The  different strategies range from plain “rollup” acquisitions of similar  companies in the same region to the creation of more complex units by combining companies in different regions and/ or in adjacent end-markets. Empirical studies show that buy and build deals outperform  “normal” buyouts. However these strategies are often difficult to implement and require special skills and resources. In this session we will discuss challenges, rewards and success factors of buy&build  strategies.

This session is part of a broader lecture series surrounding the topic of private equity (PE).

Together with his guest Christopher Brackmann (Bridgepoint), Prof. Dr. Bernhard Schwetzler (HHL, Chair of Financial Management) discusses success factors of buy&build strategies in private equity led  buyouts. Christopher is a partner at Bridgepoint´s Frankfurt office and  leading the firm´s buyout activities in the DACH region. Holding a masters degree in management from HHL, he has collected extensive  experience in buyouts while working for the levered finance team of JP  Morgan in London before joining Bridgepoint in 2008.

The following topics will be highlighted and exploratively analyzed in the session:

• Do buy&build deals outperform?
• Challenges when implementing buy&build strategies
• The role of “multiple arbitrage in buy&build value creation
• Financing addon transactions in buy&build strategies

The talk will be held in English

About the HHL Public Lectures | Finance
The lecture series aims to give an overview over the asset class “private equity/venture capital”. It covers a wide array of PE/VC  related topics as e.g. the PE/VC business model, investment criteria of PE/VC funds and their performance on deal and on fund level. The lecture  series will also discuss challenges of the current market and economic environment for private equity and venture capital. 

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