Private Equity LBO Exit Strategies: The Announcement Effect of Trade Sales, Secondary Buyouts and IPO´s on Listed PE
Purpose: To examine the wealth-generating effects of LBO exits from the PEs perspective depending on different exit strategies, and to identify how private sponsors’ features like historical performance, size, experience etc. might influence the success of the exit as well as the exit route choice. Methodology: A short-term event study to detect a cumulative abnormal return around LBO exit announc
