OVERVIEW
This invaluable report is your guide to Germany's buy-out markets. It provides detailed, practical information on the realities of structuring and completing an LBO in Germany. It is designed as reference tools for the busy professional and provide clear, concise and user-friendly guide to the main legal, regulatory, tax and commercial issues when executing an LBO in this country.
Written and researched by leading international law firm Ashurst, with input from the world renowned Centre for Management Buy-out Research (CMBOR) and The Royal Bank of Scotland, these are the definitive practical guides to structuring private equity-backed buy-outs in the United Kingdom, France and Germany.
“We have found the LBO Manual to be a first rate guide to private equity-backed leveraged buy-outs in the United Kingdom and an excellent educational tool for new staff.”
Anna Baldursdottir, Director, Leverage Finance, Íslandsbanki hf
These indispensable manual delivers the most detailed picture available of how to execute a buy-out successfully in the German private equity markets. You will:
- Learn about the development of the buy-out market in Germany and the drivers behind its growth
- Understand the complexities of negotiating and completing public-to-private transactions
- See how an LBO is structured and how the various components of the deal fit together
- Discover the increasingly important impact that EC merger control legislation is having on buy-out transactions, as well as the details of the governing domestic legislation
- Learn about the various types of leveraged finance available in an LBO, recent innovations in the debt markets, and the complexities of how the debt component of a deal is structured
TABLE OF CONTENTS
Development of the Greman private equity market
The structure of leveraged buy-out transactions
Equity
Debt & security
Structuring an LBO – Greman tax aspects
EC and German merger control aspects of leveraged buy-outs
Public to privates
Equity incentives
Insolvency
Appendixes
