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When a student discovers private equity, one question often comes up: why does an investment fund sell a company to another fund rather than to a strategic buyer or through an IPO? At first glance, this practice may seem strange. Some observers even see it as a simple game of musical chairs between financial investors.
When discussing private equity, many people imagine funds investing in already large companies and reselling them a few years later at a profit. However, a significant portion of the value creation generated by funds relies on a very different strategy: sector consolidation. Through roll-up or buy-and-build strategies, investors seek to transform several small businesses into a much larger and more competitive player. This approach has enabled ma
In the world of private equity, few transactions are cited as often as that of Toys R Us. For many years, this deal has been presented as the perfect example of the risks associated with excessive leverage and a poor adaptation to market developments.
While the bankruptcy of Toys “R” Us cannot be attributed solely to its LBO, this transaction perfectly illustrates how an inappropriate financing structure can weaken a company that was nevertheles
When discussing LBO transactions or corporate financing, the term “debt” is often used in a generic way. However, behind this word lie numerous instruments with very different characteristics.
For investors, banks, and executives, the choice of financing structure is a strategic decision. Each type of debt has its own level of risk, cost, constraints, and role in financing a company.
After several years marked by particularly dynamic fundraising activity, the European private equity market is experiencing a noticeable slowdown. Rising interest rates, declining valuations, and macroeconomic uncertainty have profoundly changed financing conditions.
When comparing US and European equity markets, a structural difference immediately stands out: large-cap companies are significantly larger in the United States than in Europe.
Artificial intelligence is progressively transforming all areas of finance. But recently, a new evolution has particularly attracted the attention of banks, investment funds, and consulting firms: the emergence of agentic AI.
Due diligence is at the heart of every private equity transaction. It is meant to allow investors to identify risks, validate investment assumptions, and secure their decision.However, despite increasingly sophisticated processes, some transactions later reveal major weaknesses that had not been identified.
Alumni network in school: how to leverage it to land internships, interviews and your first job. The complete guide.
In private equity, a widely held belief is that performance primarily depends on the entry price. Buying “at the right price” is seen as the key to securing strong returns. However, in practice, many experienced investors believe that timing plays an even more decisive role.