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Akquisitionsfinanzierung strategischer Investoren

Akquisitionsfinanzierung strategischer Investoren


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About the Book

Bachelorarbeit aus dem Jahr 2008 im Fachbereich BWL - Investition und Finanzierung, Note: 1,0, Hochschule für Wirtschaft und Umwelt Nürtingen-Geislingen; Standort Nürtingen, Sprache: Deutsch, Abstract: Aufgrund des erheblichen Ertragspotentials scheitern heutzutage die wenigsten Unternehmensübernahmen an der eigentlichen Transaktion. Nahezu für jeden noch so kleinen Bereich existieren spezialisierte Beratungsunternehmen und Makler, die ihre Provisionen und Gebühren über das Zustandekommen der Transaktion erwirtschaften. Folglich haben all diese das gemeinsame Interesse, die Transaktion abzuschließen. Das akquirierende Unternehmen verfolgt meist weiter reichende, strategische Ziele und ist somit an einem erfolgreichen Abschluss des gesamten Projektes interessiert. Hierbei ist vor allem eine erfolgreiche Integration und damit verbundene Umsetzung der strategischen Ziele gemeint. Die Integration gilt heutzutage neben der Transaktionsvorbereitung und der Akquisitionsstrategie als die Hauptursache für das Scheitern vieler Übernahmen und ist somit Mittelpunkt etlicher, aktueller Untersuchungen. Mängel bei der Transaktionsvorbereitung jedoch können selbst durch eine perfekte Integration nicht aufgefangen werden. Dies gilt vor allem für die Wahl der richtigen Akquisitionsfinanzierung. Bereits 1994 stellte Wujtowicz fest: "Instead of receiving primary attention, financing is often left as a final detail in structuring an acquisition. Yet many business failures are attributable to inappropriate capitalization rather than operational problems." Trotzdem dieses Problem also schon seit langem bekannt ist, findet sich kaum Literatur über die Akquisitionsfinanzierung strategischer Investoren. Bestehende Literatur zum Thema Akquisitionsfinanzierung bezieht sich nahezu ausschließlich auf die Finanzierung von Buy-Out Modellen. Bei Unternehmensübernahmen durch strategische Investoren wird eine solche Struktur jedoch nur äußerst selten eingesetzt. Genau aus diesem Grund und der immen


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Product Details
  • ISBN-13: 9783640376612
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 9 mm
  • Width: 148 mm
  • ISBN-10: 3640376617
  • Publisher Date: 19 Jul 2009
  • Height: 210 mm
  • No of Pages: 152
  • Series Title: German
  • Weight: 258 gr


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