| dc.description.abstract | The main goal of the study is to identify factors influencing the choice of various
divestment methods which are used by private equity funds. Based on analysis of the
literature, these factors were divided into two mam groups: internal and external factors. The
main external factors are the level of capital market development and investors' sentiment,
the amount of capital available for new investment and quality of the legal system. Internal
factors were further divided into three groups:
— dependent on the private equity fund: the type of investor and fund's reputation,
— dependent on a portfolio company: profitability, degree of innovation, asset size,
industry,
— arising from the deal specific: the type of cooperation, allocation of control rights.
Based on statistics published by the EVCA, the predominant method of divestment on
the Polish private equity market is a trade sale and initial public offerings. | pl_PL |
