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Private equity and buyouts

Find out more about private equity, management buy-outs and leveraged buy-outs through our selection of articles, books and other resources.

What's on this page?

  • Online articles
  • Useful links
  • Articles and books from the Library

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Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

25 % questioning private equity's numbers

Article reports on research that shows that the big returns of the private equity industry may not be as great as they appear.

Private equity's new billionaire machine

The article reports on the use of private equity buyouts to create wealth. It mentions the use of carried interest to pay lower taxes on profits, the transformation of management fees into capital gains which are taxed at a lower rate, and the increasing number of billionaires becoming rich through these techniques.

Buyouts push companies to the limit. Or over it.

The article reports on the issue of private equity in the retail industry. It mentions how leveraged buyouts add to a company's debt, the number of companies that wind up filing for bankruptcy, and how changes in retail trade have made the buyouts of such companies less desirable.

Private equity is reshaping US healthcare

Article looks at private equity's investment and role in the US healthcare industry

Leveraged finance: poster child or problem child?

The article focuses on the contribution of leveraged finance to the crises in the banking industry. Topics discussed include an overview of the leveraged finance, its irrational exuberance, the association of the crises with derivative exposure and structuring, and the resilience of the credit market to the crises.

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Useful links

Organisations

British Venture Capital Association
Industry body and public policy advocate for the private equity and venture capital industry in the UK. The BVCA website includes case studies, technical updates and industry statistics. Access is to the member directory is available by subscription.

Publications and reports

BVCA Guide to private equity
A guide to private equity concepts from the BVCA, including a section on MBOs that looks at value creation in a management buyout, buy-out structure and debt finance in a management buyout transaction.

BVCA Research
The BVCA publishes industry research such as the annual reports on the Performance of portfolio companies and the industry Performance Measurement Survey as well as one-off reports such as Women in Limited Partners 2019 

International Private Equity and Venture Capital Valuation Guidelines
Developed by AFIC, BVCA and EVCA for use by the private equity and venture capital industry in valuing private equity investments. The guidelines also provide a framework for fund managers and investors to monitor the value of existing investments.

Have yesterday’s challenges provided a foundation for tomorrow’s success?
The 2017 Global private equity fund and investor survey from EY, in collaboration with Private Equity International.

Private Equity publications
Private equity publications from PWC, including the annual (European) Private Equity Trends report 2019

Atom Content Marketing guides

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

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