Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Cass Business School to track performance of private equity backed IPOs on London market

12.11.2007
Mario Levis, Cass Professor of Finance, is collaborating with the London Stock Exchange and the British Venture Capital Association (BVCA) to research the success of private equity backed Initial Public Offerings (IPOs) when they float on the London stock market.

The research will assess the attractiveness of the London markets for private equity backed IPOs and will be based on two key aspects of performance; relative importance of different exit routes and initial and long term aftermarket performance.

This project will focus on IPOs which have been floated in recent years. The data for the research, provided by the London Stock Exchange, is being made exclusively available to Cass for this project.

The rapid growth of the private equity industry in recent years has created a lively debate on the economic benefits, potential risks, the performance of private equity backed companies and the role of stock exchanges as a means of divestment.

The research will be an ongoing piece of work with a yearly release on aftermarket performance and six month updates on exit routes. It is aimed that the first yearly release and full launch of the research piece will be in February 2008.

Simon Walker, Chief Executive of the BVCA said: "This is an important piece of research that should help to demonstrate just how much value private equity adds to the companies in which it invests. It is also another step in the right direction towards demystifying the work we do in private equity and explaining why the industry is a global success story for the UK."

Nick Langford, Head of UK Business Development & Corporate Advisers Company Services, London Stock Exchange, said: "The London Stock Exchange provides a choice of efficient primary markets designed to give issuers off all types the best possible opportunity to raise capital and maximise the value of their company. This research will demonstrate the opportunities that our markets offer the private equity investment community in realising their investment goals."

Professor Levis said: "The popularity of private equity backed companies floating on the London Stock Exchange is a recent phenomenon which has not been widely studied. This research aims to determine the level of success these companies achieve, which may also indicate why companies find the London markets so attractive."

Cass is committed to continued research into private equity and Mario Levis is heading up the Cass Private Equity Centre which will promote understanding and provide evidence of the key issues and challenges facing participants in the private equity industry. For more information please visit http://www.cass.city.ac.uk/cpec/.

Dimitra Koutsantoni | alfa
Further information:
http://www.cass.city.ac.uk/media/story_3_1148_86239.html

More articles from Business and Finance:

nachricht RWI/ISL-Container Throughput Index ending 2017 on a positive note
24.01.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

nachricht Uncovering decades of questionable investments
18.01.2018 | University of Texas at Austin, Texas Advanced Computing Center

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: In best circles: First integrated circuit from self-assembled polymer

For the first time, a team of researchers at the Max-Planck Institute (MPI) for Polymer Research in Mainz, Germany, has succeeded in making an integrated circuit (IC) from just a monolayer of a semiconducting polymer via a bottom-up, self-assembly approach.

In the self-assembly process, the semiconducting polymer arranges itself into an ordered monolayer in a transistor. The transistors are binary switches used...

Im Focus: Demonstration of a single molecule piezoelectric effect

Breakthrough provides a new concept of the design of molecular motors, sensors and electricity generators at nanoscale

Researchers from the Institute of Organic Chemistry and Biochemistry of the CAS (IOCB Prague), Institute of Physics of the CAS (IP CAS) and Palacký University...

Im Focus: Hybrid optics bring color imaging using ultrathin metalenses into focus

For photographers and scientists, lenses are lifesavers. They reflect and refract light, making possible the imaging systems that drive discovery through the microscope and preserve history through cameras.

But today's glass-based lenses are bulky and resist miniaturization. Next-generation technologies, such as ultrathin cameras or tiny microscopes, require...

Im Focus: Stem cell divisions in the adult brain seen for the first time

Scientists from the University of Zurich have succeeded for the first time in tracking individual stem cells and their neuronal progeny over months within the intact adult brain. This study sheds light on how new neurons are produced throughout life.

The generation of new nerve cells was once thought to taper off at the end of embryonic development. However, recent research has shown that the adult brain...

Im Focus: Interference as a new method for cooling quantum devices

Theoretical physicists propose to use negative interference to control heat flow in quantum devices. Study published in Physical Review Letters

Quantum computer parts are sensitive and need to be cooled to very low temperatures. Their tiny size makes them particularly susceptible to a temperature...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

2nd International Conference on High Temperature Shape Memory Alloys (HTSMAs)

15.02.2018 | Event News

Aachen DC Grid Summit 2018

13.02.2018 | Event News

How Global Climate Policy Can Learn from the Energy Transition

12.02.2018 | Event News

 
Latest News

Contacting the molecular world through graphene nanoribbons

19.02.2018 | Materials Sciences

When Proteins Shake Hands

19.02.2018 | Materials Sciences

Cells communicate in a dynamic code

19.02.2018 | Life Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>