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 Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)

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

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: LaserTAB: More efficient and precise contacts thanks to human-robot collaboration

At the productronica trade fair in Munich this November, the Fraunhofer Institute for Laser Technology ILT will be presenting Laser-Based Tape-Automated Bonding, LaserTAB for short. The experts from Aachen will be demonstrating how new battery cells and power electronics can be micro-welded more efficiently and precisely than ever before thanks to new optics and robot support.

Fraunhofer ILT from Aachen relies on a clever combination of robotics and a laser scanner with new optics as well as process monitoring, which it has developed...

Im Focus: The pyrenoid is a carbon-fixing liquid droplet

Plants and algae use the enzyme Rubisco to fix carbon dioxide, removing it from the atmosphere and converting it into biomass. Algae have figured out a way to increase the efficiency of carbon fixation. They gather most of their Rubisco into a ball-shaped microcompartment called the pyrenoid, which they flood with a high local concentration of carbon dioxide. A team of scientists at Princeton University, the Carnegie Institution for Science, Stanford University and the Max Plank Institute of Biochemistry have unravelled the mysteries of how the pyrenoid is assembled. These insights can help to engineer crops that remove more carbon dioxide from the atmosphere while producing more food.

A warming planet

Im Focus: Highly precise wiring in the Cerebral Cortex

Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.

The researchers report online in Nature (Schmidt et al., 2017. Axonal synapse sorting in medial entorhinal cortex, DOI: 10.1038/nature24005) that synapses in...

Im Focus: Tiny lasers from a gallery of whispers

New technique promises tunable laser devices

Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...

Im Focus: Ultrafast snapshots of relaxing electrons in solids

Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!

When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

I-ESA 2018 – Call for Papers

12.09.2017 | Event News

EMBO at Basel Life, a new conference on current and emerging life science research

06.09.2017 | Event News

 
Latest News

An international team of physicists a coherent amplification effect in laser excited dielectrics

25.09.2017 | Physics and Astronomy

LaserTAB: More efficient and precise contacts thanks to human-robot collaboration

25.09.2017 | Trade Fair News

Highest-energy cosmic rays have extragalactic origin

25.09.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>