Institutional presentation

Transcription

1 Institutional presentation 2012 Con il patrocinio di: Sponsors:

2 Agenda SDA Bocconi School of Management Research activity Mission Goals Research Team Institutional collaborations and networking The Database Output Articles Contacts 2

3 SDA Bocconi School of Management Research activity PE and LBO Lab works within the SDA Bocconi School of Management Research Division SDA Bocconi is the national reference point in the field of education and of research applied to management activity SDA Bocconi offers more than 300 courses, 20 masters, employs 420 people with a dedicated faculty of 321 lecturers SDA Bocconi develops more than days of teaching per year 3

4 Mission Commitment to the process of cultural growth in a context of synergistic collaboration between companies and the financial market Increase transparency and the development of knowledge in the Private Equity and M&A market Being an independent point of reference for companies and financial transactors/dealers where to debate problems and prespectives in a mutual interest view 4

5 Goals Give a systematic interpretation, always updated, of the market (trends, typology and size of the deals) Describe the portfolio composition of the backed companies and the way-out conditions Analyse the funds investment policies, the reasons and conditions under which shareholders sell their stakes, the prices trends 5

6 Goals (follows ) Identify problematic areas, discuss about new market spaces/segments, evaluate transactors/dealers behavioral perspectives Compare Italian market trend with the international market Produce studies and innovative researchs on the PE market able to support dealers activity 6

7 Research Team Private Equity and LBO Laboratory Director: Prof. Valter Conca SDA Professor EMCFB Director - Executive Master in Corporate Finance and Banking; Associate Professor Bocconi University Dott. Osvaldo Maria Baione Dott. Daniele Ingannamorte Dott. Giulio Camia Dott. Alberto Ongini Dott. Vittorio Riccardi Dott. Emanuele Cairo Other collaborations: Prof. Raoul Pisani (Bank and Insurance Area) Prof. Renzo Cenciarini (Administration Finance and Control Area) 7

8 Institutional collaborations and networking (Turnaround management) (Recruiting company) (Private Equity firm) (Business advisor) (Financial advisor) (Fiscal advisor ) (Legal advisor) With the patronage of: International networking: CMBOR Nottingham University (U.K.) M&A Research Centre S.Gallen University (CH) 8

9 The Database Press Review Sponsors M&A Database Other external sources Survey and interviews INPUT DATABASE UPDATING Database Review OUTPUT Economia & Management Column Press and Ar3cles Working Papers Research and Thesis Annual Conference and Workshops 9

10 The Database (follows ) 8 descriptive fields of the backed companies 38 descriptive fields of the deals 14 descriptive fields of the way out 1554 deals detected of which 1363 from year target companies in database of which 1093 from year identified way out of which 633 from year 2000 Starting from 2005: 842 deals 539 target companies 451 way out! The database can be consulted only by researchers 10

11 Outputs Research reports: production of reports about the market situation and of innovative scientific researches Columns: published on the journal Economia & Management Publications: publication of researchs, reports and articles in specialized journals and newspapers Workshop: on specialized topics of interest for practitioners Conference: organized yearly on the themes of major actuality and attraction for dealers Researches to order 11

12 Outputs (follows ) Research reports (2008/10): Private equity and LBO Market Outlook (2008, 2009 and 2010) Credit crunch effects on LBOs Debt remodeling and LBO financing Post IPO performance of backed companies Industrial acquisitions and private equity: does the premium price for synergies remain? Columns: The ranking in the private equity market (Il Sole 24 Ore) The private equity and LBO market (Economia & Management) M&A and Private Equity Laboratory: industrial acquisitions and financial acquisitions (AFCNet Community SDA Bocconi) Turnaround deals (Economia & Management) Special situations acquisitions 12

13 Outputs (follows ) Publications (2009/10): Credit crunch, liquidity contraction and LBO: which changes in the leveraged finance market (Economia & Management) Private equity, fears for 2009 (Il Sole 24 Ore) Private equity: 2008 positive (Via Sarfatti 25) Private equity down 60% (Il Sole 24 Ore) The risk evaluation in the private equity portfolio. Hypothesis for a model of Private Equity Risk Rating (Economia & Management) Workshop : Vertical and horizontal acquisitions as opportunities for aggregation in the sector chains (AFCNet Community SDA Bocconi) The role of the AFC function in the M&A processes (AFCNet Community SDA Bocconi) The dual track process in the way out (Executive MBA) The role of the advisor in the private equity acquisitions (Executive MBA) SPAC: new investment oportunity (2011) 13

14 Outputs (follows ) Conferences: The private equity market: half success (Bocconi University, 2007) The private equity and LBO market. The credit crunch effects on the leveraged acquisitions (SDA Bocconi, 2008) How the private equity market changes after the credit crunch (SDA Bocconi, 2009) The crisis effects on the private equity stakes portfolio. A study on the Italian market (SDA Bocconi, 2010) The role and behaviour of the Italian Limited Partners in Private Equity. The results of an empirical research (SDA Bocconi 2011) General Partners organizational models in Private Equity. The results of an empirical research (SDA Bocconi 2012) 14

15 Articles 15

16 Articles (follows ) 16

17 Articles (follows ) 17

18 Articles (follows ) 18

19 Articles (follows ) 19

20 Articles (follows ) 20

21 Articles (follows ) 21

22 Articles (follows ) 22

23 Gli articoli (segue ) 23

24 Contatti Laboratorio Private Equity & LBO "Claudio Dematté" Research Division SDA Bocconi School of Management Via Bocconi, MILANO Phone: Fax: privateequity@sdabocconi.it Web Page: 24

25