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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
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Simon's Hostile Tender for Taubman (A)-(C), Teaching Note
El-Hage, Nabil N.Teaching Note HBS-208152-ETeaching Note for [205052], [205053], and [205062].Starting at €0.00
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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
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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
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The Blackstone Group: Merlin Entertainment (Spanish Version)
El-Hage, Nabil N.; Chia, BrendaCase HBS-214S07FinanceEl Grupo Blackstone se había llevado a cabo un roll-up de los parques temáticos y atracciones de negocio en Europa. Que estaba considerando cómo generar liquidez para sus inversores. Blackstone entró en el parques temáticos y atracciones de negocio en Europa mediante la adquisición de una participación mayoritaria en basada en Reino Unido se Merlin Entertainment en 2005. En 2005 y 2006, Merlin Entertainment adquirió otras dos empresas similares, ...Starting at €8.20
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Nordic Telephone Company's Bid for TDC
El-Hage, Nabil N.; Lurie, Mark; Pierson, Leslie S.Case HBS-207122-EFinanceNordic Telephone Company, formed by a consortium of private equity firms, has made a public tender offer for Denmark's leading telecommunications company, TDC. TDC's board of directors approved the take-private transaction, and 88% of shareholders have accepted the offer. Nordic Telephone must gain 90% of TDC's shares to force compulsory redemption under Denmark law. However, a pension fund that held 5.5% of the outstanding stock has rejected the...Starting at €8.20
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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
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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
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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
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The Blackstone Group: Merlin Entertainment
El-Hage, Nabil N.; Chia, BrendaCase HBS-210014-EFinanceThe Blackstone Group had conducted a roll-up of theme parks and attractions business in Europe. It was considering how to generate liquidity for its investors. Blackstone entered the theme parks and attractions business in Europe by acquiring a majority stake in U.K.-based Merlin Entertainment in 2005. In 2005 and 2006, Merlin Entertainment acquired two other similar businesses, LEGOLAND based in Denmark and Gardaland based in Italy. At the end o...Starting at €8.20