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Private equity in Germany: An assessment of transaction, structures and players

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  • Scheuplein, Christoph

Abstract

Since the last global financial crisis, private equity activities have increased again in Germany. This article provides an overview of developments between 2012 and 2018 from an employee perspective. It shows, among other things, the volume and sectoral focus of company takeovers, the new owners after the exit of the financial investors, and the proportion of companies in which parity co-determination is practised. It also examines the most active private equity companies, their funds, their returns and their use of tax havens.

Suggested Citation

  • Scheuplein, Christoph, 2022. "Private equity in Germany: An assessment of transaction, structures and players," Study / edition der Hans-Böckler-Stiftung, Hans-Böckler-Stiftung, Düsseldorf, volume 127, number 470, June.
    • Handle: RePEc:zbw:hbsedi:470
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    File URL: https://www.econstor.eu/bitstream/10419/250741/1/1789973171.pdf
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    References listed on IDEAS

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    1. Sekanina, Alexander, 2018. "Finanzinvestoren und Mitbestimmung: Wie der Wandel der Investorenlandschaft die Mitbestimmung herausfordert," Mitbestimmungsreport 42, Hans-Böckler-Stiftung, Düsseldorf.
    2. Scheuplein, Christoph, 2018. "Private Equity Monitor 2017: Die aktuelle Tätigkeit von Finanzinvestoren in Deutschland," Mitbestimmungsreport 40, Hans-Böckler-Stiftung, Düsseldorf.
    3. Steven N. Kaplan & Per Stromberg, 2009. "Leveraged Buyouts and Private Equity," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 121-146, Winter.
    4. Ludovic Phalippou, 2014. "Performance of Buyout Funds Revisited?," Review of Finance, European Finance Association, vol. 18(1), pages 189-218.
    5. Scheuplein, Christoph, 2020. "Wer kommt, wenn Private Equity geht? Langfristige Wirkungen auf die Eigentümerstruktur deutscher Unternehmen," Forschung Aktuell 10/2020, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    6. Christoph Scheuplein, 2021. "Private equity as a commodification of companies: the case of the German automotive supply industry," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 24(4), pages 472-487, October.
    7. Robert S. Harris & Tim Jenkinson & Steven N. Kaplan, 2014. "Private Equity Performance: What Do We Know?," Journal of Finance, American Finance Association, vol. 69(5), pages 1851-1882, October.
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    Cited by:

    1. Richard Bůžek & Christoph Scheuplein, 2022. "The Global Wealth Chains of Private‐Equity‐Run Physician Practices," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 113(4), pages 331-347, September.

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