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Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries
Dissertation (MBA)--University of Pretoria, 2013.
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University of Pretoria
2013
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| _version_ | 1867613638173392896 |
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| access_status_str | Open Access |
| author2 | Collyer, Shaun |
| author_browse | Collyer, Shaun |
| author_facet | Collyer, Shaun |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2013. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/29444 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:19.648Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/29444 Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries Collyer, Shaun ichelp@gibs.co.za Chikaonda, Jacobeth UCTD Brazil South africa Private equity Emerging markets Dissertation (MBA)--University of Pretoria, 2013. The annual Global Venture Capital and Private Equity Country Attractiveness index which is sponsored by IESE Business school, Ernest&Young and Emlyon Business School, benchmarks the attractiveness of 116 countires for receiving institutional private equity and venture capital allocations. The factors used in determining this ranking are based on the findings from a study conducted by Groh, Liechtenstein and Leiser, (2008). South Africa was ranked 26th above Brazils' 43rd for the 2010 year meaning that as per the indexes criteria's, South Africa should be more attractive desitnation for private equity and venture capital investments over Brazil, yet the aggregate private equity deal value in South Africa in 2010 was US$1.5 billion (2009:24), while Brazil ranked 11th with aggregate deal value of US$6.3 billion (2009:US$940 million, ranking 26th) for the same period (KPMG 2011; Ernst&Young 2011).The objective of this study was to gain understanding into factors that are contributing to the attractiveness of private equity investments into Brazil through the testing of the key drivers as documented by Groh et al. (2008), and incorporating the findings of Leeds (2003) and Klonowski (2011).Throught the use of semi-structured, in-depth expert interviews, this study supported earlier studies such as that by Klonowski (2011) who contributed growth in PE investements inflow to not just the population size of a country but the ability of the inhabitants of that country to drive or stimulate local demand through the purchasing power of the emerging middle class. In the case for Brazil, the norms that have applied in other emerging markets including South Africa in relation to investor and property protection rights, administrative burdens, corporate governance and the quality of legal enforcement do not apply, or at least not to the same extent as experienced in those markets. Lastly the Study established that private equity industry itself can impact attractiveness levels both positively and negatively. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-07T15:39:28Z 2013-04-25 2013-09-07T15:39:28Z 2013-04-25 2013-04-25 2013-02-16 Dissertation Chikaonda, J 2012, Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/29444 > F13/4/137/zw http://hdl.handle.net/2263/29444 http://upetd.up.ac.za/thesis/available/etd-02162013-125405/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Brazil South africa Private equity Emerging markets Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title | Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title_full | Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title_fullStr | Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title_full_unstemmed | Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title_short | Private equity in emerging markets : a comparison between South Africa's and Brazil's private equity industries |
| title_sort | private equity in emerging markets a comparison between south africa s and brazil s private equity industries |
| topic | UCTD Brazil South africa Private equity Emerging markets |
| url | http://hdl.handle.net/2263/29444 http://upetd.up.ac.za/thesis/available/etd-02162013-125405/ |