30.10.2012 Views

FIN A N CE - Deutsche Beteiligungs AG

FIN A N CE - Deutsche Beteiligungs AG

FIN A N CE - Deutsche Beteiligungs AG

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Would the changes have been implemented<br />

without the buy-out?<br />

five interviewees confessed that they feel a<br />

greater pressure today than before the buyout.<br />

Thus, the increased pressure is a result of increased<br />

responsibility for the company’s success<br />

and its employees, because there no longer is a<br />

Do you have more power now than before<br />

the buyout?<br />

No,<br />

less power<br />

3<br />

No<br />

9<br />

n=13 Source: <strong>FIN</strong>AN<strong>CE</strong> Research<br />

No difference<br />

4<br />

n=13 Source: <strong>FIN</strong>AN<strong>CE</strong> Research<br />

<strong>FIN</strong>AN<strong>CE</strong> Studies | Private Equity in Mittelstand Companies<br />

Yes<br />

1<br />

Yes<br />

6<br />

Partially<br />

3<br />

large corporation or charismatic founder behind<br />

which the management can hide. Those who do<br />

not feel any increase in pressure attribute this<br />

fact to the good performance of the company. In<br />

case of poor performance and an imminent danger<br />

of breaking covenants, most fear that the<br />

pressure will increase.<br />

Do you feel a greater pressure than before?<br />

No<br />

8<br />

n=13 Source: <strong>FIN</strong>AN<strong>CE</strong> Research<br />

Yes<br />

5<br />

15

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!