Table of Contents

1. Cover
2. Preface
3. Introduction
   1. I.1. Interfirm alliances as a source of innovation and the role of private equity
   2. I.2. Lessons from the literature
   3. I.3. General questions considered in the study
   4. I.4. General study outline
4. 1 Concepts Underlying the Role of Private Equity Firms in Forming Alliances
   1. 1.1. Private equity
   2. 1.2. The concept of a strategic alliance
   3. 1.3. Strategic alliance formation in French PEFs
5. 2 The Role of Private Equity Firms in Alliance Formation from the Perspective of Value Creation
   1. 2.1. The role of PEFs from the perspective of contractual theories
   2. 2.2. The role of PEFs in light of knowledge-based theories
   3. 2.3. Sociological network theories: a supplement to the contractual and knowledge-based argumentation
   4. 2.4. The role of PEFs: a summary
6. 3 Empirical Analysis with Explanatory Design of the Role of French Private Equity Firms in the Formation of Alliances
   1. 3.1. Methodology: a multimethod study
   2. 3.2. Testing the theoretical framework
7. Conclusion
8. Bibliography
9. Index
10. End User License Agreement

List of Tables

1. 1 Concepts Underlying the Role of Private Equity Firms in Forming Alliances
   1. Table 1.1. Key figures for French private equity activity 2006–2012
   2. Table 1.2. Representation of PE activity types as a percentage of the survey compared to the parent population (France Invest)
2. 2 The Role of Private Equity Firms in Alliance Formation from the Perspective of Value Creation
   1. Table 2.1. Contractual theories: key points
   2. Table 2.2. Review of the role of PEFs in strategic alliances from the perspective of contractual theories
   3. Table 2.3. Knowledge-based theories: key points
   4. Table 2.4. Review of the role of PEFs in strategic alliances from the perspective of knowledge-based theories
   5. Table 2.5. Contractual theories versus knowledge-based theories
   6. Table 2.6. Complementary arguments provided by applying the concept of social capital to the roles of PEFs from the perspective of contractual and knowledge-based theories
   7. Table 2.7. Summary of the hypotheses
3. 3 Empirical Analysis with Explanatory Design of the Role of French Private Equity Firms in the Formation of Alliances
   1. Table 3.1. Summary of the significant results obtained for allin with confirmation or rejection of the hypothesis
   2. Table 3.2. Summary of the significant results obtained for allex with confirmation or rejection of the hypothesis
   3. Table 3.3. Summary of the results for the significant variables of the two regressions allin and extra
   4. Table 3.4. Variables according to the research hypotheses
   5. Table 3.5. Fields of analysis according to the research variables
   6. Table 3.6. Example of an intrafield analysis table
   7. Table 3.7. Example of an interfield analysis table
   8. Table 3.8. The Siparex Group field in relation to Hypothesis 1
   9. Table 3.9. The Demeter Partners field in relation to Hypothesis 1
   10. Table 3.10. The Industries et Finances Partenaires field in relation to Hypothesis 1
   11. Table 3.11. The Anonymous PEF field in relation to Hypothesis 1
   12. Table 3.12. Interfield summary in relation to Hypothesis 1
   13. Table 3.13. The Siparex Group field in relation to Hypothesis 4
   14. Table 3.14. The Demeter Partners field in relation to Hypothesis 4
   15. Table 3.15. The Industries et Finances Partenaires field in relation to Hypothesis 4
   16. Table 3.16. The Anonymous PEF field in relation to Hypothesis 4
   17. Table 3.17. Interfield summary in relation to Hypothesis 4
   18. Table 3.18. The Siparex Group field with regard to Hypothesis 2
   19. Table 3.19. The Demeter Partners field in relation to Hypothesis 2
   20. Table 3.20. The Industries et Finances Partenaires field in relation to Hypothesis 2
   21. Table 3.21. The Anonymous PEF field in relation to Hypothesis 2
   22. Table 3.22. Interfield summary in relation to Hypothesis 2
   23. Table 3.23. The Siparex Group field in relation to Hypothesis 3
   24. Table 3.24. The Demeter Partners field in relation to Hypothesis 3
   25. Table 3.25. The Industries et Finances Partenaires field in relation to Hypothesis 3
   26. Table 3.26. The Anonymous PEF field in relation to Hypothesis 3
   27. Table 3.27. Interfield summary in relation to Hypothesis 3
   28. Table 3.28. The Siparex Group field in relation to Hypothesis 5
   29. Table 3.29. The Demeter Partners field in relation to Hypothesis 5
   30. Table 3.30. The Industries et Finances Partenaires field with regard to Hypothesis 5
   31. Table 3.31. The Anonymous PEF field in relation to Hypothesis 5
   32. Table 3.32. Interfield summary in relation to Hypothesis 5
   33. Table 3.33. The Siparex Group field in relation to Hypothesis 6
   34. Table 3.34. The Demeter Partners field in relation to Hypothesis 6
   35. Table 3.35. The Industries et Finances Partenaires field with regard to Hypothesis 6
   36. Table 3.36. The Anonymous PEF field in relation to Hypothesis 6
   37. Table 3.37. Interfield summary in relation to Hypothesis 6
   38. Table 3.38. The Siparex Group field in relation to Hypothesis 10
   39. Table 3.39. The Demeter Partners field in relation to Hypothesis 10
   40. Table 3.40. The Industries et Finances Partenaires field with regard to Hypothesis 10
   41. Table 3.41. The Anonymous PEF field in relation to Hypothesis 10
   42. Table 3.42. Interfield summary in relation to Hypothesis 10
   43. Table 3.43. The Siparex Group field with regard to Hypotheses 7a and 7b
   44. Table 3.44. The Demeter Partners field with regard to Hypotheses 7a and 7b
   45. Table 3.45. The I&FP field with regard to Hypotheses 7a and 7b
   46. Table 3.46. The Anonymous PEF field with regard to Hypotheses 7a and 7b
   47. Table 3.47. Interfield summary with regard to Hypotheses 7a and 7b
   48. Table 3.48. The Siparex Group field with regard to Hypotheses 11a and 11b
   49. Table 3.49. The Demeter Partners field with regard to Hypotheses 11a and 11b
   50. Table 3.50. The Industries et Finances Partenaires field with regard to Hypotheses 11a and 11b
   51. Table 3.51. The Anonymous PEF field with regard to Hypotheses 11a and 11b
   52. Table 3.52. Interfield summary with regard to Hypotheses 11a and 11b
   53. Table 3.53. The Siparex Group field with regard to Hypotheses 8a and 8b
   54. Table 3.54. The Demeter Partners field with regard to Hypotheses 8a and 8b
   55. Table 3.55. The I&FP field with regard to Hypotheses 8a and 8b
   56. Table 3.56. The Anonymous PEF field with regard to Hypotheses 8a and 8b
   57. Table 3.57. Interfield summary with regard to Hypotheses 8a and 8b
   58. Table 3.58. The Siparex Group field in relation to Hypothesis 9
   59. Table 3.59. The Demeter Partners field in relation to Hypothesis 9
   60. Table 3.60. The Industries et Finances Partenaires field in relation to Hypothesis 9
   61. Table 3.61. The Anonymous PEF field in relation to Hypothesis 9
   62. Table 3.62. Interfield summary in relation to Hypothesis 9
   63. Table 3.63. Summary of results for the multiple case study by hypothesis
   64. Table 3.64. Reconciliation of the results of the econometric study and the multiple case study

List of Illustrations

1. Introduction
   1. Figure I.1. Business start-ups in the European Union in 2009
   2. Figure I.2. Schematic overview of the problem, its processing and the nature of PEF roles that are thus highlighted
   3. Figure I.3. Schematic overview of the general study outline
2. 1 Concepts Underlying the Role of Private Equity Firms in Forming Alliances
   1. Figure 1.1. Private equity and business lifecycle (source: France Invest). For a color version of this figure, see www.iste.co.uk/burkhardt/equity.zip
   2. Figure 1.2. Legal structure of VCMFs (left) versus JSC/VC (right)
   3. Figure 1.3. The specializations of PEFs participating in the survey according to the stage of development of supported companies
   4. Figure 1.4. Percentage of companies supported by a French PEF that have formed an intra- or extraportfolio alliance. For a color version of this figure, see www.iste.co.uk/burkhardt/equity.zip
   5. Figure 1.5. Objectives of intra- and extraportfolio alliances formed by companies supported by a French PEF. For a color version of this figure, see www.iste.co.uk/burkhardt/equity.zip
   6. Figure 1.6. Type of formalization of intra- or extraportfolio alliances formed by companies supported by a French PEF. For a color version of this figure, see www.iste.co.uk/burkhardt/equity.zip
   7. Figure 1.7. Roles of French PEFs in forming intra- or extraportfolio alliances for the companies they support. For a color version of this figure, see www.iste.co.uk/burkhardt/equity.zip
3. 2 The Role of Private Equity Firms in Alliance Formation from the Perspective of Value Creation
   1. Figure 2.1. The position of intermediary
   2. Figure 2.2. The position of the tertius
   3. Figure 2.3. Structure of an alliance without the presence of a PEF
   4. Figure 2.4. Structure in the case of an intraportfolio alliance in the presence of a PEF
   5. Figure 2.5. Structure in the case of an extraportfolio alliance in the presence of a PEF
   6. Figure 2.6. Summary of the roles of a PEF in the formation of intraportfolio alliances
   7. Figure 2.7. Summary diagram of the roles of a PEF in the formation of extraportfolio alliances
   8. Figure 2.8. Summary of the connections between the two approaches and the different theoretical frameworks
4. 3 Empirical Analysis with Explanatory Design of the Role of French Private Equity Firms in the Formation of Alliances
   1. Figure 3.1. Overview of the first question of the questionnaire addressed to PEFs
   2. Figure 3.2. Test of multicollinearity over the variables treated as qualitative based on the calculation of the VIFs for allin
   3. Figure 3.3. Testing the normality of residuals for allin
   4. Figure 3.4. Test of heteroskedasticity for the linear regression over allin
   5. Figure 3.5. Application of the regression by intervals for allin
   6. Figure 3.6. Overall significance of the independent variables for allin
   7. Figure 3.7. Application of the regression by intervals for allex
   8. Figure 3.8. Overall significance of the independent variables for allex

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