Center for Corporate Transactions and Private Equity

Overview

Academic Director

Prof. Dr. Bernhard Schwetzler

Executive Director

Dr. Benjamin Hammer

Research Associates

  • Silke Pettkus
  • Renata Lavrova

 

Research Areas

  • Private equity
  • Mergers & acquisitions
  • Valuation

Supporters

AssetMetrix; Astorius, Börsen-Zeitung (WM Gruppe), CatCap, Handelsblatt Media Group, Neuberger Berman. Nordic Capital, Palero, Skadden, Arps, Slate, Meagher & Flom, The Boston Consulting Group, ValueTrust

What we do

In recent years, the importance of private equity (PE) as an asset class has rapidly increased and deal activity has surged to record levels. Still it is understudied academically and success factors of PE investments are not yet fully understood. The Center for Corporate Transactions and Private Equity (CCTPE) is a think tank for private equity buyouts that aims at closing this gap. The purpose of the Center is to foster high quality research output, and provide a platform for renowned scholars and industry professionals at HHL Leipzig Graduate School of Management – one of the leading business schools in Europe. Over the past years, a team of renowned and experienced scholars has created a competitive database on PE buyouts and received considerable media attention as well as several scientific awards for its research. Several high-profile companies and individuals are partnering with us to further expand our database and research. We gratefully acknowledge support by AssetMetrix, Astorius, The Boston Consulting Group, Börsen-Zeitung (as part of WM Gruppe), CatCap, as well as a HHL alumnus.

Prof. Dr. Bernhard Schwetzler, Academic Director and Dr. Benjamin Hammer, Executive Director

Robert Loos
Private Equity Investment Professional at EQT , Alumnus Doctoral Program

As an alumnus of HHL’s Chair of Financial Management, I am proud and happy to see the successful launch of the Center for Corporate Transactions and Private Equity. After having myself moved from academia back to business as a private equity investment professional, I strongly second CCPTE’s focus on high quality research while maintaining close ties to the practical world of investing and deal making at the same time.

Nils Janssen
Senior Consultant McKinsey & Company, Alumnus Doctoral Program

As a doctoral candidate at the Center for Corporate Transactions and Private Equity I was able to work on the forefront of academic research on private equity and develop knowledge relevant for both academia and practice

Research

PE Buyouts Database

  • Our database covers global private equity buyouts since 1997.
  • We use various commercial data providers as the basis and consolidate the data as well as add hand-collected information.
  • The database is constantly maintained and expanded by a group of  doctoral students.
  • PE Database Overview (PPT)

Academic Papers

We regularly publish in leading peer-reviewed academic journals. Some topics that we currently work on:

  • Buy and Build strategies
  • Cross-border buyouts
  • Secondary buyouts
  • Specialist vs. generalist funds
  • Buyouts in the SME segment
  • Gender and skill diversity
  • PE-backed IPOs

Benjamin Hammer, Alexander Knauer, Magnus Pflücke, Bernhard Schwetzler: Inorganic growth strategies and the evolution of the private equity business model

Michael Brigl, Axel Jansen, Bernhard Schwetzler, Benjamin Hammer, Heiko Hinrichs: How Private Equity Firms Fuel Next-Level Value Creation

White Papers

We regularly join forces with opinion leaders to provide decision-makers with state of the art analyses on hot topics in the private equity industry. Recent papers:

  • How to attract a premium listing multiple (joint research with The Boston Consulting Group)
  • Cracking the code in private equity software deals (joint research with The Boston Consulting Group)
  • The power of buy and build (joint research with The Boston Consulting Group)

Awards

Winner of the HHL Research Award 2018: Research Associate Heiko Hinrichs (center)

HHL Research Award 2018

Every year, the HHL Research Award is presented to a junior scientist whose publications and conference presentations greatly contributed to the scientific discourse. In 2018, Dr. Heiko Hinrichs received the award (see photo below), which includes EUR 500 in prize money. One of his co-authored papers „Does culture affect the performance of private equity buyouts?“ was published in the Journal of Business Economics. He also presented his research at renowned academic conferences, such as the Eastern Finance Association’s annual meeting in Jacksonville, USA and the Financial Management Association European Conference in Lisbon, Portugal. The HHL Research Award is endowed by Martens & Prahl Versicherungskontor GmbH and Peter Dorsch, who is a board member of the Association of Friends of HHL.

ZKB Best Paper Award 2018

Robert Loos: “Fueling the buyout machine: Fundraising in private equity”
Awarded for the best article on a subject of high practical relevance by the journal Financial Markets and Portfolio Management

Larry Lang Corporate Finance Best Paper Award 2015

Robert Loos: “Exit through exitus in private equity buyouts”
Awarded for the best corporate finance paper presented at the annual meeting 2015 of the European Financial Management Association

Meet us at the following events

Venture Capital Summit 2019

Event details

Tag der Institutionellen Kapitalanlage 2019

Event details

Our supporters

The CCTPE will be supported by various high-profile companies and individuals: AssetMetrix; Astorius; Börsen-Zeitung (WM Gruppe); CatCap; Handelsblatt Media Group; Neuberger Berman; Nordic Capital; Palero; Skadden, Arps, Slate, Meagher & Flom; The Boston Consulting Group; ValueTrust, as well an anonymous HHL alumnus.

Our team

Prof. Dr. Bernhard Schwetzler
Academic Director
Dr. Benjamin Hammer
Executive Director
Renata Lavrova
Research Associate
Silke Pettkus
Research Associate