Private Equity: History, Governance, and Operations: 738 2nd Edition
Author(s): Harry Cendrowski (Author), Louis W. Petro (Author), James P. Martin (Author), Adam A. Wadecki (Author)
Publisher: Wiley
Publication Date: 11 May 2012
Edition: 2nd
Language: English
Print length: 384 pages
ISBN-10: 1118138503
ISBN-13: 9781118138502
Book Description
An authoritative guide to understanding the world of private equity (PE) investing, governance structures, and operational assessments of PE portfolio companies
An essential text for any business/finance professional’s library, Private Equity: History, Governance, and Operations, Second Edition begins by presenting historical information regarding the asset class. This information includes historical fundraising and investment levels, returns, correlation of returns to public market indices, and harvest trends. The text subsequently analyzes PE fund and portfolio company governance structures. It also presents ways to improve existing governance structures of these entities. A specific focus on portfolio company operations, including due diligence assessments, concludes the text.
Seamlessly blends historical information with practical guidance based on risk management and fundamental accounting techniques
Assists the book’s professional audience in maximizing returns of their PE investments
Highly conducive to advanced, graduate-level classroom use
Purchase of the text includes access to a website of teaching materials for instructional use
Learn more about PE history, governance, and operations with the authoritative guidance found in Private Equity: History, Governance, and Operations, Second Edition.
Editorial Reviews
From the Inside Flap
Private Equity
History, Governance, and Operations
Filled with a wealth of detail, practice tips, and examples, Private Equity: History, Governance, and Operations, Second Edition brings together an investment dream team to provide you with an indispensable reference on various private equity issues.
Starting with a thorough overview of the history of private equity (PE), how governance structures differ between private equity portfolio companies and those of public corporations, and how the operations of PE portfolio companies can be improved, Private Equity, Second Edition provides valuable information for a broad spectrum of readers, including high net-worth individuals, accountants and auditors, and private equity portfolio managers. Here, you’ll discover a goldmine of information centered on private equity, including:
Historical trends
Trends in private equity
Overall industry and fundraising trends
Harvesting private equity investments through IPOs
Legal considerations surrounding IPOs
Harvesting investments through mergers and acquisitions
Intellectual property and private equity
The private equity governance model
The value of internal control
Financial statement fraud and the investment decision
Contemporary business and competitive intelligence
How to perform manufacturing due diligence assessments
The Second Edition of this valuable handbook presents a novel framework for the analysis of private equity investments. Loaded with rich details on the PE industry, Private Equity contains all the information you need to know to become a better investor by employing sound governance practices and operations know-how.
From the Back Cover
Private Equity
History, Governance, and Operations
Filled with a wealth of detail, practice tips, and examples, Private Equity: History, Governance, and Operations, Second Edition brings together an investment dream team to provide you with an indispensable reference on various private equity issues.
Starting with a thorough overview of the history of private equity (PE), how governance structures differ between private equity portfolio companies and those of public corporations, and how the operations of PE portfolio companies can be improved, Private Equity, Second Edition provides valuable information for a broad spectrum of readers, including high net-worth individuals, accountants and auditors, and private equity portfolio managers. Here, you’ll discover a goldmine of information centered on private equity, including:
Historical trends
Trends in private equity
Overall industry and fundraising trends
Harvesting private equity investments through IPOs
Legal considerations surrounding IPOs
Harvesting investments through mergers and acquisitions
Intellectual property and private equity
The private equity governance model
The value of internal control
Financial statement fraud and the investment decision
Contemporary business and competitive intelligence
How to perform manufacturing due diligence assessments
The Second Edition of this valuable handbook presents a novel framework for the analysis of private equity investments. Loaded with rich details on the PE industry, Private Equity contains all the information you need to know to become a better investor by employing sound governance practices and operations know-how.
About the Author
HARRY CENDROWSKI is a 30-year veteran consultant to and investor in private equity and venture capital funds. He is cofounder and Managing Director of Cendrowski Corporate Advisors, a midwest financial and operations consulting firm based in Chicago, Illinois, and Bloomfield Hills, Michigan.
LOUIS W. PETRO has contributed to Wiley business publications and has written both books and journal articles. He is a professor at the University of Windsor and a CPA.
JAMES P. MARTIN is Managing Director of Cendrowski Corporate Advisors. He is a seasoned enterprise risk management professional who has performed engagements for private equity funds and their portfolio companies as well as publicly traded organizations.
ADAM A. WADECKI is Manager of Operations for Cendrowski Corporate Advisors and a lecturer at the University of Michigan, Ann Arbor.
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