Private Equity Minority Investments - UniversitÃƒÂ¤t St.Gallen

More documents

Recommendations

Info

The University of St. Gallen, School of Management, Economics, Law,Social Sciences and International Affairs hereby consents to the printing ofthe present dissertation, without hereby expressing any opinion on theviews herein expressed.St. Gallen, October 24, 2011The President:Prof. Dr. Thomas BiegerThe same work is published as Volume 306 of the series «SchweizerSchriften zum Handels- und Wirtschaftsrecht», edited by Prof. Dr.Peter Forstmoser.ISBN 978-3-03751-420-7
AcknowledgementsThe process of writing my doctoral thesis would have been impossiblewithout the professional and personal support and advice of many people. Iwould like to take this opportunity to express my gratitude to them.First and foremost, I sincerely thank my supervisor, Prof. Dr. Peter Nobelof the University of St. Gallen, who, with his wealth of legal knowledgeand experience, provided valuable academic advice, insights and much foodfor thought. I am equally grateful to Prof. Dr. Dr. Ann-Kristin Achleitner ofthe Technical University of Munich, my co-supervisor, for her deepeconomic expertise, guidance, enthusiasm, and motivation. I have beenvery fortunate to have worked with two such outstanding scholars whom Ideeply admire.In writing this dissertation, I benefited from numerous interviews withprivate equity professionals whom I would like to thank for sharing theirexperiences with and views of private equity minority investments. I amespecially grateful to Dr. Björn Böckenförde for sharing his time,knowledge, and experiences, along with his trust and openness, all of whichwere highly instrumental in preparing the case study.Special thanks for the ongoing discussions on this research are due to myfriends and colleagues. In particular, I am grateful to Dr. Julia Gentgen, Dr.Magdalena Haslinger, Simon Pfennigsdorf, and Nadine Wahlquist.Lastly, I would like to thank my brother, Stefan Söding, for his enduringsupport throughout the writing phase, and my parents, Dr. Helga Södingand Dr. Herbert Greiner, who enabled my education and supported me inevery respect throughout my entire life. Without their love andunconditional support, I would not be where I am today.Zurich, May 2011Judith Verena Söding
Page 1: Private Equity Minority Investments
Page 7 and 8: Executive SummaryTriggered by the f
Page 9: Summary ContentsSummary ContentsSum
Page 12 and 13: Table of Contents3.2.1 Source of Ca
Page 14 and 15: Table of ContentsXIV2 Ex Ante and E
Page 16 and 17: Table of ContentsXVI3.3.5 Voting Ag
Page 18 and 19: Table of ContentsProtection .......
Page 20 and 21: Table of Contents5.3.2 Board of Dir
Page 24 and 25: List of FiguresList of FiguresFigur
Page 26 and 27: BibliographyTable of ReferencesACHA
Page 28: BibliographyASTRACHAN, Joseph H. an
Page 31 and 32: Bibliography- “Corporate Governan
Page 33 and 34: BibliographyBURKHALTER, Thomas, Ein
Page 37 and 38: Bibliography- “Herausforderungen
Page 39 and 40: Bibliography- “Interessenkonflikt
Page 41 and 42: Bibliographyavailable at http://www
Page 43 and 44: BibliographyHART, Oliver, “Incomp
Page 45 and 46: BibliographyHUSER, Patrick A., Anle
Page 49 and 50: BibliographyLUBATKIN, Michael H., S
Page 51 and 52: BibliographyMODIGLIANI, Franco and
Page 53 and 54:
of MPRDC without reference to the a
Page 55 and 56:
BibliographyRÜDISSER, Michèle, Bo
Page 57 and 58:
BibliographySTOUT, Lynn A., “The
Page 59 and 60:
Bibliography- “Interessenkonflikt
Page 61 and 62:
BibliographyWEBER, Martin, “Recht
Page 63 and 64:
List of AbbreviationsList of Abbrev
Page 65 and 66:
lit.MBI / MBOMerger ActNNBERNo.NZZl
Page 67 and 68:
Part One: Introduction andTheoretic
Page 69 and 70:
Chapter I: Introductionfinancial cr
Page 71 and 72:
Chapter I: IntroductionBResearch To
Page 73 and 74:
Chapter I: Introductionaddress in p
Page 75 and 76:
Chapter I: Introductioninvestment s
Page 77 and 78:
Chapter I: Introductioninvestors pu
Page 79 and 80:
Chapter I: Introductioninvestments
Page 81 and 82:
Chapter I: Introductioncorporations
Page 83 and 84:
Chapter II: Theoretical Foundations
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
2.1.2 Underlying Assumptions and Ke
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137:
Page 140 and 141:
Part Two: Legal Framework and Tools
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
Page 152 and 153:
Page 154 and 155:
Page 156 and 157:
Page 158 and 159:
Page 160 and 161:
Page 162 and 163:
Page 164 and 165:
Page 166 and 167:
Page 168 and 169:
Page 170 and 171:
Page 172 and 173:
Page 174 and 175:
Page 176 and 177:
Page 178 and 179:
Page 180 and 181:
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Page 194 and 195:
Page 196 and 197:
Page 198 and 199:
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Page 234 and 235:
Page 236 and 237:
Page 238 and 239:
Page 240 and 241:
Page 242 and 243:
Page 244 and 245:
Page 246 and 247:
Page 248 and 249:
Page 250 and 251:
Page 252 and 253:
Page 254 and 255:
Page 256 and 257:
Page 258 and 259:
Page 260 and 261:
Page 262 and 263:
Page 264 and 265:
Page 266 and 267:
Page 268 and 269:
Page 270 and 271:
Page 272 and 273:
Page 274 and 275:
Page 276 and 277:
Page 278 and 279:
Page 280 and 281:
Page 282 and 283:
Page 284 and 285:
Page 286 and 287:
Page 288 and 289:
Page 290 and 291:
Page 292 and 293:
Page 294 and 295:
Page 296 and 297:
Page 298 and 299:
Page 300 and 301:
Page 302 and 303:
Page 304 and 305:
Page 306 and 307:
Page 308 and 309:
Page 310 and 311:
Page 312 and 313:
Page 314 and 315:
Page 316 and 317:
Page 318 and 319:
Page 320 and 321:
Page 322 and 323:
Page 324 and 325:
Page 326 and 327:
Page 328 and 329:
Page 330 and 331:
Page 332 and 333:
Page 334 and 335:
Page 336 and 337:
Page 338 and 339:
Page 340 and 341:
Page 342 and 343:
Page 344 and 345:
Page 346 and 347:
Page 348 and 349:
Page 350 and 351:
Page 352 and 353:
Page 354 and 355:
Page 356 and 357:
Page 358 and 359:
Page 360 and 361:
Page 362 and 363:
Page 364 and 365:
Page 366 and 367:
Page 368 and 369:
Page 370 and 371:
Page 372 and 373:
Page 374 and 375:
Page 376 and 377:
Page 378 and 379:
Page 380 and 381:
Page 382 and 383:
Page 384 and 385:
Page 386 and 387:
Page 388 and 389:
Page 390 and 391:
Page 392 and 393:
Page 394 and 395:
Page 396 and 397:
Page 398 and 399:
Page 400 and 401:
Page 402 and 403:
Page 404 and 405:
Page 406 and 407:
Page 408 and 409:
Page 410 and 411:
Page 412 and 413:
Page 414 and 415:
Page 416 and 417:
Page 418 and 419:
Page 420 and 421:
Page 422 and 423:
Page 424 and 425:
Page 426 and 427:
Page 428 and 429:
Page 430 and 431:
Page 432 and 433:
Page 434 and 435:
Page 436 and 437:
Page 438 and 439:
Page 440 and 441:
Page 442 and 443:
Page 444 and 445:
Page 446 and 447:
Page 448 and 449:
Page 450 and 451:
Page 452 and 453:
Page 454 and 455:
Page 456 and 457:
Page 458 and 459:
Page 460 and 461:
Page 462 and 463:
Page 464 and 465:
Page 466 and 467:
Page 468 and 469:
402
Page 470 and 471:
Part Three: Case Study - SimilorGro
Page 472 and 473:
Page 474 and 475:
Page 476 and 477:
Page 478 and 479:
Page 480 and 481:
Page 482 and 483:
Page 484:
Judith Verena Söding (1983) studie
show all

Private Equity Minority Investments - UniversitÃƒÂ¤t St.Gallen

Create successful ePaper yourself

Delete template?

Save as template?