Success Factors of Private Equity Investments in the Retail Industry

Inhaltsverzeichnis (Table of Contents)

• Abstract
• Table of Contents
• List of Exhibits
• List of Tables
• List of Abbreviations
• Introduction
• Characteristics of Retail Private Equity
• Determinants of the Industry Environment
• Private Equity Value Creation in Retail
• Literature Review and Development of Hypotheses
• General Partner Experience
• Private Equity Fund Size
• Retail Industry Specialization
• Data and Methodology
• Data Compilation and Restrictions Applied
• Data Quality
• Descriptive Statistics
• Methodology
• Variables
• Dependent Variables
• Independent Variables
• Control Variables
• Fixed Effects
• Empirical Results
• Performed Regressions
• Tests of Model Specifications
• Review of Hypotheses
• Discussion of Limitations and Scope for Future Research
• Conclusion
• References
• Appendix

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis aims to investigate the link between characteristics of private equity firms and funds and the performance of leveraged buyouts in the retail industry. The study focuses specifically on general partner experience, fund size, and retail specialization, and their impact on investment performance, as measured by money multiples, internal rates of return, and write-off probabilities.

• Impact of private equity firm and fund characteristics on leveraged buyout performance in retail
• The role of general partner experience in private equity investment success
• Influence of fund size on retail investment returns and write-off probabilities
• Benefits and drawbacks of retail industry specialization for private equity funds
• Analysis of a large dataset of leveraged buyouts, including retail deals, to draw empirical conclusions

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: Provides an overview of the research topic, outlining the importance of private equity investments in retail and the key questions addressed in the thesis.
• Characteristics of Retail Private Equity: Introduces the characteristics of the retail industry that impact private equity investments, highlighting the unique challenges and opportunities.
• Literature Review and Development of Hypotheses: Reviews existing research on private equity performance, focusing on the impact of general partner experience, fund size, and industry specialization. Based on this review, the study develops specific hypotheses.
• Data and Methodology: Describes the data used in the analysis, including the data source, sample size, and variables. Outlines the research methodology, including regression analysis and statistical tests.
• Empirical Results: Presents the findings of the empirical analysis, examining the relationship between private equity characteristics and investment performance.

Schlüsselwörter (Keywords)

This study focuses on private equity investments in the retail industry, analyzing the relationship between fund and firm characteristics and investment performance. Key concepts include leveraged buyouts, money multiples, internal rates of return, write-off probabilities, general partner experience, fund size, retail specialization, and empirical analysis.