514
INTERPRETING THE M&A BLACK BOX BY THINKING OUTSIDE THE BOX
Douglas Cumming and Simona Zambelli
Introduction
The main purpose of this chapter is to provide policy makers with new insights to better evaluate the current worldwide debate on debt merger acquisitions, as well as shed some light on the perils of stringent financial bans on these types of transactions. Debt merger acquisitions (M&A) represent deals that are financed primarily with debt and are accomplished with a merger between the target and the investee company. These types of deals are very common in the European private equity (PE) industry and play an important role in reinforcing the market for corporate control, as well as in reducing agency costs by reorganizing the ownership ...
Get The Routledge Companion to Management Buyouts now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
