摘要：The private equity sector covers the entire
spectrum from founders¡¯ financing, the
provision of capital for growth and expansion
right up to leveraged buy-outs (LBO), the acquisition
of existing companies and finally
turnaround capital, that is, investment in
non-performing companies to enable them to
have a ¡°rebirth.¡± In public discussion, there is
insufficient differentiation made between
venture capital, which finances young companies
that are still loss-making, and the LBO
business, the acquisition of long-standing
companies. Yet all segments of the private
equity spectrum are important. In the past
21 months, 71,878 million were invested in
1,520 venture capital companies in Germany.
