HBSP (USA)
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Technical Note (Spanish version)
Gilson, Stuart C.Case HBS-204S14FinanceThis case provides a technical overview of different valuation techniques for use in valuing companies in corporate restructuring. Techniques covered include adjusted present value, WACC, capital cash flow, and discounted cash flow valuation. Specific numerical examples are provided.Starting at €8.20
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Blue Haven Initiative: The PEGAfrica Investment
Gandhi, Vikram; Reimers Brumme, Caitlin Lindsay; Migdal, AmramCase HBS-318003-EFinanceThis case examines Blue Haven Initiative (BHI), an impact investing fund and family office, and one of its investments, PEGAfrica (PEG). BHI founder Liesel Pritzker Simmons' motivations for using her family wealth to start a family office focused on impacStarting at €8.20
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The Rise Fund: TPG Bets Big on Impact
Gandhi, Vikram; Reimers Brumme, Caitlin Lindsay; Mehta, SarahCase HBS-318041-EFinanceIt is March 2017 and TPG, a global alternative investment firm with $74 billion assets under management, has recently launched its inaugural impact investing fund-the $2 billion Rise Fund. In an effort to "take the religion out of impact investing," Mike Stone, CIO of Rise, has partnered with Chris Addy at The Bridgespan Group, a nonprofit consultancy, to develop an evidence-based methodology for quantifying the impact of prospective Rise investm...Starting at €8.20
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Root Capital and the Efficient Impact Frontier
Cole, Shawn; Reimers Brumme, Caitlin LindsayCase HBS-218084-EIn 2015 Root Capital, a pioneer in the impact investing space, began to explore how to more systematically integrate impact and financial management. After much deliberation, Root Capital landed on ex-ante rating system for any potential investment which produced a proprietary expected impact. With this tool in place, Root Capital had an integrated picture of impact and financial performance for a loan, and across its portfolio. The next question...Starting at €8.20
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Investing in the 21st Century: Return, Risk and Impact
Cole, Shawn; Gandhi, Vikram; Reimers Brumme, Caitlin LindsayTeaching Note HBS-219005-EFinanceStarting at €0.00
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Constellation Brands' Investment in Canopy Growth: Aiming High
Gilson, Stuart C.; Abbott, Sarah L.Case HBS-220044-EFinanceIn 2017, Constellation Brands, the U.S. based beverage company, acquired a 9.9% equity interest in the Canadian marijuana company, Canopy Growth. In 2018, Constellation announced a subsequent investment in Canopy-taking its ownership interest to 37%. However, Canopy's performance had been volatile and net losses had increased since the investment. In an effort to get into the cannabis market early, had Constellation Brands been too early?Starting at €8.20
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Chase Manhattan Corp.: The Making of America's Largest Bank
Gilson, Stuart C.; Escalle, Cedric X.Case HBS-298016-EFinanceChase Bank and Chemical Bank intend to merge, producing the largest commercial bank in the United States, the fourth largest in the world. Projected financial benefits under the merger reflect significant planned reduction in operating costs, including 17Starting at €8.20
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School Specialty, Inc.
Gilson, Stuart C.; Mugford, KristinCase HBS-214084-EFinanceSet in 2013, School Specialty was a financially troubled supplier of educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load, but needed to arrange debtor-in-possession financing to provide liquidity while in bankruptcy. The company has received a financing proposal from its existing term loan lender that includes some aggressive and unusual fea...Starting at €8.20
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Central European Distribution Corporation: Hostile Takeover, Bankruptcy Makeover
Gilson, Stuart C.; Abbott, Sarah L.Case HBS-216059-EFinanceIn early 2013, CEDC, a large publicly-traded producer and distributer of vodka and spirits in Eastern and Central Europe, has suffered significant declines in its financial performance, is at risk of defaulting on its debt, and is under pressure from its largest shareholders to give them control of the board and to restructure its debt to avoid bankruptcy. The largest shareholder, billionaire Russian investor Roustam Tariko, has proposed an out o...Starting at €8.20
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Thomas Cook Group on the Brink (A), (B), and (C), Teaching Note
Esty, Benjamin C.; Gilson, Stuart C.Teaching Note HBS-217028-EFinanceTeaching note for cases 215008, 215051 and 215052.Starting at €0.00