Sources of value gains in minority equity investments by private equity funds : evidence from block share acquisitions

• Main Authors: Chen, Guojun, Kang, Jun-Koo, Kim, Jin-Mo, Na, Hyun Seung
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Finance::Corporate finance
• Online Access: https://hdl.handle.net/10356/103375; http://hdl.handle.net/10220/24450
• Institution: Nanyang Technological University

Using block share acquisitions made by private equity (PE) funds, we examine the sources of value gains in PE minority equity investments. We find that compared with non-PE acquirers, PE acquirers are more likely to place representatives with finance experience or those with experience in the target...