CCTPE presents Palero Capital Award 2020

by Silke Pettkus | July 21, 2020
The Center for Corporate Transactions & Private Equity at HHL, a leading think tank for private equity research, awarded in cooperation with its first sponsor Palero Capital the best HHL master thesis in privat equity.

Best HHL Master Thesis in Private Equity

For the first time, the Center for Corporate Transactions & Private Equity (CCTPE) at HHL, as a leading think tank for private equity research, awarded in cooperation with its first sponsor Palero Capital the best HHL master thesis in private equity in 2020.

Palero Capital and CCTPE present award

Palero Capital, the exclusive advisor of an independent private equity fund in Luxemburg, was co-founded by HHL alumna Conny Wuppermann and the first supporter of the CCTPE. Prof. Dr. Schwetzler, the CCTPE academic director and holder of the Chair of Financial Management at HHL said: “It is great to start this new project with our very first sponsor Palero Capital to support the Private Equity research and to honour outstanding performances of our students, the PE experts of tomorrow.

“We are very pleased to honor the best Master’s thesis in private equity with the Palero Capital Award and we wish Mr. Degner and all other applicants every success for their professional future. We are happy to make our contribution to promote a closer connection between theory and practice”.

Conny Wuppermann
CFO Palero Capital

Master thesis looks at the pricing of buy-and-build transactions

The Palero Capital Award 2020 and the corresponding 500€ check went to Jan Degner, who successfully convinced the review committee including experts from academia and practice with his outstanding master’s thesis on the topic “Turning the football field upside down: Empirical evidence of private equity investors’ abilities to outprice strategic acquirers in M&A transactions”.

Palero Capital Award granted on yearly basis

Mr. Degner completed the Part-Time Master in Management and examined in his thesis the differences in transaction multiples between buy-and-build related platform acquisitions and matched strategic acquisitions, under the supervision of Dr. Benjamin Hammer, the executive director of the Center. “Mr. Degner’s master thesis combines an innovative research question with a lot of statistical rigor and is well executed along all dimensions. I am very proud to have had the chance to supervise such an outstanding academic talent and I am convinced that his results will provide a very important contribution to private equity research.

The award will be granted on a yearly basis and the CCTPE is looking forward to further great master theses dealing with Private Equity topics that qualify for this award.

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