Default Category
-
JetBlue: Prepare for Financing
El-Hage, Nabil N.; Payton, Christopher E.J.; Smart, DarrenCase HBS-207061-EFinanceThe CFO of JetBlue is trying to decide which of two financing proposals to pursue. A straight equity issue will dilute his principal shareholders' ownership, but seems like the safer alternative in an industry that is notorious for its high failure rate. On the other hand, a convertible debt alternative seems less dilutive, and cheaper, but brings with it an increased risk of default and financial problems. Which option should John Owen pursue?Starting at €8.20
-
Kinder Morgan, Inc.--Management Buyout
El-Hage, Nabil N.; Bierbrauer, Ewa; Chew, Francine; Pierson, Leslie S.Case HBS-207123-EFinanceKinder Morgan, Inc., was a leader in the transportation and distribution of energy throughout North America, managing a master limited partnership with over $35 billion in infrastructure assets. In the summer of 2006, Richard Kinder, the founder and Chairman of Kinder Morgan, led a consortium of buyers to take the company private. The independent board of directors of Kinder Morgan must decide whether or not to accept Kinder's offer and assess th...Starting at €8.20
-
Austin, Blakeley & Cambridge, LLC
El-Hage, Nabil N.; Laconi, ChristopherCase HBS-207098-EFinanceThe founding partners of ABC, LLC, one of the leading private equity firms in the world, are trying to understand why some of the other top firms in the business, such as KKR and Apollo, have been tapping the public equity markets for their own funds, and whether they should do the same. They are also pondering how to monetize their own stake in the firm, and whether taking the firm itself public may be a viable option.Starting at €8.20
-
Berkshire Partners: Purchase of Rival Company (A)
El-Hage, Nabil N.; Baillargeon, Andre; Parks, StephenCase HBS-208023-EFinanceBerkshire Partners, a private equity firm in Boston, was pleased with their recent investment in the Holmes Group, a home comfort consumer electronics company. The portfolio company was exceeding key financial targets and Berkshire Partners was confident that it would be another successful investment. Holmes' management team then suggested acquiring a kitchen electronics company, the Rival Company. The management of Holmes believed that Rival wou...Starting at €8.20
-
TA Associates--MetroPCS (A)
El-Hage, Nabil N.Case HBS-208042-EFinanceHythem El-Nazer, a young investment professional at TA Associates, believes he has found an attractive investment opportunity for the firm, MetroPCS, a wireless telecomm service provider. However, two months earlier, TA had invested considerable resources on this company, before the company decided it could not raise equity capital, due, in part, to some accounting problems. Should El-Nazer bring this deal opportunity to the attention of TA's CEO...Starting at €8.20
-
ABRY Fund V
El-Hage, Nabil N.; Ruback, Richard S.; Pierson, Leslie S.Case HBS-208027-EFinanceIn January 2006, Andrew Banks and Royce Yudkoff were considering raising a 5th fund for their media-focused private equity firm, ABRY Partners. ABRY had a strong track record that the co-founders attributed to their group's deep knowledge of the media industry and relationships with media lenders, coupled with a client-service approach to working with Limited Partners. For the fund, Banks and Yudkoff had intended to raise $1 billion and continue ...Starting at €8.20
-
Aurora Capital Group - Douglas Dynamics
El-Hage, Nabil N.; Fishback, Birche; Gottesman, Blake; Marino, MichaelCase HBS-209010-EFinanceTo maximize their effectiveness, color cases should be printed in color. Aurora Capital, a US Private Equity firm, contemplates whether to acquire Douglas Dynamics, the leading US maker of snow plows. Does a business that is highly dependent on the weather, and is seasonal, make a good LBO candidate? This case provides a good introduction to the LBO business. What are the characteristics of a successful LBO? And how do successful PE firms create ...Starting at €8.20
-
Greenbriar Growth Partners and Microsurgery Devices
El-Hage, Nabil N.; Meyer, KristinCase HBS-310060-EGreenbriar Growth Partners (GGP), a venture capital firm, has been an investor in Microsurgery Devices (MSD) for four-plus years, and has come into conflict with the company's founder. Should the Board's Nominating Committee re-nominate the VC investor, and should the board go along with the VC's push for a stock buy-back in the midst of the financial crisis, and so soon after the company's IPO?Starting at €8.20