From some business school in Singapore called ESSEC*, comes this presentation and working paper on the performance of bought-out French companies. A few interesting findings include that sales growth differential is about 6% and the EBITDA growth differential is about 20% greater in bought-out companies than in their conventionally held peers, and that these patterns are statistically significant in the first two fiscal years after the deal.
Here’s the working paper:
- The Performance of French LBO Firms: New Data and New Results Working Paper (in English) – October 2008
And here’s the presentation:
- The Performance of French LBO Firms: New Data and New Results Presentation (in French) – October 2008
*The school apparently also has a French campus as well.