-外文翻译--家族企业收购，私募股权和战略变革-其他专业.docVIP

原文： Family-Firm Buyouts, Private Equity, and Strategic Change The European private equity and buyout market has grown in prominence over recent years. The Centre for Management Buyout Research (CMBOR，2008) has shown that the annual number of management buyouts rose from l212 in 1998 to 1,436 by the end of 2007. Buyouts of family firms represent one of the most important features of this market, with the number of deals increasing from 45 in 1998 to 559 in 2007 and the combined value from 11.2 billion to 18,3 billion over the same period. In 2007 family firms contributed 38% of the number and 1