Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPE
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • Advanced search
The Journal of Private Equity
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Private Equity

The Journal of Private Equity

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPE
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Family-Firm Buyouts, Private Equity, and Strategic Change

Louise Scholes, Mike Wright, Paul Westhead, Hans Bruining and Oliver Kloeckner
The Journal of Private Equity Spring 2009, 12 (2) 7-18; DOI: https://doi.org/10.3905/JPE.2009.12.2.007
Louise Scholes
is a research fellow at Centre for Management Buyout Research, Nottingham University Business School, Jubilee Campus in Nottingham, UK.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: louise.scholes@nottingham.ac.uk
Mike Wright
is a professor of financial studies and director of Centre for Management Buyout Research, Nottingham University Business School in Nottingham, UK, and department of strategy and business environment, RSM Erasmus University in Rotterdam, The Netherlands.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: mike.wright@nottingham.ac.uk
Paul Westhead
is a professor in entrepreneurship and the director for the Centre of Entrepreneurship at Durham Business School, Durham University in Durham UK, and Bodø Graduate School of Business in Bodø, Norway.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: paul.westhead@durham.ac.uk
Hans Bruining
is an associate professor of strategic management in the department of management, RSM Erasmus University in Rotterdam, The Netherlands.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: jbruining@rsm.nl
Oliver Kloeckner
is completing his PhD at the Center for Entrepreneurial and Financial Studies, Technische Universitaet Muenchen in Muenchen, Germany.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: oliver.kloeckner@wi.tum.de
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

When no suitable family successor can be identified, private family firm owners may opt for a MBO or MBI. We explore the strategic orientation of former private family firms pre- and post-MBO/I. We utilize a unique hand-collected representative sample of 104 MBO/Is located across Europe. Greater scope for efficiency gains and growth/expansion was found in cases where the founder was present at time of buy-out, where no managers with equity stakes or non-executive directors were employed pre-buy-out and where the private equity investor and management were involved in succession planning.

  • © 2009 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Private Equity
Vol. 12, Issue 2
Spring 2009
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Private Equity.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Family-Firm Buyouts, Private Equity, and Strategic Change
(Your Name) has sent you a message from The Journal of Private Equity
(Your Name) thought you would like to see the The Journal of Private Equity web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Family-Firm Buyouts, Private Equity, and Strategic Change
Louise Scholes, Mike Wright, Paul Westhead, Hans Bruining, Oliver Kloeckner
The Journal of Private Equity Feb 2009, 12 (2) 7-18; DOI: 10.3905/JPE.2009.12.2.007

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Family-Firm Buyouts, Private Equity, and Strategic Change
Louise Scholes, Mike Wright, Paul Westhead, Hans Bruining, Oliver Kloeckner
The Journal of Private Equity Feb 2009, 12 (2) 7-18; DOI: 10.3905/JPE.2009.12.2.007
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • OVERVIEW OF THE FAMILY FIRM BUYOUT MARKET
    • STRATEGIC CHANGE IN FAMILY FIRMS AFTER PRIVATE EQUITY-BACKED MANAGEMENT BUYOUTS AND BUY-INS: THE EFFECT OF OWNERSHIP AND GOVERNANCE
    • CONCLUSIONS AND IMPLICATIONS
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • Family Business and Private Equity: Conflict or Collaboration? The Case of Messer Griesheim
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1096-5572 | E-ISSN: 2168-8508

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies