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http://ssrn.com/abstract=2031103
 
 

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The Private Equity Contract


Steven M. Davidoff


Ohio State University (OSU) - Michael E. Moritz College of Law; Ohio State University (OSU) - Department of Finance

December 10, 2011

THE OXFORD HANDBOOK OF PRIVATE EQUITY, D. Cumming, ed., Oxford University Press, March 2012
Ohio State Public Law Working Paper No. 174

Abstract:     
This chapter examines private equity's unique contracting arrangements for the acquisition of public targets. The shifting terms and structure of the private equity contract are explored, including revisions made in light of the exogenous shock of the financial crisis. Private equity's standard contractual arrangements provide optionality to abandon agreed acquisitions expanding the universe of potential acquisition targets. I argue that the success of private equity is in part due to these unique transactional arrangements.

Number of Pages in PDF File: 25

Keywords: private equity, contracts, complex contracts, contractual design

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Date posted: March 30, 2012 ; Last revised: October 3, 2012

Suggested Citation

Davidoff, Steven M., The Private Equity Contract (December 10, 2011). THE OXFORD HANDBOOK OF PRIVATE EQUITY, D. Cumming, ed., Oxford University Press, March 2012; Ohio State Public Law Working Paper No. 174. Available at SSRN: http://ssrn.com/abstract=2031103 or http://dx.doi.org/10.2139/ssrn.2031103

Contact Information

Steven M. Davidoff (Contact Author)
Ohio State University (OSU) - Michael E. Moritz College of Law ( email )
55 West 12th Avenue
Columbus, OH 43210
United States
Ohio State University (OSU) - Department of Finance ( email )
2100 Neil Avenue
Columbus, OH 43210-1144
United States

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