The Private Equity Edge: How Private Equity Players and the World's Top Companies Build Value and Wealth

The Private Equity Edge: How Private Equity Players and the World's Top Companies Build Value and Wealth

by Arthur B . Laffer (Author), WilliamJ.Hass (Author), Iv,ShepherdG.Pryor (Author)

Synopsis

The world is changing and has neverbeen more challenging to private equityplayers, public companies, and investors. Withrecord market volatility and a global economiccrisis, decision makers of all types canlearn from successful private equity playersand other top value builders.

Private equity is growing at a rapid rate, with $2.7 trillion intransactions since 2001 and buyouts occurringin every type of market, including decliningones. And now, with the end of investmentbanks as we know them, the door is open tomore opportunities than ever.

In The Private Equity Edge, economics giantArthur B. Laffer, along with value-buildingexperts William J. Hass and Shepherd G.Pryor IV, combines the concepts of intrinsicvalue, macroeconomics, and incentives intoa single strategy used by today's top valuebuilders. You'll learn how to create valuewhile reducing risk by:

  • Thoroughly exploring relevant datato quantify ranges of value and risk
  • Anticipating reactions of thosewhom you seek to influence
  • Exploring possibilities and optionsbefore making major decisions
  • Employing incentive systems that workin both up and down markets

Examples of major private equity playersat Blackstone, KKR, Carlyle, Cerberus, andMadison Dearborne Partners illustrate whatto do and what to avoid in specific situations.

Decision makers seeking to take full advantageof the new, interconnected world ofbusiness and economics will learn how tomake the best decision the first time around,quickly and with conviction-the key toseizing the private equity edge.

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More Information

Format: Hardcover
Pages: 448
Publisher: McGraw-Hill Professional
Published: 01 Mar 2009

ISBN 10: 0071590781
ISBN 13: 9780071590785

Author Bio

Arthur B. Laffer, Ph.D., served as one of President Ronald Reagan's chief economic advisers in the 1970s and 1980s. His supply-side theories helped trigger the global tax-cutting movement of the 1980s. Laffer is on The Wall Street Journal's Gallery of the Greatest People Who Influenced Our Daily Business and was referred to as one of the century's greatest minds in Time magazine. Inventor of the Laffer Curve, he serves on various public and private boards and is the recipient of two Graham & Dodd awards and the Adam Smith award.
William J. Hass, CTP, is CEO of the strategy and turnaround firm TeamWork Technologies. He previously served as chairman of the Turnaround Management Association and was a partner of accounting giant Ernst & Young. He is a certified turnaround professional.
Shepherd G. Pryor IV is a consultant, corporate director, and educator on the subject of corporate value. He has served on the boards of four corporations and was formerly corporate banking leader at Wells Fargo Bank.