Question 1

Which of the following are examples of private equity firms?

Accepted Answer

A) KKR 
B) Blackstone 
C) Morgan Stanley 
D) Apollo Group 
E) All of the above
F)Both a and c
G)a, b, and d 
A) KKR 
B) Blackstone 
C) Morgan Stanley 
D) Apollo Group 
E) All of the above
F)Both a and c
G)a, b, and d G

Question 2

Examples of the types of institutions that become limited partners in private equity funds include:

Accepted Answer

A) insurance companies 
B) pension funds 
C) endowments 
D) all of the above
True or False 
A) insurance companies 
B) pension funds 
C) endowments 
D) all of the above
True or False D

Question 3

Private equity firms used to be referred to as LBO firms.

Accepted Answer

A) True 
 B)False  False

Question 4

Kaplan and Schoar found which of the following with respect to private equity firms?

Accepted Answer

A) Growth in the industry 
B) Decline in the industry 
C) Persistence in returns 
D) All of the above 
E) None of the above 
A) Growth in the industry 
B) Decline in the industry 
C) Persistence in returns 
D) All of the above 
E) None of the above

Question 5

Officer et al.found that target companies received higher takeover premiums in club deals.

Accepted Answer

A) True 
 B)False

Question 6

Phalippou and Gottschalg analyzed the same return data as Kaplan and Schoar but found that private equity returns trailed the S&P 500 when unexited deals were taken into account.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a way that private equity firms can extract money from the targets they take over:

Accepted Answer

A) LBOs 
B) Dividend recapitalizations 
C) Additional acquisitions 
D) All of the above 
E) None of the above 
A) LBOs 
B) Dividend recapitalizations 
C) Additional acquisitions 
D) All of the above 
E) None of the above

Question 8

Private equity firms have typically been compensated according to the following "formula":

Accepted Answer

A) 2% of invested capital 
B) 5 and 1 
C) 2 and 20 
D) None of the above 
A) 2% of invested capital 
B) 5 and 1 
C) 2 and 20 
D) None of the above

Question 9

Glode and Green theorize that the findings of Kaplan and Schoar may be due to insufficient disclosure by private equity firms.

Accepted Answer

A) True 
 B)False

Question 10

Drexel Burnham and Lambert and Michael Milken were pioneers in the development of the hedge fund industry.

Accepted Answer

A) True 
 B)False

Question 11

Carried interest refers to the gains on transactions by private equity firms.

Accepted Answer

A) True 
 B)False

Which of the following are examples of private equity firms?

Examples of the types of institutions that become limited partners in private equity funds include:

Private equity firms used to be referred to as LBO firms.

Kaplan and Schoar found which of the following with respect to private equity firms?

Officer et al.found that target companies received higher takeover premiums in club deals.

Phalippou and Gottschalg analyzed the same return data as Kaplan and Schoar but found that private equity returns trailed the S&P 500 when unexited deals were taken into account.

Which of the following is a way that private equity firms can extract money from the targets they take over:

Private equity firms have typically been compensated according to the following "formula":

Glode and Green theorize that the findings of Kaplan and Schoar may be due to insufficient disclosure by private equity firms.

Drexel Burnham and Lambert and Michael Milken were pioneers in the development of the hedge fund industry.

Carried interest refers to the gains on transactions by private equity firms.

Introduction

History of Mergers

Legal Framework

Merger Strategy

Antitakeover Measures

Takeover Tactics

Hedge Funds As Activist Investors

Going-Private Transactions and Leveraged Buyouts

The Junk Bond and the Leveraged Loan Market and Stapled Financing

Corporate Restructuring

Restructuring in Bankruptcy

Corporate Governance

Joint Ventures and Strategic Alliances

Valuation

Tax Issues in Mergers & Acquisitions

Filters

Exam 9: The Private Equity Market

Which of the following are examples of private equity firms?

Examples of the types of institutions that become limited partners in private equity funds include:

Private equity firms used to be referred to as LBO firms.

Kaplan and Schoar found which of the following with respect to private equity firms?

Officer et al.found that target companies received higher takeover premiums in club deals.

Phalippou and Gottschalg analyzed the same return data as Kaplan and Schoar but found that private equity returns trailed the S&P 500 when unexited deals were taken into account.

Which of the following is a way that private equity firms can extract money from the targets they take over:

Private equity firms have typically been compensated according to the following "formula":

Glode and Green theorize that the findings of Kaplan and Schoar may be due to insufficient disclosure by private equity firms.

Drexel Burnham and Lambert and Michael Milken were pioneers in the development of the hedge fund industry.

Carried interest refers to the gains on transactions by private equity firms.

Introduction

History of Mergers

Legal Framework

Merger Strategy

Antitakeover Measures

Takeover Tactics

Hedge Funds As Activist Investors

Going-Private Transactions and Leveraged Buyouts

The Junk Bond and the Leveraged Loan Market and Stapled Financing

Corporate Restructuring

Restructuring in Bankruptcy

Corporate Governance

Joint Ventures and Strategic Alliances

Valuation

Tax Issues in Mergers & Acquisitions

Filters