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Introduction to Private Equity Cyril Demaria

Introduction to Private Equity By Cyril Demaria

Introduction to Private Equity by Cyril Demaria


$23.99
Condition - Very Good
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Summary

* An Introduction to Private Equity provides readers with an easy to read but thorough grounding in the key aspects of the private equity industry.

Introduction to Private Equity Summary

Introduction to Private Equity by Cyril Demaria

Introduction to Private Equity is a critical yet grounded guide to the private equity industry. Far more than just another introductory guide, the book blends academic rigour with practical experience to provide a critical perspective of the industry from a professional who has worked at many levels within the industry, including insurance, funds of funds, funds and portfolio companies. The book looks at private equity from the point of view of the individual or the business. How is a private business valued? How is the acquisition transaction processed? What are the due diligence issues that should be considered before moving ahead? A valuable insight to a rather opaque market. Introduction to Private Equity covers the private equity industry as a whole, highlighting its historical development in order to put its recent development into perspective. The book covers its organization, governance and function, then details the various segments within the industry, including LBO, Venture Capital, Mezzanine Financing, Growth Capital and beyond. Finally, it offers a framework to anticipate and understand its future developments. It provides a balanced perspective on the current corporate governance challenges which are affecting the industry and draws perspective to understand the evolution of the sector, following one of its major crises.

About Cyril Demaria

CYRIL DEMARIA is a Partner at Tiare Investment Management AG, Zurich and Manager of Pilot Fish, a small business angels fund. Previously, he was a Portfolio Manager at Maaf Gestion, where he managed private equity assets in excess of $60 million, and Head of Corporate Development at Externall in Paris. Cyril began his career at Pyramid Technology Ventures, a hybrid venture capital and fund of funds firm dedicated to IT and software investments. He is also Associate Professor of Finance at ESSCA, where he lectures on private equity, LBO, money and finance and international finance, and Lecturer at EADA and ZHAW. He regularly consults as an expert for the Swiss, European and French private equity and venture capital associations and provides training in private equity topics to the Association Francaise des Investisseurs en Capital (AFIC) and the Institut d'Analyse Financiere. Cyril holds a BA in Political Sciences, a Masters in Geopolitics applied to Money and Finance, a Masters in European Business Law, and a Diploma from HEC. He is currently a doctoral candidate at the University Sankt-Gallen.

Table of Contents

Foreword. Acknowledgments. About the Author. Introduction. A Moving Target. A Consubstantial Lack of Information. Benign Neglect, Malign Consequences. Knowing the Devil to Circumvent It. PART I WHAT IS PRIVATE EQUITY? 1 Private Equity as an Economic Driver: An Historical Perspective. 1. Pooling interests to identify and exploit sources of wealth. 2. Championing entrepreneurship. Conclusion: an attempt at definition. 2 Modern Private Equity - A French Invention? 1. USA: the foundry of modern private equity. The strict separation of public policies and public financing. The separation of public endeavours and private efforts; the subsequent support of the former for the latter. 2. Europe: adapting a successful model or creating its own? Conclusion: Emerging markets, building castles on sand? PART II THE PRIVATE EQUITY ECOSYSTEM. 3 Private Equity: A Business System Perspective. 1. We are all investors in private equity. 2. Organisation and governance of private equity funds. 3. Measuring performance, managing risks and optimising returns. 4. Pitfalls and challenges. Conclusion. 4 The Universe of Investment. 1. Venture capital: financing company creation. 2. Growth capital: financing companies' expansion. 3. Leveraged Buy-Out: financing companies transmissions. 4. Other interventions in private equity. Conclusion. 5 The Process of Investment: a Matter of Trust and Mutual Interest. 1. Step 1: Preliminary analysis. 2. Step 2: Valuation. 3. Step 3: Negotiating. 4. Step 4: Structuring. 5. Step 5: Complementary due diligences. 6. Step 6: Transaction. 7. Step 7: Monitoring and exit. Conclusion. PART III PRIVATE EQUITY IN TEENAGE TIME: TREND SETTING, FADS AND RESPONSIBILITIES. 6 Private Equity Evolutions: Trends or Buzzes? 1. Is private equity going mainstream? 2. Is private equity (still) creating value? 3. Private equity: between bubbles and crashes. Conclusion. 7 Private Equity and Ethics: a Culture Clash. 1. Greed. 2. Destruction. 3. Philanthropy. 4. Transparency. 5. Confidentiality and self-regulation. Conclusion. General Conclusion-Private Equity Today and Tomorrow. 1. Core target: manage the volatility of performances. 2. The only valid leitmotiv: long-term thinking. 3. The IMPACT of the fair market value. 4. A long-term trend: the attractiveness of private equity. 5. Private equity: future victim of its own success? 6. The impact of a better knowledge of private equity. Bibliography Glossary. Index.

Additional information

GOR006520962
9780470745960
0470745967
Introduction to Private Equity by Cyril Demaria
Used - Very Good
Hardback
John Wiley and Sons Ltd
20100331
248
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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