Private Equity

Private Equity Examining the New Conglomerates of European Business 'This is the authoritative work on private equity, giving the business manager a genuine insight into how this relatively new form of ownership works.' Frank Neale, Phildrew Ventures 'A truly revealing insight into the world of private equity, MBOs and MBIs. A really enjoyable read.' Barrie Pearson, Livingstone Guarantee 'An excellent insight into the changing world of venture capital and private equity.' Charles Richardson, Director of Corporate Affairs, 3i How should entrepreneurs and company managers seeking capital go about the task, and what can they expect if they are successful? What do private equity investors look for in the companies they back? What are the lessons from the successes and (equally important) the failures of the past? And should politicians and financial regulators be concerned about the huge investment funds now being assembled to invest in private equity in Europe? The answers to all of these question can be found in this book.

Private equity is one of the most rapidly expanding and exciting areas of modern finance on both sides of the Atlantic. It is now responsible for a significant proportion of new flotations and for a high level of merger and acquisition activity. Yet the workings of the private equity industry are, by its very nature, opaque. Most private equity investment funds are not quoted companies and the complex concepts and structures used by the industry (and its jargon) often exclude the uninitiated. In Private Equity: Examining the New Conglomerates of European Business Peter Temple examines the current state of the private equity industry, its origins and the increasing ramifications it is assuming for society at large. He leads the reader through the jargon jungle of BIMBOs, BAMBIs, RAMBOs and COLOMBOs explaining in a clear and entertaining style the roles played by corporate managers, financiers, and investors in private equity, and its risks and potential rewards.

Peter Temple has worked in or written about the investment world for nearly 30 years. An economist and statistician by training, he spent 18 years as a fund manager and analyst before moving to full-time writing and journalism in 1988. Peter now writes on a freelance basis for a variety of publications, including: the Financial Times, Investors Chronicle, Mail on Sunday, Analyst and International Fund Management. He is the author of a number of books, including Getting Started in Shares and The Online Investor. He has lived and worked in London since 1970 and is a diploma member of the Securities Institute, a former member of the London Stock Exchange and an Associate of the Institute of Investment Management and Research.