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SIN Capital and the Fullerton Health IPO
Lerner, Josh; Leamon, AnnCase HBS-817030-EEntrepreneurshipIn early 2016, David Sin, founder of the Singapore-based private equity group SIN Capital and chairman of its primary holding, Fullerton Health, was deeply involved in preparations for taking Fullerton public on the Singapore stock exchange. Three years after SIN Capital had invested in Fullerton, a provider of enterprise health management, and two years ahead of the original plan, it had attained a valuation of over S$1 billion. Listing the comp...Starting at €8.20
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The Blackstone Group's IPO
Hardymon, G. Felda; Lerner, Josh; Leamon, AnnCase HBS-808100-EFinanceSteven Schwarzman, Chairman of the Blackstone Group, has just learned that an investment group associated with the government of China wants to buy the majority of Blackstone's leveraged IPO. As he considers how to respond to this offer, Schwarzman reviews the firm's proposed structure as a public entity and assesses how he might retain the delicate balance among stakeholders while still maintaining liquidity in the market.Starting at €8.20
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Hony, CIFA, and Zoomlion: Creating Value and Strategic Choices in a Dynamic Market
Lerner, Josh; Jin, YiwenCase HBS-811032-EFinanceThe private equity group Hony Capital considers what to do with their investment in Zoomlion, which has been successful to date. The question is whether to take their money off the table, or to invest in their acquisition of a large Italian competitor.Starting at €8.20
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Motilal Oswal Financial Services Ltd.: An IPO in India
Hardymon, G. Felda; Lerner, Josh; Leamon, AnnCase HBS-807095-EFinanceThe executives of Motilal Oswal Financial Services, Ltd., one of the largest brokerages in India, are considering an IPO on the Indian markets. The company recently received a small private equity investment from two global private equity firms, which it has not yet fully invested. Historically, the Indian markets have favored higher-revenue companies. Should Motilal Oswal go public now, to take advantage of the hot Indian market, or hold off and...Starting at €8.20
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Firm Strategy Vignettes
Hardymon, G. Felda; Lerner, Josh; Leamon, AnnCase HBS-810087-EEntrepreneurshipThese three vignettes present various issues around the strategy and management of a private equity firm. In one, a senior partner must decide how to manage an over-extended colleague and how to reduce the risk of the firm's portfolio; in the second, a limited partner must decide how to respond to tensions between general partners in a fund, and in the third, the general partners must decide whether to invest in an intriguing opportunity that lie...Starting at €8.20
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Gobi Partners and DMG
Hardymon, G. Felda; Lerner, Josh; Leamon, AnnCase HBS-810095-EEntrepreneurshipThomas G. Tsao, founding general partner of Gobi Partners, an early stage venture capital firm in China, must decide how to manage his firm's largest investment after the departure of the CEO. Tom has temporarily stepped in as CEO, but finding a replacement with the necessary technical and language skills is difficult. Moreover, the company is facing significant challenges in winning business and restructuring its own operations. Should Tom stay ...Starting at €8.20
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SIN Capital and the Fullerton Health IPO, Teaching Note
Lerner, Josh; Leamon, AnnTeaching Note HBS-817119-EEntrepreneurshipTeaching note for case 817030.Starting at €0.00