Publicação
Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany
| Resumo: | Succession is one of the biggest challenges that family businesses face. One out of many succession options is the conduct of a management buy-out (MBO). However, MBOs are often only to a small extent financed by the private assets of the management. The greater part of the financing is provided by financial investors and banks. This work project focuses on the specific case of the involvement of a private equity investor in a MBO as a succession solution for family businesses in Germany. First, the importance of family firms as well as the current condition of the private equity landscape in Germany will be outlined. After that, the motives and challenges for a MBO from the perspective of the family business entrepreneurs as well as from the perspective of the private equity investors will be presented by examining current research. Finally, a guideline for family entrepreneurs considering a MBO is presented, which was created on the basis of the previously identified problems and validated with the help of a survey with experts and family business entrepreneurs. |
|---|---|
| Autores principais: | Braun, Nele |
| Assunto: | Family business Directed research Private equity Succession planning |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868984019119505408 |
|---|---|
| author | Braun, Nele |
| author_facet | Braun, Nele |
| author_role | author |
| contributor_name_str_mv | Cunha, Alexandre Dias da RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Braun, Nele\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Cunha, Alexandre Dias da RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Braun, Nele |
| datacite.date.Accepted.fl_str_mv | 2022-01-17T00:00:00Z |
| datacite.date.available.fl_str_mv | 2022-06-01T08:12:57Z |
| datacite.date.embargoed.fl_str_mv | 2022-06-01T08:12:57Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Family business Directed research Private equity Succession planning |
| datacite.titles.title.fl_str_mv | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| dc.contributor.none.fl_str_mv | Cunha, Alexandre Dias da RUN |
| dc.creator.none.fl_str_mv | Braun, Nele |
| dc.date.Accepted.fl_str_mv | 2022-01-17T00:00:00Z |
| dc.date.available.fl_str_mv | 2022-06-01T08:12:57Z |
| dc.date.embargoed.fl_str_mv | 2022-06-01T08:12:57Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/139141 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Family business Directed research Private equity Succession planning |
| dc.title.fl_str_mv | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | Succession is one of the biggest challenges that family businesses face. One out of many succession options is the conduct of a management buy-out (MBO). However, MBOs are often only to a small extent financed by the private assets of the management. The greater part of the financing is provided by financial investors and banks. This work project focuses on the specific case of the involvement of a private equity investor in a MBO as a succession solution for family businesses in Germany. First, the importance of family firms as well as the current condition of the private equity landscape in Germany will be outlined. After that, the motives and challenges for a MBO from the perspective of the family business entrepreneurs as well as from the perspective of the private equity investors will be presented by examining current research. Finally, a guideline for family entrepreneurs considering a MBO is presented, which was created on the basis of the previously identified problems and validated with the help of a survey with experts and family business entrepreneurs. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/16dac2a7-bdf3-44d6-86f4-8c4f67019728/download |
| id | run_00a0b47e5cdb624f353abd40cc1abbd0 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/139141 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/139141 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Braun, Nele |
| publishDate | 2022 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTSuccession is one of the biggest challenges that family businesses face. One out of many succession options is the conduct of a management buy-out (MBO). However, MBOs are often only to a small extent financed by the private assets of the management. The greater part of the financing is provided by financial investors and banks. This work project focuses on the specific case of the involvement of a private equity investor in a MBO as a succession solution for family businesses in Germany. First, the importance of family firms as well as the current condition of the private equity landscape in Germany will be outlined. After that, the motives and challenges for a MBO from the perspective of the family business entrepreneurs as well as from the perspective of the private equity investors will be presented by examining current research. Finally, a guideline for family entrepreneurs considering a MBO is presented, which was created on the basis of the previously identified problems and validated with the help of a survey with experts and family business entrepreneurs.application/pdfpt_PTSuccession in family businesses through private equity-backed management buy-outs (MBOs) in GermanyBraun, NeleCunha, Alexandre Dias daHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2029983632022-06-01T08:12:57Z2022-01-172021-12-172022-01-17T00:00:00ZHandlehttp://hdl.handle.net/10362/139141http://purl.org/coar/access_right/c_abf2open accessFamily businessDirected researchPrivate equitySuccession planning1057750 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/16dac2a7-bdf3-44d6-86f4-8c4f67019728/download |
| spellingShingle | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany Braun, Nele Family business Directed research Private equity Succession planning |
| status | SINGLETON |
| subject.fl_str_mv | Family business Directed research Private equity Succession planning |
| title | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| title_full | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| title_fullStr | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| title_full_unstemmed | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| title_short | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| title_sort | Succession in family businesses through private equity-backed management buy-outs (MBOs) in Germany |
| topic | Family business Directed research Private equity Succession planning |
| topic_facet | Family business Directed research Private equity Succession planning |
| url | http://hdl.handle.net/10362/139141 |
| visible | 1 |