Private Equity and Venture Capital in Europe

Global financial markets might seem as if they increasingly resemble each other, but a lot of peculiar aspects qualify different markets with different levels of development. Private equity investors can take advantage of these variations. Structured to provide a taxonomy of the business, Private Equity and Venture Capital in Europe, Second Edition, introduces private equity and venture capital markets while presenting new information about the core of private equity: secondary markets, private debt, PPP within private equity, crowdfunding, venture philanthropy, impact investing, and more. Every chapter has been updated, and new data, cases, examples, sections, and chapters illuminate elements unique to the European model. With the help of new pedagogical materials, this Second Edition provides marketable insights about valuation and deal-making not available elsewhere.

• Covers new regulations and legal frameworks (in Europe and the US) described by data and tax rates
• Features overhauled and expanded pedagogical supplements to increase the versatility of the Second Edition
• Focuses on Europe
• Includes balanced presentations throughout the book

Upper-division undergraduates, graduate students, and professionals working in venture capital, and more generally in financial markets and financial institutions

Part 1 General Framework and Private Equity Deals

1. The Fundamentals of Private Equity and Venture Capital
2. Theoretical Foundation of Private Equity and Venture Capital
3. Clusters of Investment Within Private Equity
4. Investing in the Early Stages of a Company: Venture Capital
5. Investments in Mature Companies: Expansion Financing
6. Investments in Mature Companies: Replacement Financing
7. Investing in Mature Companies: Vulture Financing

Part 2 Legal and Fiscal Framework in the Private Equity Business

8. Legal Framework in Europe for Equity Investors
9. Legal Framework in the United States and United Kingdom for Equity Investors
10. Taxation Framework for Private Equity and Fiscal Impact for Equity Investors

Part 3 Managing a Private Equity Investment

11. The Managerial Process
12. Fundraising
13. Investing
14. Managing and Monitoring
15. Exiting
16. Listing a Private Company

Part 4 Company Valuation, New Solutions, and Industry Trends

17. 1Company Valuation in Private and Venture Capital
18. Techniques of Equity Value Definition
19. New Trends and Solutions in the Private Equity and Venture Capital Industry
20. Strategies, Business Models, and Perspectives of Private Equity and Venture Capital