Private Equity and Venture Capital in Europe

Private Equity and Venture Capital in Europe
Author: Stefano Caselli,Giulia Negri
Publsiher: Academic Press
Total Pages: 350
Release: 2018-01-04
ISBN 10: 0128122552
ISBN 13: 9780128122556
Language: EN, FR, DE, ES & NL

Private Equity and Venture Capital in Europe Book Review:

Global financial markets might seem as if they increasingly resemble each other, but a lot of peculiar aspects qualify different markets with different levels of development. Private equity investors can take advantage of these variations. Structured to provide a taxonomy of the business, Private Equity and Venture Capital in Europe, Second Edition, introduces private equity and venture capital markets while presenting new information about the core of private equity: secondary markets, private debt, PPP within private equity, crowdfunding, venture philanthropy, impact investing, and more. Every chapter has been updated, and new data, cases, examples, sections, and chapters illuminate elements unique to the European model. With the help of new pedagogical materials, this Second Edition provides marketable insights about valuation and deal-making not available elsewhere. Covers new regulations and legal frameworks (in Europe and the US) described by data and tax rates Features overhauled and expanded pedagogical supplements to increase the versatility of the Second Edition Focuses on Europe Includes balanced presentations throughout the book

Venture Capital in Europe

Venture Capital in Europe
Author: Greg N. Gregoriou,Maher Kooli,Roman Kraeussl
Publsiher: Elsevier
Total Pages: 432
Release: 2011-04-01
ISBN 10: 0080466079
ISBN 13: 9780080466071
Language: EN, FR, DE, ES & NL

Venture Capital in Europe Book Review:

Until recently, only the United States had an active venture capital market. This is changing rapidly, as many other countries have experienced rapid growth in venture capital financing over the past five years. This book contains new scientific articles showcasing the latest research on venture capital in Europe. Venture capital investment remains a hot topic with portfolio managers, individual investors, academics worldwide. This book examines in detail all the major issues regarding venture capital investment: contracting, financing, regulation, valuation, etc. and identifies new trends in the venture capital arena. Features a foreword by Josh Lerner. *The only book in which academics from around the world present the latest research on venture capital in Europe *Covers all of Europe as well as including overview papers about venture capital industry, public and private venture capital, valuation, financing, contracting, structuring, regulation, etc. *Comprehensive, authoritative coverage

Venture Capital and the European Biotechnology Industry

Venture Capital and the European Biotechnology Industry
Author: W. Bains
Publsiher: Springer
Total Pages: 220
Release: 2008-11-20
ISBN 10: 0230227260
ISBN 13: 9780230227262
Language: EN, FR, DE, ES & NL

Venture Capital and the European Biotechnology Industry Book Review:

This book opens up the world on private equity investment in one of the hottest industries – Biotechnology. The book describes how Europe has fallen behind the US due to under-investment and bad management by the VCs who control the companies. Detailed analysis shows why it is in VCs' interests to damage the very companies they invest in.

Raising Venture Capital Finance in Europe

Raising Venture Capital Finance in Europe
Author: Keith Arundale
Publsiher: Kogan Page Publishers
Total Pages: 336
Release: 2007-04-03
ISBN 10: 0749452021
ISBN 13: 9780749452025
Language: EN, FR, DE, ES & NL

Raising Venture Capital Finance in Europe Book Review:

European private equity investment reached €47 billion in 2005, up 27% from 2004. Funds raised for private equity were €72 billion, up 250% on the previous year, both figures being all time highs. Raising Venture Capital Finance in Europe provides business owners, entrepreneurs and investors alike with a step-by-step approach to exploiting this market and funding new projects effectively. Written by Keith Arundale, an advisor and commentator on the European and US VC and private equity industry for over 20 years, the guide blends business experience with practical approaches to enable the reader to maximize the opportunities available. The book includes a series of real-life case studies from venture capitalists and entrepreneurs from around Europe, each with practical tips for successful venture capital finance raising. With forewords from Sir Paul Judge (Chairman, Enterprise Education Trust) and Patrick Sheehan (Chairman, Venture Capital Committee, European Private Equity and Venture Capital Association) the book begins with a brief introduction to the field, including an analysis of current trends and issues in the industry, and goes on to provide a detailed framework for an objective assessment of each business opportunity. The book looks at sources of finance and private equity, shows how to write a successful business plan, details the entire investment process, and considers the tax and legal issues involved. A particular feature of the book is that it looks at the topic from both sides - showing what the venture capitalist is looking for as well as detailing how an entrepreneur or business owner can make proposals attractive to those investors This means that the reader will be able to minimize time wasted on unnecessary activities and therefore develop investment approaches which are succinct, relevant, and give every chance of success.

Venture Capital Performance

Venture Capital Performance
Author: Keith Arundale
Publsiher: Routledge
Total Pages: 252
Release: 2019-12-20
ISBN 10: 100076320X
ISBN 13: 9781000763201
Language: EN, FR, DE, ES & NL

Venture Capital Performance Book Review:

European venture capital (VC) funds have historically underperformed their US counterparts. This has resulted in reduced investment into European VC by the traditional institutional investors. This book investigates the factors that give rise to the performance difference. It is based on the author’s research at the Adam Smith Business School, University of Glasgow which involved a qualitative study of some 64 VC firms in the UK, continental Europe and the US, supplemented by 40 interviews with other stakeholders, including limited partner investors, corporate venturers, entrepreneurs and advisors. Readers will gain an in-depth understanding of the various structural, operational and wider environmental factors that impact on the performance difference between UK/European and US VC funds. The study is unique in that it provides, for the first time, a holistic and extensive analysis of the entire investment process from sourcing deals to exiting deals specifically contrasting Europe and the US in terms of the variables pertaining to the investment process and the impact on the fund performance. Factors impacting on the performance differential are structural, resulting from characteristics of the funds themselves, operational such as the investment practices of the VC firms which manage the funds and environmental such as culture and attitude to risk and the wider ecosystem in which the funds operate. These factors are set out clearly for the reader. The characteristics of the better performing funds in Europe and the US are also investigated. The book is aimed at academics who are researching venture capital fund performance and investment practices and also at practitioners, advisors and policymakers who want to learn about best VC investment practices. Whilst the book is focused on European and US VC investing, the best practices are also pertinent for VC firms and funds setting up in other geographies, particularly in emerging markets. To this end, best practice guidelines based on the research are included.

Private Equity

Private Equity
Author: H. Kent Baker,Greg Filbeck,Halil Kiymaz
Publsiher: Oxford University Press
Total Pages: 480
Release: 2015-06-25
ISBN 10: 0190249730
ISBN 13: 9780190249731
Language: EN, FR, DE, ES & NL

Private Equity Book Review:

During the past few decades, private equity (PE) has attracted considerable attention from investors, practitioners, and academicians. In fact, a substantial literature on PE has emerged. PE offers benefits for institutional and private wealth management clients including diversification and enhancement of risk-adjusted returns. However, several factors such as liquidity concerns, regulatory restrictions, and the lack of transparency limit the attractiveness of some PE options to investors. The latest volume in the Financial Markets and Investments Series, Private Equity: Opportunities and Risks offers a synthesis of the theoretical and empirical literature on PE in both emerging and developed markets. Editors H. Kent Baker, Greg Filbeck, Halil Kiymaz and their co-authors examine PE and provide important insights about topics such as major types of PE (venture capital, leveraged buyouts, mezzanine capital, and distressed debt investments), how PE works, performance and measurement, uses and structure, and trends in the market. Readers can gain an in-depth understanding about PE from academics and practitioners from around the world. Private Equity: Opportunities and Risks provides a fresh look at the intriguing yet complex subject of PE. A group of experts takes readers through the core topics and issues of PE, and also examines the latest trends and cutting-edge developments in the field. The coverage extends from discussing basic concepts and their application to increasingly complex and real-world situations. This new and intriguing examination of PE is essential reading for anyone hoping to gain a better understanding of PE, from seasoned professionals to those aspiring to enter the demanding world of finance.

Private Equity and Venture Capital in Europe

Private Equity and Venture Capital in Europe
Author: Stefano Caselli
Publsiher: Academic Press
Total Pages: 368
Release: 2009-11-20
ISBN 10: 9780080962948
ISBN 13: 0080962947
Language: EN, FR, DE, ES & NL

Private Equity and Venture Capital in Europe Book Review:

The distinctive nature of the European pe/vc environment is on display in Stefano Caselli’s presentation of its complete conceptual framework, from the volatile (its financial side) to the stable (its legal organization). A Bocconi University professor, Caselli offers a European perspective on market fundamentals, the v.c. cycle, and valuation issues, supporting his observations with recent examples and case studies. Written for investors, his book achieves many "firsts," such as clarifying many aspects of EU and UK financial institutions. Complete with finding aids, keywords, exercises, and an extensive glossary, Private Equity and Venture Capital in Europe is written not just for Europeans, but for everybody who needs to know about this growing market. Only book that provides a comprehensive treatment of PE/VC in UK/Europe, ideal for European business schools teaching professionals or pre-professionals who will work in Europe Provides a complete analysis of the EU versus US in all areas of PE/VC Contains cases and theory, providing both in one package Filled with pedagogical support features

Corporate Governance and Responsible Investment in Private Equity

Corporate Governance and Responsible Investment in Private Equity
Author: Simon Witney
Publsiher: Cambridge University Press
Total Pages: 250
Release: 2021-01-07
ISBN 10: 110848588X
ISBN 13: 9781108485883
Language: EN, FR, DE, ES & NL

Corporate Governance and Responsible Investment in Private Equity Book Review:

Private equity-backed businesses are increasingly prevalent, and their governance practices are a black box. This book lifts the lid.

J Curve Exposure

J Curve Exposure
Author: Pierre-Yves Mathonet,Thomas Meyer
Publsiher: John Wiley & Sons
Total Pages: 476
Release: 2008-07-31
ISBN 10: 9780470723401
ISBN 13: 0470723408
Language: EN, FR, DE, ES & NL

J Curve Exposure Book Review:

Building on the success of the author’s previous book Beyond the J Curve:Managing a Portfolio of Venture Capital and Private Equity Funds, this work covers new and additional material and offers advanced guidance on the practical questions faced by institutions when setting up and managing a successful private equity investment programme. Written from the practitioner’s viewpoint, the book offers private equity and venture capital professionals an advanced guide that will make high return targets more realistic and sustainable. Factors that can sometimes cause institutions to shy away from venture capital are the industry’s opaque track record, unclear valuations and risks, perceived lack of transparency as well as the significant entry barriers to overcome before tangible results show. These issues are all addressed in details with practical solutions to the problems. Among other topics J-Curve Exposure includes discussions of: Experiences with the adoption of the International Private Equity and Venture Capital Valuation Guidelines to address fair value under IFRS. Approaches for splitting and prioritizing distributions from private equity funds. Techniques for track record analysis and other tools to help limited partners in their due diligence. Approaches to dealing with uncertainty, the relevance of real options, and co-investments and side funds as advanced portfolio management techniques. Questions related to limited partner decision making fallacies and how to manage portfolios of VC funds. Securitization backed by portfolios of investments in private equity funds. Real life case studies illustrate the issues relevant for the practitioner.

Chances and Risks for Venture Capital and Private Equity in Europe

Chances and Risks for Venture Capital and Private Equity in Europe
Author: Johann Sebastian Kann
Publsiher: GRIN Verlag
Total Pages: 17
Release: 2004-06-24
ISBN 10: 3638285324
ISBN 13: 9783638285322
Language: EN, FR, DE, ES & NL

Chances and Risks for Venture Capital and Private Equity in Europe Book Review:

Wissenschaftliche Studie aus dem Jahr 2004 im Fachbereich BWL - Investition und Finanzierung, Note: keine, Wirtschaftsuniversität Wien (VWL (Doktoratsprogramm)), Veranstaltung: Intent Conference 2004 in Napoli, Italy, Sprache: Deutsch, Abstract: The specific aim of this paper is to offer suggestions and guidance on improving the effectiveness between the private and public sector to boost risk capital investment in R&D activities, presenting a series of recommendations in the chapter “Challenges facing the European Risk Capital Industry”, based on the latest report of policy makers in the EU (report of the European Commission) in 2003. The immediate background of the report was the dramatic change in the economic environment for private providers of risk capital, combined with rising concern for insufficient public risk capital measures in the European Union. This paper starts with the description of the important link between Risk Capital and R&D, followed by the analysis how private and public risk capital investments affect the business activity of SMEs and Entrepreneurs in Europe. After reviewing the important use of private risk capital instruments, the author summarizes major findings and explains which lessons have been learnt from the past to tackle the current risk capital funding gaps.

Venture Capital

Venture Capital
Author: Stefano Caselli,Stefano Gatti
Publsiher: Springer Science & Business Media
Total Pages: 421
Release: 2004
ISBN 10: 9783540402343
ISBN 13: 3540402349
Language: EN, FR, DE, ES & NL

Venture Capital Book Review:

Josh Lerner Jacob H. Schiff Professor of Investment Banking Harvard Business School and National Bureau of Economic Research During much of the 1970s and 1980s, venture capital and private equity remained largely a United States phenomena. Over the past decade, how ever, private equity has spread around the globe, taking particularly firm root in Western Europe-indeed, growing 4,700% since 1984 through 200 I. Today, Europe is the dominant private equity market outside the United States. Despite this tremendous growth and the current recessionary cli mate, there is ample room for attractive expansion in European private eq uity; both for venture capital and private equity. There have been several reasons for this growth. The first has been the internationalization of capital sources. The key sources of capital for Euro pean private equity funds have traditionally been segmented by national boundaries: historically, the pattern in Europe has been for private equity groups to raise funds from banks, insurance companies, and government bodies in their own country, with little involvement from foreign investors. These barriers are now breaking down for two principal reasons. First, in stitutional investors, particularly in the United States, have become in creasingly interested in European funds. Second, many international pri vate equity firms have become more active in Europe. A second driver of growth has been the entry of new talent into the in dustry. Traditionally, many European private equity investors had come from financial or consulting backgrounds, rather than from operating roles.

Private Equity and Venture Capital Incentives in Europe Special Paper

Private Equity and Venture Capital Incentives in Europe   Special Paper
Author: S.J. Berwin
Publsiher: Unknown
Total Pages: 48
Release: 2003
ISBN 10: 1928374650XXX
ISBN 13: OCLC:606451464
Language: EN, FR, DE, ES & NL

Private Equity and Venture Capital Incentives in Europe Special Paper Book Review:

Trends in Venture Capital Finance in Developing Countries

Trends in Venture Capital Finance in Developing Countries
Author: Anthony H. Aylward
Publsiher: World Bank Publications
Total Pages: 31
Release: 1998-01-01
ISBN 10: 9780821343036
ISBN 13: 0821343033
Language: EN, FR, DE, ES & NL

Trends in Venture Capital Finance in Developing Countries Book Review:

IFC Discussion Paper No. 36. This paper presents an analysis of new data on venture capital in developing countries. The data from the regional venture capital associations detail sources and uses of venture financing flows by region, country, industry, type of investing institution, and stage of venture investment. The survey data detail fund organization, deal screening, capital structure, agency cost characteristics of asset structure, measures of entrepreneur human capital, and investment monitoring and control.

Private Equity in Emerging Markets

Private Equity in Emerging Markets
Author: Darek Klonowski
Publsiher: Palgrave Macmillan
Total Pages: 324
Release: 2012-10-16
ISBN 10: 9781137006288
ISBN 13: 1137006285
Language: EN, FR, DE, ES & NL

Private Equity in Emerging Markets Book Review:

Emerging markets are becoming a major force in global private equity. International investors are attracted to the general storyline of private equity in emerging markets due to these regions' rapid economic growth (driven by an expanding middle class, significant investment in domestic infrastructure, high rural-to-urban migration, and increased population wealth), more responsible public finance decisions, reduced debt, improved corporate governance regimes, and diminished reliance on foreign exports. This timely collection captures the essence of private equity development in emerging markets. Private Equity in Emerging Markets examines the evolution of the private equity industry as well as exit opportunities, financial performance, and anticipated future trends. Also discussed are the 'hands-on' aspects of private equity investing in emerging markets, including fundraising, investing, and operational challenges. Unique to this timely book are contributions from experts in private equity in emerging markets from across the globe.

Survey of the Economic and Social Impact of Venture Capital in Europe

Survey of the Economic and Social Impact of Venture Capital in Europe
Author: Anonim
Publsiher: Unknown
Total Pages: 24
Release: 2002
ISBN 10: 1928374650XXX
ISBN 13: OCLC:51040262
Language: EN, FR, DE, ES & NL

Survey of the Economic and Social Impact of Venture Capital in Europe Book Review:

Venture Capital in Europe s Common Market

Venture Capital in Europe s Common Market
Author: Andrea Schertler
Publsiher: Unknown
Total Pages: 102
Release: 2001
ISBN 10: 1928374650XXX
ISBN 13: UCSD:31822029882180
Language: EN, FR, DE, ES & NL

Venture Capital in Europe s Common Market Book Review:

Venture Capital in the United States and Europe

Venture Capital in the United States and Europe
Author: Guillermo de la Dehesa
Publsiher: Unknown
Total Pages: 39
Release: 2002
ISBN 10: 1928374650XXX
ISBN 13: UCSD:31822032276156
Language: EN, FR, DE, ES & NL

Venture Capital in the United States and Europe Book Review:

Venture Capital Report Directory of Private Equity and Venture Capital in the UK and Europe

Venture Capital Report Directory of Private Equity and Venture Capital in the UK and Europe
Author: Venture Capital Report Ltd Staff
Publsiher: Unknown
Total Pages: 658
Release: 2001-04
ISBN 10: 9780953666928
ISBN 13: 0953666921
Language: EN, FR, DE, ES & NL

Venture Capital Report Directory of Private Equity and Venture Capital in the UK and Europe Book Review:

The Future of Finance

The Future of Finance
Author: Dan Schwartz
Publsiher: John Wiley & Sons
Total Pages: 236
Release: 2010-03-29
ISBN 10: 0470825111
ISBN 13: 9780470825112
Language: EN, FR, DE, ES & NL

The Future of Finance Book Review:

Dan Schwartz has done a masterful job of synthesizing the thoughts of some of the best minds in the private equity business along with his own to create a superb discussion of the industry, past, present, and most importantly where it is going. This is a must read for anyone in the private equity world and for those considering the field. Leonard Harlan Chairman, Executive Committee, Castle Harlan Dan Schwartz was a first-hand witness to the birth of private equity in Asia and has chronicled its explosive growth over the past two decades. In The Future of Finance he uses an insider’s perspective to full effect, pulling together the views of many practitioners to illuminate both the roots of the 2008 global crisis and private equity’s potential role in rebuilding our financial system. Schwartz’ fast-paced, conversational style makes for a welcome contrast to dry economic analysis—well worth reading for both business leaders and students of finance. Dan Carroll Managing Partner, TPG Dan Schwartz’s The Future of Finance offers an insightful and compelling window into the world of private equity and venture capital. Schwartz has leveraged his more than 20 years of industry experience to produce a well researched and nuanced work that will prove invaluable to anyone interested in these fields. Joe Bae Managing Partner, Kohlberg Kravis Roberts & Co. Asia For anyone concerned about the future economic impact of global innovation, job creation, and finance, Dan Schwartz’s comprehensive new treatise is a must read. Replete with in-depth perspectives of dozens of the most senior global venture capital and private equity leaders and numerous case study examples, this gem artfully explains the dramatic changes happening in these vital industries and how government leaders, policy makers, entrepreneurs and investors must adapt for continuing success in the second decade of the 21st century. Dixon R. Doll Cofounder and General Partner, DCM Chairman, U.S. National Venture Capital Assoc. (2008-09) From cottage industry to multi-billion asset class, Asian private equity has transformed the region’s financial and corporate landscape in two short decades. Dan Schwartz was present at the beginning of this fascinating era as iconic spokesman and entrepreneurial founder of AVCJ. His contribution as chief convener to the industry helped shape an asset class. The Future of Finance is forward looking while drawing upon the rich past of an industry’s development amid volatile cycles, financial crises, pandemics, capital excess, capital drought and Darwinian struggles. Many of the prime movers, who paved the way to the future, have shared privileged views with Dan over the years and now on these insightful pages. Philip Bilden Managing Director, HarbourVest Partners (Asia) Dan Schwartz’s extensive and experienced network has enabled him to tap the key issues and insights of today’s leading private equity and venture capital practitioners around the world. This enlivens Dan’s stroll through Europe, North America and Asia as he examines the development of these private capital markets…and these insights shape the prism through which he views a future for private equity in the coming decades. Bill Ferris Executive Chairman, Champ Private Equity Dan Schwartz is the person best placed to write about the history of the private equity industry in Asia—he was there right from the beginning. In nearly two decades, he has been a keen observer of the industry’s developments and market trends. He was the cheerleader when the industry was down and he has been a friend to most of the leading practitioners, a position that provides him with unique insights into the actual workings of the industry as described in the book. The “New Corporate Theory” introduced in the last section of the book is an interesting thesis. If it comes to fruition, it will transform the shareholder-driven corporate governance model as we know it today. Tang Kok Yew Chairman and Managing Partner, Affinity Equity Partners (HK) It would be hard to find a better guide to the private equity world. Dan Schwartz has been central to providing thought leadership in the Asian private equity markets and a leading commentator worldwide for over 20 years, he also has had impeccable timing as an entrepreneur. Jeremy Coller CEO and CIO, Coller Capital

Survey of the economic and social impact of venture capital in Europe

Survey of the economic and social impact of venture capital in Europe
Author: Jim Martin,European Private Equity and Venture Capital Association
Publsiher: Unknown
Total Pages: 24
Release: 2002
ISBN 10: 1928374650XXX
ISBN 13: OCLC:635585839
Language: EN, FR, DE, ES & NL

Survey of the economic and social impact of venture capital in Europe Book Review: