The Centre for Management Buy-Out Research's findings are contributing to major debates about the value of buyouts
Buy-outs are an ever-changing area of study. Understanding the role of buy-outs in the economy and how struggling firms can be enhanced is central to the Centre's remit. It has been widely assumed failing firms come with large debts and thus are more likely to collapse in the long term. Yet the Centre's studies have shown there is no discernible difference in failure rates between bought-out firms and firms not subject to buy-outs. Furthermore, research has shown buy-outs of under-performing firms ultimately suggest improvements in employment conditions and bought-out firms display greater resilience to environmental and economic instability.
The Centre for Management Buy-Out Research carries out bespoke research projects on private equity and venture capital for UK and international government agencies, venture capitalists, banks, professional advisors and other clients. The Centre also maintains an important international network of academic and professional collaborators in Western Europe, the CEE countries, North America and Japan.
Projects undertaken by the Centre
PRIVATE EQUITY AND RISK
An evaluation of the impact of private equity on insolvency risk. Read the Report (2013, JBFA)
SURVEY OF PRIVATE EQUITY AND EMPLOYEE RELATIONS
A survey of 190 firms across Europe looking at the impact of private equity backed buy-outs on employee relations. (2008, EVCA)
An update of the 2004 survey. This report looks at the roles played by venture capitalists in buy-out deals. It is based on a postal survey of 46 buy-out companies in the Netherlands. (2008, NVP)
PRIVATE EQUITY: A STUDY OF UK INSTITUTIONAL INVESTORS
A survey of 240 pension funds, insurance companies and financial advisors in the UK which sheds light on their private equity investment strategies now and in the future. Read the Report. (2006, Adveq)
PRIVATE EQUITY AND GENERATIONAL CHANGE: THE CONTRIBUTION OF PRIVATE EQUITY TO THE SUCCESSION OF FAMILY BUSINESSES IN EUROPE
The study reveals some important insights into the planning of succession and the role of private equity. It is based on a postal survey of 117 family firms which were the subject of a private equity backed management buy-out. (2005, EVCA)
This report looks at the roles played by venture capitalists in buy-out deals. It is based on a postal survey of 46 buy-out companies in the Netherlands. (2004, NVP)
PRIVATE EQUITY IN CENTRAL EUROPE
An in-depth review of private equity in Central Europe on the eve of EU Accession for Barings Private Equity Partners. (2004, BPEP)
The report considers the role played by venture capitalists in the seed, start-up and expansion stages of an enterprise. The report is based on a postal survey of 364 companies throughout Europe. (2002, EVCA)
CMBOR - REPORTS 2001-02
- 2002, CMBOR – Management Buy-outs and Buy-ins of Family Firms. Using evidence gathered from eight case studies.
- 2002, CMBOR – Public to Private Buy-outs in the UK and Continental Europe. Based on face-to-face interviews with senior management.
- 2002, CMBOR – Management Buyouts and Restructuring Japanese Corporations. Based on a survey of Japanese companies as well as case studies.
- 2001, EVCA – Survey of the Economic and Social Impact of Management Buyouts & Buyins in Europe. This report looks at the roles played by venture capitalists in buy-out deals. It is based on a postal survey of 300 buy-out companies throughout Europe.