What are the most effective factors of value creation in LBO transactions: corporate governance vs leverage effect? case study : EQT

• Autor(a) principal: Audin, Jean-Richard
• Data de Publicação: 2017
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/28423
• topic: Value creation; Leveraged buy-out; Private equity; Corporate governance; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The purpose of this project work is to identify the most effective factor of value creation, between implementing a good corporate governance structure and setting up leveraged transaction structures. With the help of internal documents obtained from EQT, we have challenged some theoretical aspects to the E.On Energy from Waste case, one of the most successful deal in Europe. The data available supports the view that the maximize return will be achieved using both factors of value creation considered in this work project, acknowledging nevertheless that most of value creation is coming from long term and sustainable growth.