Proces redukcji zaangażowania kapitałowego funduszy private equity w spółki portfelowe metod pierwszej oferty publicznej

• Authors: Sosnowski, Tomasz

Title variants

PL

The Reduction of Private Equity Funds’ Holdings in Portfolio Companies by the Initial Public Offerings

Abstracts

EN

The main objective of this paper is to recognize the dynamics and duration of disinvestment processes undertaken by the private equity funds through the Warsaw Stock Exchange. To achieve the goal of the research, it has been formulated the hypothesis affirming that the initial public offering as a method of divestment is mainly used to make a partial exit from an investment and the total sale of securities of companies usually occurs at a later date. Presented in the paper results of empirical research on the dynamics of an exit from the investment show that private equity fund remained as a shareholder after 1 year of the IPO in majority of the portfolio companies.

Keywords

EN

private equity; exit vehicles; initial public offerings; full exit; partial exit

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2012
• Volume: 262

Dates

published

2012

Contributors

author

Sosnowski, Tomasz

other

Uniwersytet Łódzki

Identifiers

URI

http://hdl.handle.net/11089/1840