Module inspires private equity book
An elective module at London Business School has inspired a new book aimed at giving its readers a valuable insight into the private equity industry.
International Private Equity by Eli Talmor, Professor of Accounting and Chairman of the School's Coller Institute of Private Equity, and Florin Vasvari, Assistant Professor of Accounting, explores a range of subjects such as LBO modelling, the secondaries markets, emerging markets, fund due diligence, listed private equity and gatekeepers.
The book, inspired by the School's Private Equity and Venture Capital MBA elective, switches between text and case studies over 30 chapters covering a variety of issues from buyouts to business angel investing and venture capital.
The book delves deep into the Coller Institute's extensive array of case studies from Europe, the Middle East, Africa and Asia and is therefore truly international in focus.
"Our book sits squarely at the crossroads of academia and practice, where there is no mercy for just being conceptual or lacking timeliness," explain the authors. "This creates challenges - yet great fun - in understanding the subject; in particular what makes it so effective, fascinating, and perhaps addictive."
Henry R Kravis, Co-Chairman and Co-CEO of Kohlberg, Kravis Roberts, said: "Professors Talmor and Vasvari combine academic rigour and real world cutting edge experience to provide an insightful and detailed description of private equity today. This is a most valuable contribution to academia, the industry, and to business in general."
Dominique Senequier, CEO of AXA Private Equity, said: "International Private Equity provides a most comprehensive insight and practical review of what the private equity world is. Professors Eli Talmor and Florin Vasvari have distilled years of investing experience and financial analysis into a text that is a must-read for everyone interested in the field, whether a novice student or an experienced investor."