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 Andersch AG; AssetMetrix; Astorius; Börsen-Zeitung (WM Gruppe); CARLSQUARE; EY; Hauck&Aufhäuser; Neuberger Berman; Nordic Capital; Palero; Skadden, Arps, Slate, Meagher & Flom; The Boston Consulting Group and ValueTrust as well as by an HHL alumnus.
It is the mission of the CCTPE to provide reliable results for every-day financial decision-making. All our research focuses on high quality academic journals and the most renowned conferences in the profession.
It is the mission of the CCTPE to work on impact topics that are close to the zeitgeist of the industry.
It is the mission of the CCTPE to provide a platform for renowned international scholars and professionals and boundary-crossing research.
PE Buyout 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.
The Center for Corporate Transactions & Private Equity (CCTPE) at HHL is a leading think tank for private equity research. It is the mission of the CCTPE to provide reliable research results for everyday decision-making in the private equity industry. We are looking forward to applications for the Palero Capital Award and the CCTPE Private Equity Scholarship:
Call for Applications: Best Master Thesis in Private Equity (Palero Capital 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. The call for submissions for the Best Master Thesis in Private Equity honors Palero Capital for its trust in establishing the #1 Think Tank for Private Equity Research at HHL. The award is endowed with EUR 500. Decisions will be made by a review committee including experts from academia and practice.
Winner of the Palero Capital Award – Best HHL Master Thesis in Private Equity
Jan Hendrik Degner (2020): “Turning the football field upside down: Empirical evidence of private equity investors’ abilities to outprice strategic acquirers in M&A transactions”
Christian Schöppel (2021): “Die Bewertung von Cashflow-Sonderrechten in VC-Beteiligungsverträgen – Auswirkungen auf die Bilanzbewertung“
Dr. Heiko Hinrichs (left in the picture above, right HHL Dean Prof. Dr. Stephan Stubner) Awarded as best research associate at HHL in 2018
ZKB Best Paper Award 2018
Dr. Robert Loos (picture) and Prof. Dr. Bernhard Schwetzler: “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
BAI Science Prize in Alternative Investments 2018
Dr. Benjamin Hammer (picture above from left to right: Prof. Dr. Rolf Tilmes, Dr. Benjamin Hammer, Prof. Dr. Mark Mietzner) was awarded with the BAI Science Prize in Alternative Investments 2018 for his dissertation “Three Essays on Buy-and-Build Strategies and Default Probabilities in the Private Equity Industry”, which he completed in April 2017 at HHL under the supervision of Prof. Dr. Bernhard Schwetzler.
Our Alumni – A Growing Network
Dr. 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.
Dr. Sven Mettner
Engagement Manager, McKinsey & Company, Alumnus Doctoral Program
At the CCPTE, I experienced the perfectly suited conditions for qualitative academic and practically relevant research – with access to a strong network of practitioners, a unique PE database and experienced academics. The feedback, we got from renowned conferences and academic journals affirms this.
Dr. 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.
Dr. Nils Härtel
Consultant, Boston Consulting Group, Alumnus Doctoral Program
My doctorate at the CCTPE was personally enriching in several ways: exploring my interests in private equity research, gaining deeper insights into scientific work, discussing and partnering with other researchers (at conferences) around the world – and by doing so meaningfully linking theory and practice.
Dr. Heiko Hinrichs
Private Equity Investment Professional, Bencis Capital Partners, Alumnus Doctoral Program
The CCTPE is excellently positioned both in academia and practice. During my time at the Center, we presented our work at renowned conferences, published in high-quality academic journals and joined forces with key opinion leaders to solve practical problems.
Our Guest Speakers
Dr. Thomas A. Jesch, LL.M. Taxation (Georgetown)
Managing Board Member, bii. German Association of Institutional Investors
Private equity is a promising asset class. Fund managers and investors alike can only tap its potential if they have the appropriate know-how. HHL offers a unique combination of theoretical and empirical depth blended with cases studies and industry dialogue. I am pleased to be able to make a small contribution as a guest speaker.
Managing Partner, Carlsquare GmbH
Carlsquare truly appreciates the cooperation with the Center for Corporate Transactions and Private Equity, which gives us the opportunity to share and discuss our insights from the midcap M&A practice with an interested student audience.
The CCTPE ist supported by various high-profile companies and individuals: Andersch AG; AssetMetrix; Astorius; CARLSQUARE; Hauck Aufhäuser Lampe Privatbank AG; Nordic Capital; Palero; Skadden, Arps, Slate, Meagher & Flom as well an anonymous HHL alumnus.
Prof. Dr. Bernhard Schwetzler
Academic Director | Center for Corporate Transactions and Private Equity (CCTPE)