HBSP (USA)
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RMS: Investing in Chinese Timberland
Perold, Andre F.Case HBS-213002-EFinanceThe protagonist is considering acquiring a timber property located in rural China, a region where almost no timberland investment has taken place. The question is how to value the property, including understanding the appropriate risk-adjusted return.Starting at €8.20
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The Redevelopment of Palazzo Tornabuoni (A)
Yog, Sid; Segel, Arthur I; Andrade, RicardoCase HBS-216069-EFinanceIn the Spring of 2004, Byrne Murphy and his partners at Fingen Group discussed options to redevelop Palazzo Tornabuoni, an iconic 15th century palace in the heart of Florence, Italy. The possibilities included turning the upper floors into office space, hotel rooms, condominiums, or a private residence club, a new concept that was quickly gaining popularity in the U.S. but still largely untested in Europe. While they factored the economics and th...Starting at €8.20
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Mubadala and EBX: To X or to X It
Lietz, Nori Gerardo; Andrade, RicardoCase HBS-217065-EFinanceIn April 2012, Mubadala, Abu Dhabi's sovereign wealth fund invested $2 billion in Brazlian conglomerate, EBX, believing the company to be undervaluing by the public markets. Shortly thereafter, however, EBX and its multiple business lines began to spiral downward. Hani Barhoush and Oscar Fahlgren, members of Mubadala's investment team, were now charged with leading the restructuring efforts on behalf of Mubadala. The situation was exceptionally c...Starting at €8.20
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AXA MONY
Perold, Andre F.; White, LucyCase HBS-208062-EFinanceAXA's friendly bid for MONY is contested by activist hedge funds suspicious of management's generous change in control contracts. Votes trade after the record date. AXA financed the bid using an unusual conditionally convertible bond which may have affected incentives to trade and vote MONY shares.Starting at €8.20
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International Carbon Finance and EcoSecurities
Perold, Andre F.; Reinhardt, Forest L.; Hyman, MikellCase HBS-208151-EFinanceIn late 2007, EcoSecurities had to decide whether to undertake a new Clean Development Mechanism (CDM) project in China. EcoSecurities was an aggregator of carbon credits and also invested directly in projects that produced carbon credits. Governments andStarting at €8.20
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Rosetree Mortgage Opportunity Fund
Ivashina, Victoria; Perold, Andre F.Case HBS-209088-EFinanceIn December 2008, in the midst of the worst financial crisis since the Great Depression, Rosetree Capital Management was evaluating the purchase of a pool of U.S. residential mortgages. The firm had formed an investment vehicle to acquire troubled residential mortgages from banks and other motivated sellers. The idea was to purchase mortgage loans at a discount and to work with individual borrowers to restructure their debts. Performing mortgages...Starting at €8.20
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Gone Rural
Perold, Andre F.Case HBS-211016-EFinanceGone Rural employs 750 women in rural communities across Swaziland to produce handwoven baskets and other hand-crafted items. The women are mostly grandmothers caring for children orphaned as a result of the country's high AIDS-related death rate. The company has a strong social mission to improve the economic situation of these women and wants to grow rapidly. It has been very successful designing, making, and selling its products in the high-en...Starting at €8.20
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Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio
Lietz, Nori Gerardo; Andrade, RicardoCase HBS-216055-EFinanceJames Tallest analyzed the opportunity to invest in a distressed portfolio of high quality properties in Germany by acquiring one or more non-performing loans from Deutschland Bank. While he considers the many aspects of the deal that is about to unfold, he must decide which securities to acquire, the price he should offer to each of them, and whether to retain the former owner of the portfolio as property manager.Starting at €8.20
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The Redevelopment of Palazzo Tornabuoni (B)
Yog, Sid; Segel, Arthur I; Andrade, RicardoCase HBS-216070-EFinanceOn December 16, 2010, Byrne Murphy received a call from his Italian partner at Fingen Group. The recently-renovated Palazzo Tornabuoni, an iconic 15th century palace in the heart of Florence, Italy, had been seized by the local police. While Murphy tries to understand the reasons behind the seizure and figures out a strategy to accomodate guests flying in for holidays, he wonders if he and partners have chosen the right redevelopment option for t...Starting at €5.74
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Doctor My Eyes: The Acquisition of Bausch & Lomb by Warburg Pincus (B)
Lietz, Nori Gerardo; Andrade, RicardoCase HBS-218029-EFinanceSupplement to case 216021.Starting at €5.74