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
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
A new assessment of NASA's record of global temperatures revealed that the agency's estimate of Earth's long-term temperature rise in recent decades is accurate to within less than a tenth of a degree Fahrenheit, providing confidence that past and future research is correctly capturing rising surface temperatures.
The most complete assessment ever of statistical uncertainty within the GISS Surface Temperature Analysis (GISTEMP) data product shows that the annual values...
Physicists at the University of Basel are able to show for the first time how a single electron looks in an artificial atom. A newly developed method enables them to show the probability of an electron being present in a space. This allows improved control of electron spins, which could serve as the smallest information unit in a future quantum computer. The experiments were published in Physical Review Letters and the related theory in Physical Review B.
The spin of an electron is a promising candidate for use as the smallest information unit (qubit) of a quantum computer. Controlling and switching this spin or...
Engineers at the University of Tokyo continually pioneer new ways to improve battery technology. Professor Atsuo Yamada and his team recently developed a...
With a quantum coprocessor in the cloud, physicists from Innsbruck, Austria, open the door to the simulation of previously unsolvable problems in chemistry, materials research or high-energy physics. The research groups led by Rainer Blatt and Peter Zoller report in the journal Nature how they simulated particle physics phenomena on 20 quantum bits and how the quantum simulator self-verified the result for the first time.
Many scientists are currently working on investigating how quantum advantage can be exploited on hardware already available today. Three years ago, physicists...
'Quantum technologies' utilise the unique phenomena of quantum superposition and entanglement to encode and process information, with potentially profound benefits to a wide range of information technologies from communications to sensing and computing.
However a major challenge in developing these technologies is that the quantum phenomena are very fragile, and only a handful of physical systems have been...
29.04.2019 | Event News
17.04.2019 | Event News
15.04.2019 | Event News
24.05.2019 | Physics and Astronomy
24.05.2019 | Medical Engineering
24.05.2019 | Life Sciences