Introduction to private equity - Cyril Demaria

This second edition of Introduction to Private Equity ismore than an update, it reflects the dramatic changes which haveaffected an industry which is evolving rapidly, internationalizingand maturing fast. What is recognized as a critical yet groundedguide to the private equity industry blends academic rigour withpractical experience. It provides a clear, synthetic and criticalperspective of the industry from a professional who has worked atmany levels within the industry; including insurance, funds offunds, funds and portfolio companies.

The book approaches the private equity sector top-down, toprovide a sense of its evolution and how the current situation hasbeen built. It then details the interrelations between investors,funds, fund managers and entrepreneurs. At this point, theperspective shifts to bottom-up, how a private business is valued,how transactions are processed and the due diligence issues toconsider before moving ahead.

Introduction to Private Equity, SecondEdition covers the private equity industry as a whole,putting its recent developments (such as secondary markets,crowdfunding, venture capital in emerging markets) intoperspective. The book covers its organization, governance andfunction, then details the various segments within the industry,including Leveraged Buy-Outs, Venture Capital, Mezzanine Financing,Growth Capital, Distressed Debt, Turn-Around Capital, Funds ofFunds and beyond. Finally, it offers a framework to anticipate andunderstand its future developments.

This book provides a balanced perspective on the corporategovernance challenges affecting the industry and draws perspectiveson the evolution of the sector, following a major crisis.