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 Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik

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: Strathclyde-led research develops world's highest gain high-power laser amplifier

The world's highest gain high power laser amplifier - by many orders of magnitude - has been developed in research led at the University of Strathclyde.

The researchers demonstrated the feasibility of using plasma to amplify short laser pulses of picojoule-level energy up to 100 millijoules, which is a 'gain'...

Im Focus: Can the immune system be boosted against Staphylococcus aureus by delivery of messenger RNA?

Staphylococcus aureus is a feared pathogen (MRSA, multi-resistant S. aureus) due to frequent resistances against many antibiotics, especially in hospital infections. Researchers at the Paul-Ehrlich-Institut have identified immunological processes that prevent a successful immune response directed against the pathogenic agent. The delivery of bacterial proteins with RNA adjuvant or messenger RNA (mRNA) into immune cells allows the re-direction of the immune response towards an active defense against S. aureus. This could be of significant importance for the development of an effective vaccine. PLOS Pathogens has published these research results online on 25 May 2017.

Staphylococcus aureus (S. aureus) is a bacterium that colonizes by far more than half of the skin and the mucosa of adults, usually without causing infections....

Im Focus: A quantum walk of photons

Physicists from the University of Würzburg are capable of generating identical looking single light particles at the push of a button. Two new studies now demonstrate the potential this method holds.

The quantum computer has fuelled the imagination of scientists for decades: It is based on fundamentally different phenomena than a conventional computer....

Im Focus: Turmoil in sluggish electrons’ existence

An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.

We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...

Im Focus: Wafer-thin Magnetic Materials Developed for Future Quantum Technologies

Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.

Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Marine Conservation: IASS Contributes to UN Ocean Conference in New York on 5-9 June

24.05.2017 | Event News

AWK Aachen Machine Tool Colloquium 2017: Internet of Production for Agile Enterprises

23.05.2017 | Event News

Dortmund MST Conference presents Individualized Healthcare Solutions with micro and nanotechnology

22.05.2017 | Event News

 
Latest News

New insights into the ancestors of all complex life

29.05.2017 | Earth Sciences

New photocatalyst speeds up the conversion of carbon dioxide into chemical resources

29.05.2017 | Life Sciences

NASA's SDO sees partial eclipse in space

29.05.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>