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Value Creation Resources


The resources contained in this section have been researched and written by third-parties. EMPEA provides access to third-party reports that we believe may be valuable to our site visitors as well as additional resources related to impact investing. However, EMPEA accepts no responsibility for the accuracy or the completeness of the material. For questions and confirmat ion of the information provided, please contact the originating company. The views in these reports are of the authors and do not necessarily represent the views of EMPEA.

Private equity in Africa maturing quickly

Source: EY

EY's second annual study of value creation in Africa reveals an industry that is developing quickly, but in a measured way.

There is now little doubt that PE firms in the region are creating value, particularly through hands-on involvement in the companies they back. In fact, African PE outperforms the North American and European markets when calculating relative returns.

Although exits were down in 2013, the pipeline is filling as investments made in recent years become ready for sale. Those exits will provide further evidence of African PE’s value-creating potential.

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Private equity value creation in Europe

Source: EY

Private equity has consistently outperformed public equity markets, according to EY's analysis of the largest European businesses that PE has owned and exited over the past nine years. Results from 2013 add further weight to this.

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Private equity value creation in North America

Source: EY

EY's seventh study of value creation in North America highlights the flexibility of the PE model and its ability to generate outperformance throughout an economic cycle – most recently from pre-crisis through the downturn and now into recovery.

The outperformance over comparable public markets is dramatic. In EY's sample of exits between 2006 and 2013, PE returned 2.4x over similar publicly listed companies, with PE’s strategic and operational expertise playing a key role.

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Great expectations: what’s next for Latin American private equity?

Source: EY

In contrast to last year's study, which was set at a time of more promising economic conditions, this year's research into Latin American private equity (PE) exits has a more challenging backdrop. The year saw GDP growth forecasts revised downward for many of the region's most significant economies, and uncertainty prevailed in the public markets following the US Federal Reserve's announcement of a tapering of quantitative easing. Meanwhile, in some countries, such as Brazil, stubbornly high inflation remained an issue.

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Private Equity Investing in Emerging Markets: Opportunities for Value Creation

Feb 2015  |  Source: Roger Leeds, Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and Founding Chairman of EMPEA

In Private Equity Investing in Emerging Markets: Opportunities for Value Creation, Roger Leeds, Professor at the School of Advanced International Studies (SAIS) of the Johns Hopkins University and Founding Chairman of EMPEA, illustrates how private equity is a tool uniquely suited to strengthening the value and performance of businesses in emerging market countries.

The book outlines how private equity can play a significantly larger role in the enhancement of both individual company performance and the private sector's overall contribution to economic growth and development. Drawing heavily on actual investor experiences, Leeds shows readers how the same inefficiencies and weaknesses that characterize business climates in emerging market countries also open the door to outsized opportunities for private equity investors.

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Who’s on a Value-creation Team?

Jan 2015  |  Source: Privcap

After a PE firm acquires a company, the firm needs to assemble a team to put together a value-creation plan, sometimes known as the "100-day plan." Mauro Bonugli of McGladrey explains who should be involved in the process, and how a firm's strategies inform who's at the table.  

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Broadening Horizons: How Do Private Equity Investors Create Value?

Dec 2014  |  Source: African Private Equity and Venture Capital Association, EY 

Africa's remarkable momentum for growth continues, as does our ambition to provide investors with credible and trusted data on the Africa private equity and venture capital landscape. African private equity and venture capital landscape. This research offers key information on the ways in which private capital creates value and delivers commercial returns, presenting practical, evidence-based indicators of what it takes to grow a portfolio company and to exit successfully in Africa. 

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PE Value-Creation Stories

Oct 2014  |  Source: Privcap

PE Value-Creations Stories details seven essential case studies about how PE firms improve portfolio companies. This compilation from Privcap includes some of their best general partner interviews, in which industry leaders provide insights into how their firms have helped businesses to thrive, and their investors to turn impressive profits.

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Impact Case Studies

Mar 2014  |  Source: EMPEA

EMPEA's Emerging Markets Private Equity Impact Case Study Series highlights examples of the unique and catalytic role played by private equity investors for the companies in which they invest and the communities in which they operate.

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Building Vital Partnerships: How Do Private Equity Investors Create Value?

May 2013  |  Source: EMPEA and EY

Our second annual study, looking at how PE investors create value in Latin American businesses, extends our research into PE’s transformational role in Latin America’s continued economic development. The results of this year’s study confirm our initial findings — PE firms are focused on growth and hands-on partnerships with entrepreneurs to transform companies into market leaders. Through extensive involvement, PE investors work with the entrepreneurs they back to identify and develop new products, expand geographically and exit profitably.

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