Adding Value in Private Equity [Paperback]Lessons from Mature and Emerging Marketsby Erik Cruikshank
Usually ships within 3 to 5 working days Description of Adding Value in Private Equity"Adding Value in Private Equity: Lessons from Mature and Emerging Markets" has been written by Eric D Cruikshank, a former manager at the International Finance Corporation (IFC), who shares his experience of overseeing decades of private investment in both mature and emerging markets. This practical guide is your key to understanding the events and strategies which can add or undermine value in private companies throughout the investment period and exit. It is essential reading for private equity investors: owner entrepreneurs, managers, specialist PE investors, their advisors, and consultants.People who bought this book also boughtTitle Information
Write a review of this book Customer Reviews from AmazonAbout Erik CruikshankEric D. Cruikshank is an economist and finance specialist with 35 years of professional experience in more than 40 countries. He is currently the chief executive officer of EDC Merchant Banking Advisors, a position he has held since retiring from the World Bank Group in 2005.At the International Finance Corporation (IFC) he was most recently Chief, Special Operations in which capacity he spearheaded a highly successful and profitable program of �managed exits� from a large number of IFC�s older private equity investments. Prior to that, other positions he held in IFC, involving inter alia various aspects of private equity investing, were regional manager, manager of portfolio operations and credit review, and principal investment officer. He also served as IFC�s nominee on several company boards. Before joining IFC, he served as a World Bank loan officer, senior economist and deputy resident representative. He was a Canadian International Development Agency (CIDA) advisor in several countries and an executive project director for an energy and water resource team in Nepal. During the earlier part of his career Mr. Cruikshank was a senior consultant in a global managing consulting firm for four years, a senior securities analyst at a stockbrokerage firm and member of a CIDA-sponsored advisory team helping the government of Kenya write its fourth five-year economic plan. Mr Cruikshank holds a BA in economics from Mount Allison University and an MBA and MA in Economics from York University. Contents of Adding Value in Private EquityTable of ContentsForeword Preface Acknowledgements Author biographies Introduction Purpose of the book The nature of value in private equity Scope of the book Structure of the book Key themes Part I The nature of private equity 1 The stages and types of private equity financing Stages of financing in private equity The special case of start-up risk Types of private equity 2 Organisational forms Introduction Hedge funds Business development companies Market organisation and models Private equity and hedge fund convergence Part II Value and valuation in private equity 3 Necessary adjustments to the market-based theory of finance Shortening horizons Expected value framework 4 The concept of value Classifying types of value Premises of value Measuring additional value Value 'worlds' Increasing a company's value New value paradigms 5 Valuation models: The general tools Introduction Intrinsic value Extrinsic value (using relatives) Acquisition value Contingent value and the value of flexibility Contingencies and real options Decision/event trees Conclusion 6 Valuation in private equity and special situations Private equity Emerging markets Banks and financial institutions Technology/new economy sectors Part III Globalisation and value addition in a strategic context 7 Globalisation, strategy and management The need to think globally Strategy formulation and review in a global context Strategy execution Logistics and supply chain management Part IV Pre-investment value addition: Managing risk and uncertainty 8 Goals, screening, due diligence, timing and phasing Goals Screening Due diligence Managing risk by timing investment Managing risk by controlling disbursement (phasing) 9 Deal structuring Introduction Elements of a deal Structuring a new venture Structuring a leveraged buyout Conclusion Part V Post-investment value addition 10 Portfolio supervision Monitoring for opportunities and threats Functional areas for value addition Operational risk management Recommended private equity portfolio practices 11 Corporate governance Privately held versus publicly held companies The changing business environment Corporate governance and control Duties and responsibilities of board directors Rendering advice Board committees Caveats 12 The exit Introduction Going public Selling (transferring ownership) to family members Selling to employees Selling the company to another company Finding a new investor Liquidation Implementing exit strategies Part VI A value-addition framework 13 An expected value framework Introduction Scenario writing Contextual mapping Monte Carlo simulation Rate of return rankings and decision rules Conclusion Bibliography |
Related Categories
Popular Titles Recently Viewed
|
Shopping basket
