Publication
Buy-and-build strategies in private equity: the impact of diversifying acquisitions on platform performance
| Summary: | Extending the literature on buy-and-build (B&B) strategies in the field of private equity (PE), this study examines the impact of product- and industry-diversifying acquisitions and cross-border transactions (CBT) on the platform’s operational improvement. The sample consists of 165 platform companies from Western Europe and their 621 add-on acquisitions between 1997 and 2020. The results of this study indicate that the integration of industry-diversifying add-on acquisitions into the B&B strategy provides additional operational value for the platform compared to exclusively horizontal add-on acquisitions. |
|---|---|
| Main Authors: | Bradel, Thomas Nikolaus |
| Subject: | Private equity Buy-and-build:M&A Diversification Cross-border transactions |
| Year: | 2020 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade Nova de Lisboa |
| Language: | English |
| Origin: | Repositório Institucional da UNL |
| Summary: | Extending the literature on buy-and-build (B&B) strategies in the field of private equity (PE), this study examines the impact of product- and industry-diversifying acquisitions and cross-border transactions (CBT) on the platform’s operational improvement. The sample consists of 165 platform companies from Western Europe and their 621 add-on acquisitions between 1997 and 2020. The results of this study indicate that the integration of industry-diversifying add-on acquisitions into the B&B strategy provides additional operational value for the platform compared to exclusively horizontal add-on acquisitions. |
|---|