Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma
International Private Equity provides a comprehensive overview of the private equity industry, covering topics such as fundraising, deal structuring, and portfolio management. It offers valuable insights for both practitioners and students interested in this dynamic field.
In International Private Equity, Eli Talmor and Florin Vasvari take us on a comprehensive journey through the world of private equity. The book begins by providing an overview of the industry, its history, and its development. The authors explain the roles of various players such as general partners, limited partners, and management teams and discuss the structure of private equity funds.
They then delve into the process of raising private equity funds, detailing the marketing, legal, and administrative aspects involved. The authors emphasize the importance of developing a clear investment strategy and establishing a strong relationship with investors to secure successful fund-raising.
In the next part of the book, Talmor and Vasvari explore the investment decision-making process in private equity. They discuss the identification, evaluation, and selection of potential investment opportunities. The authors emphasize the significance of conducting thorough due diligence, assessing the target company's market, industry, and competitive positioning, and evaluating the potential risks and returns.
They also explore the various valuation methods used in private equity, including discounted cash flow analysis, market-based valuation, and comparable company analysis. The authors highlight the importance of understanding the target company's financials and developing realistic financial projections to accurately assess its value.
After discussing the investment decision-making process, Talmor and Vasvari move on to the execution and management of private equity investments. They detail the leveraged buyout process, including deal structuring, financing, and negotiation. The authors underline the significance of creating value through operational improvements, strategic initiatives, and effective governance after the acquisition.
They also delve into the concept of private equity performance measurement, explaining how to assess the success of an investment. The authors introduce several performance metrics, such as internal rate of return (IRR), multiple of invested capital (MOIC), and public market equivalent (PME), to evaluate the financial performance of private equity funds.
In the final section of International Private Equity, Talmor and Vasvari focus on the exit phase of private equity investments. They discuss various exit strategies, including initial public offerings (IPOs), secondary buyouts, and strategic sales. The authors emphasize the importance of planning the exit strategy early in the investment process to maximize returns.
They also address the challenges and considerations associated with exiting investments, such as market conditions, investor expectations, and regulatory requirements. Lastly, the authors highlight the significance of managing the post-exit relationship with the investee company and the impact of the exit on the overall fund performance.
In conclusion, International Private Equity provides a comprehensive understanding of the private equity industry, covering its entire lifecycle from fund-raising to exit. The book offers valuable insights for practitioners, investors, and students interested in private equity, combining academic rigor with real-world examples and practical guidance. Talmor and Vasvari's work stands as an essential resource for anyone seeking a deeper understanding of the international private equity landscape.
International Private Equity provides a comprehensive overview of the private equity industry on a global scale. It delves into the strategies, challenges, and best practices involved in international private equity investments, offering valuable insights for both practitioners and academics.
Investors seeking to understand the complexities of international private equity
Professionals working in the private equity industry looking to expand their knowledge
Students studying finance or business with an interest in private equity
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma