<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-3053</journal-id>
<journal-title><![CDATA[Apuntes del Cenes]]></journal-title>
<abbrev-journal-title><![CDATA[Apuntes del Cenes]]></abbrev-journal-title>
<issn>0120-3053</issn>
<publisher>
<publisher-name><![CDATA[Universidad Pedagógica y Tecnológica de Colombia (UPTC)]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-30532024000200077</article-id>
<article-id pub-id-type="doi">10.19053/uptc.01203053.v43.n78.2024.17259</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Increasing EBITDA by Optimizing IT costs for Private Equity Portfolio Companies]]></article-title>
<article-title xml:lang="es"><![CDATA[Aumento del EBITDA mediante la optimización de los costes informáticos]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Liepert]]></surname>
<given-names><![CDATA[Maximilian]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Mendel University in Brno Faculty of Business and Economics ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Czech Republic</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>43</volume>
<numero>78</numero>
<fpage>77</fpage>
<lpage>98</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-30532024000200077&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-30532024000200077&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-30532024000200077&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The purpose of this study is to examine how private equity firms can increase the EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of their portfolio companies through IT cost reduction strategies. A collective case study approach was used along with quantitative data collection schemes. The collective case study provided the advantage of making comparisons across various companies through replication. The quantitative research design allowed for the collection of quantitative data focusing on the performance of the three firms, namely Vista Equity Partners, the Blackstone Group Inc. and CVC Capital Partners. Five key measures were applied, i.e., margin expansion, capital expenditure (CAPEX), capital efficiency, working capital efficiency and mean adjusted change. The IT cost reduction strategies serve as value creation schemes that accentuate the EBITDA in the divestment context of private equity firms. The strategies reduce and eliminate waste, with a primary focus on optimizing being IT costs.  JEL classification: F38, D24, M15, E22, O16.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El propósito del estudio es examinar cómo las empresas de capital riesgo pueden aumentar los beneficios antes de intereses, impuestos, depreciaciones y amortizaciones (EBITDA) de sus empresas de cartera mediante estrategias de reducción de costes informáticos. Se utilizó un enfoque de estudio de caso colectivo junto con esquemas cuantitativos para la recopilación de datos. El estudio de caso colectivo ofrece la ventaja de poder realizar comparaciones entre varias empresas a través de la replicación. El diseño cuantitativo de la investigación permitió recopilar datos cuantitativos centrados en los resultados de las tres empresas: Vista Equity Partners, Blackstone Group Inc. y CVC Capital Partners. Se aplicaron cinco medidas clave: expansión de márgenes, gasto de capital (CAPEX), eficiencia del capital, eficiencia del capital circulante y cambio medio ajustado. Las estrategias de reducción de costes de TI sirven como esquemas de creación de valor que acentúan el EBITDA en el contexto de desinversión de las empresas de capital riesgo. Las estrategias reducen y eliminan el despilfarro, centrándose principalmente en la optimización de los costes informáticos.  Clasificación JEL: F38, D24, M15, E22, O16.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[cost reduction strategies]]></kwd>
<kwd lng="en"><![CDATA[financial performance]]></kwd>
<kwd lng="en"><![CDATA[profit margin enhancement]]></kwd>
<kwd lng="en"><![CDATA[corporate finance]]></kwd>
<kwd lng="en"><![CDATA[IT cost control]]></kwd>
<kwd lng="es"><![CDATA[estrategias de reducción de costes]]></kwd>
<kwd lng="es"><![CDATA[rendimiento financiero]]></kwd>
<kwd lng="es"><![CDATA[mejora del margen de beneficios]]></kwd>
<kwd lng="es"><![CDATA[finanzas corporativas]]></kwd>
<kwd lng="es"><![CDATA[control de costes de TI]]></kwd>
</kwd-group>
</article-meta>
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