Submitted by Daniel Hoene (daniel-hoene@gmx.de) on 2016-03-17T02:11:14Z No. of bitstreams: 1 Daniel Hoene.pdf: 1204800 bytes, checksum: 80727c04207d47b288a6fb755cda7a16 (MD5) / Rejected by Janete de Oliveira Feitosa (janete.feitosa@fgv.br), reason: Sr. Daniel, boa tarde. Solicitamos nova submissão digital pois na submissão feita não consta a Folha de Assinatura da Banca da defesa. O impresso entregue na Secretaria está correto. Não há necessidade de nova impressa. Aguardamos novo contato quando o senhor tiver feito a nova submissão. Cordialmente, Janete on 2016-04-12T19:41:22Z (GMT) / Submitted by Daniel Hoene (daniel-hoene@gmx.de) on 2016-04-13T21:48:35Z No. of bitstreams: 1 Thesis - Daniel Hoene.pdf: 1513393 bytes, checksum: e3291314873d496efd62f42557f5473f (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2016-04-14T20:03:26Z (GMT) No. of bitstreams: 1 Thesis - Daniel Hoene.pdf: 1513393 bytes, checksum: e3291314873d496efd62f42557f5473f (MD5) / Approved for entry into archive by Maria Almeida (maria.socorro@fgv.br) on 2016-05-09T12:30:31Z (GMT) No. of bitstreams: 1 Thesis - Daniel Hoene.pdf: 1513393 bytes, checksum: e3291314873d496efd62f42557f5473f (MD5) / Made available in DSpace on 2016-05-09T12:34:00Z (GMT). No. of bitstreams: 1 Thesis - Daniel Hoene.pdf: 1513393 bytes, checksum: e3291314873d496efd62f42557f5473f (MD5) Previous issue date: 2016-01-29 / This thesis elaborates the creation of value in private equity and in particular analyzes value creation in 3G Capital’s acquisition of Burger King. In this sense, a specific model is applied that composes value creation into several drivers, in order to answer the question of how value creation can be addressed in private equity investments. Although previous research by Achleitner et al. (2010) introduced a specific model that addresses value creation in private equity, the respective model was neither applied to an individual company, nor linked to indirect drivers that explain the dynamics and rationales for the creation of value. In turn this paper applies the quantitative model to an ongoing private equity investment and thereby provides different extensions to turn the model into a better forecasting model for ongoing investments, instead of only analyzing a deal that has already been divested from an ex post perspective. The chosen research approach is a case study about the Burger King buyout that first includes an extensive review about the current status of academic literature, second a quantitative calculation and qualitative interpretation of different direct value drivers, third a qualitative breakdown of indirect drivers, and lastly a recapitulating discussion about value creation and value drivers. Presenting a very successful private equity investment and elaborately demonstrating the dynamics and mechanisms that drive value creation in this case, provides important implications for other private equity firms as well as public firms in order to develop their proprietary approach towards value creation.

Submitted by Giovanni Lucheses (giovannirl@fgv.br) on 2012-07-16T15:39:17Z No. of bitstreams: 1 Dissertação_Vfinal.pdf: 523797 bytes, checksum: 51c0f0c8eb514cda94eda8cafb770be5 (MD5) / Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2012-07-16T17:55:25Z (GMT) No. of bitstreams: 1 Dissertação_Vfinal.pdf: 523797 bytes, checksum: 51c0f0c8eb514cda94eda8cafb770be5 (MD5) / Approved for entry into archive by Marcia Bacha (marcia.bacha@fgv.br) on 2012-07-23T18:28:14Z (GMT) No. of bitstreams: 1 Dissertação_Vfinal.pdf: 523797 bytes, checksum: 51c0f0c8eb514cda94eda8cafb770be5 (MD5) / Made available in DSpace on 2012-07-23T18:28:37Z (GMT). No. of bitstreams: 1 Dissertação_Vfinal.pdf: 523797 bytes, checksum: 51c0f0c8eb514cda94eda8cafb770be5 (MD5) Previous issue date: 2011-12-05 / O presente estudo de caso investiga a possibilidade de utilização de métricas de gestão de valor na análise econômica de projetos de investimento e, por consequência, objetiva auxiliar no processo de tomada de decisões acerca de investimentos. Para tal, o arcabouço teórico fundamenta-se na teoria de gestão baseada em valor e análises tradicionais de avaliação de projetos de investimentos. O objetivo é verificar a aderência entre as ferramentas tradicionais (VPL – valor presente líquido) e as novas, baseadas em valor (EVA – valor econômico agregado, CVA - valor adicionado base caixa), amplamente utilizadas para medir o desempenho empresarial. / This case study investigates the possibility of using value management metrics in economic analysis of investment projects and, therefore, aims to assist investment decision making. To this end, the theoretical framework is based on value based management theory and traditional assessment analysis of investment projects. The goal is to check the adhesion between the traditional tools (NPV – net present value) and the new ones, which are value-based (EVA - economic value added, CVA – cash value added) and widely used to measure business performance.