The changed economic conditions in Austria and the low level of interest rates are having an increasing impact on the investment behaviour of companies. Business with alternative investment opportunities was already flourishing before the global economic and financial crisis, but since the economic situation in Austria has stabilised again, alternative investments such as private equity and mergers & acquisitions (M&A) are once again on the rise.
In such transactions, family businesses (FU) in particular often consult their "trusted advisor". As already known from other studies, these are primarily tax advisors/auditors, commercial lawyers and notaries.
The aim of this qualitative study was therefore to analyse the investment and participation behaviour of private equity firms with an annual turnover of more than €5 million in both the private equity and mergers & acquisitions sectors. However, the investment behaviour of wealthy private individuals (in particular family entrepreneurs) was also to be surveyed with regard to private equity investments and mergers & acquisitions.
The content of this study included the following questions:
Tax advisors, lawyers, notaries and auditors with experience in private equity and M&A transactions of family businesses are used as respondents in this qualitative survey.