.2
Incubators.................................................................................... 2.2.3 Crowdfunding................................................................... 2.3 Early-Stage Financing............................................................................ 2.3.1 Seed Financing........................................................... 2.3.2 Start-Up Financing...................................................................... 2.3.3 Early-Growth Financing................. ............................................ 2.4 Expansion Financing.............................................................................. 2.4.1 How Does Private Equity Work for Internal and External Growth?...................................................................................... 2.4.2 Advantages and Disadvantages for Companies....................... 1 1 3 5 6 9 10 16 19 21 21 24 24 27 30 33 35 36 37 38 40 41 vii
viii Contents Replacement and Buy-OutFinancing..................................................... 2.5.1 Leveraged Buy-Out................................................................... References......................................................................................................... 2.5 3 4 A Snapshot of Private Equity and Venture Capital Industry: Pre- and Post-crisis.................................................................................. 47 3.1 Introduction.............................................................................................. 3.2 The Development of the Private Equity and Venture Capital Market: Growth, Crisis and Decline During the Global Financial Crisis........................................................................................................ 3.3 The Role of Private Equity and Venture Capital During the Pre-Coronavirus Pandemic..................................................... 51 3.3.1 The Role of Private Equity and Venture Capital During the Coronavirus Pandemic: The Uncertainty of the Future......... ................................................................................. 3.4 Fundraising Trend in USA and Europe: A Comparison...................... 3.5 Investment Process: Scouting, Closing and Volume............................ 3.5.1 Scouting of the Target Company: The Identification of the Best Investment Opportunity.............................. 65 3.5.2 The Investment Decision and Closing...................................... 3.6 Divestment: Volume and Modality of Way-
out................................... 3.6.1 Modality of Way-out: Trade Sale.............................................. 3.6.2 Modality of Way-out:IPO......................................................... 3.6.3 Modality of Way-out: Buyback and Sale to Other Private Equity and Venture Capital Investors........................... 73 3.6.4 Write-off of the Stake................................................................ References......................................................................................................... Highlights of Private Equity and Venture Capital Valuation................ 4.1 Introduction to Private Equity and Venture Capital Valuation........... 4.2 Valuation in Private Equity and Venture Capital: Techniques and Issues....................................................................................... 77 4.2.1 Discounted Cash Flow Valuation.............................................. 4.2.2 Valuing Cash Flows................................................................... 4.3 Weighted Average Cost of Capital (WACC)........................................ 4.4 Leverage Buy Out Valuation Models.................................................... 4.5 Case Study: A Valuation Example Using CCF and WACC............... References......................................................................................................... 42 44 46 47 48 53 56 61 68 69 71 72 74 74 75 75 78 79 86 88 89 91
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| adam_txt |
Contents 1 Theoretical Background. 1.1 Introduction. 1.2 Private Equity and Venture Capital: A Brief Summary of Their History. 1 1.2.1 The Defining Aspects of Private Equity and Venture Capital. 1.3 How Do the Private Equity and Venture Capital Industry Work?. . 1.3.1 The Private Equity Business Model. 1.3.2 Venture Capital Business Model. 1.4 Differences Between Private Equity and Venture Capital and Alternative Forms of Financing. 1.5 Typologies of Private Equity Investors. References. 2 Start-Up, Expansion and Buy-Out Financing. 2.1 Introduction. 2.2 Pre-financing: Business Angels, Incubators andCrowdfunding. 2.2.1 Business Angels. 2.2.2
Incubators. 2.2.3 Crowdfunding. 2.3 Early-Stage Financing. 2.3.1 Seed Financing. 2.3.2 Start-Up Financing. 2.3.3 Early-Growth Financing. . 2.4 Expansion Financing. 2.4.1 How Does Private Equity Work for Internal and External Growth?. 2.4.2 Advantages and Disadvantages for Companies. 1 1 3 5 6 9 10 16 19 21 21 24 24 27 30 33 35 36 37 38 40 41 vii
viii Contents Replacement and Buy-OutFinancing. 2.5.1 Leveraged Buy-Out. References. 2.5 3 4 A Snapshot of Private Equity and Venture Capital Industry: Pre- and Post-crisis. 47 3.1 Introduction. 3.2 The Development of the Private Equity and Venture Capital Market: Growth, Crisis and Decline During the Global Financial Crisis. 3.3 The Role of Private Equity and Venture Capital During the Pre-Coronavirus Pandemic. 51 3.3.1 The Role of Private Equity and Venture Capital During the Coronavirus Pandemic: The Uncertainty of the Future. . 3.4 Fundraising Trend in USA and Europe: A Comparison. 3.5 Investment Process: Scouting, Closing and Volume. 3.5.1 Scouting of the Target Company: The Identification of the Best Investment Opportunity. 65 3.5.2 The Investment Decision and Closing. 3.6 Divestment: Volume and Modality of Way-
out. 3.6.1 Modality of Way-out: Trade Sale. 3.6.2 Modality of Way-out:IPO. 3.6.3 Modality of Way-out: Buyback and Sale to Other Private Equity and Venture Capital Investors. 73 3.6.4 Write-off of the Stake. References. Highlights of Private Equity and Venture Capital Valuation. 4.1 Introduction to Private Equity and Venture Capital Valuation. 4.2 Valuation in Private Equity and Venture Capital: Techniques and Issues. 77 4.2.1 Discounted Cash Flow Valuation. 4.2.2 Valuing Cash Flows. 4.3 Weighted Average Cost of Capital (WACC). 4.4 Leverage Buy Out Valuation Models. 4.5 Case Study: A Valuation Example Using CCF and WACC. References. 42 44 46 47 48 53 56 61 68 69 71 72 74 74 75 75 78 79 86 88 89 91 |
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| discipline | Wirtschaftswissenschaften |
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| spelling | Gallo, Serena Verfasser (DE-588)1267947004 aut Private equity and venture capital theory, evolution and valuation Serena Gallo, Vincenzo Verdoliva Cham Springer [2022] viii, 92 Seiten Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Contributions to finance and accounting 2730-6038 Entrepreneurial Finance Investment Appraisal Capital Markets Corporate Finance Financial Services New business enterprises—Finance Valuation Capital market Business enterprises—Finance Financial services industry Verdoliva, Vincenzo (DE-588)1267947063 aut Erscheint auch als Online-Ausgabe 978-3-031-07630-5 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=033767711&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
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| title | Private equity and venture capital theory, evolution and valuation |
| title_auth | Private equity and venture capital theory, evolution and valuation |
| title_exact_search | Private equity and venture capital theory, evolution and valuation |
| title_exact_search_txtP | Private equity and venture capital theory, evolution and valuation |
| title_full | Private equity and venture capital theory, evolution and valuation Serena Gallo, Vincenzo Verdoliva |
| title_fullStr | Private equity and venture capital theory, evolution and valuation Serena Gallo, Vincenzo Verdoliva |
| title_full_unstemmed | Private equity and venture capital theory, evolution and valuation Serena Gallo, Vincenzo Verdoliva |
| title_short | Private equity and venture capital |
| title_sort | private equity and venture capital theory evolution and valuation |
| title_sub | theory, evolution and valuation |
| topic | Entrepreneurial Finance Investment Appraisal Capital Markets Corporate Finance Financial Services New business enterprises—Finance Valuation Capital market Business enterprises—Finance Financial services industry |
| topic_facet | Entrepreneurial Finance Investment Appraisal Capital Markets Corporate Finance Financial Services New business enterprises—Finance Valuation Capital market Business enterprises—Finance Financial services industry |
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