IESE (España)
-
The MBO of Hoffmann Saveurs - Teaching Note
Martínez Abascal, Eduardo; Vergara, CarlesTeaching Note FT-107-EFinanceA business that makes flavors for use in the food industry (for example, lemon vodka, apple tequila, strawberry yogurt). Large clients. It has a turnover of ?15 million. The founder and owner wants to retire and is considering selling the business. The two main executives decide to buy him out with the help of a private equity fund specializing in mezzanine debt and junior debt.Starting at €0.00
-
PolyPanel. Financing of Growth - Teaching Note
Martínez Abascal, EduardoTeaching Note FT-89-EAccounting and Control, FinancePolyPanel is a distributor of panels for new building reforms. It is located in Munich and has sales of around 3 million. It is a new company (three years old) and a small one (seven employees). PolyPanel faces the typical problems of a start up. The case illustrates the growing need for financing due to growing sales and the deterioration of policies regarding collection and inventories.Starting at €0.00
-
WestWood Foods & Drinks GmbH (B) - Teaching Note
Eufinger, Christian; Martínez Abascal, EduardoTeaching Note FT-133-EFinance, StrategyWestWood is a wholesale food and drink supplier of small supermarkets and convenience stores. It is located in a rural area in Germany and has sales of around 13 million euros. It grows above the industry average and needs further funding to finance its ongoing expansion. The company asks its main bank for a further loan and credit line. The business, as well as its P&L and balance sheets needs to be analyzed to decide whether to grant the loan r...Starting at €0.00
-
Baby Dolls. Move to China - Teaching Note
Martínez Abascal, EduardoTeaching Note FT-90-EFinanceBaby Dolls is a manufacturer of children's dolls with sales of around 50 million. It is located in Spain in an area that produces the majority of toys consumed in Spain. Sales are highly seasonal, concentrated in the Christmas season. Due to fierce competition, margins decline. The Board of Directors wants to subcontract the production in China in order to reduce cost and protect margins. The management has to consider the consequences of that ...Starting at €0.00
-
Saga Falabella - Teaching Note
Martínez Abascal, EduardoTeaching Note FT-103-EFinanceStarting at €0.00
-
Fresatrice Bertone Group - Teaching Note
Martínez Abascal, EduardoTeaching Note FT-91-EFinance1. Synopsis of the case. Fresatrice Bertone manufactures medium-size grilling machines (0.2 million to 0.5 million each). Located in northern Italy. Sales 50 million. Exports: 70% of sales. Production is complicated and may take several months per machine. Very competitive industry. The market is global. In 2008 and 2009 the company is hit by the global crisis and it cannot meet the annual payment of principal due in December 2008. It asks for...Starting at €0.00
-
Riverside: The Acquisition of Euromed - Teaching Note
Martínez Abascal, EduardoTeaching Note FT-119-EFinanceIn December 2015, Riverside PE (private equity) had to present a blind offer for the acquisition of Euromed, together with the financing of the operation. Euromed produces active ingredients for medical use. Euromed enjoys a profitable niche (good margins), with few competitors, high barriers and promising growth opportunities. It has sales of around 43 million euros, with 300 clients in 35 countries.Starting at €0.00
-
LogisTech. In Search of Financing: Debt or Equity - Teaching note
Martínez Abascal, EduardoTeaching Note FT-127-EFinanceIn July 2017, LogisWare (LW), a British leading manufacturer of storage systems in North & Central Europe and North America, had acquired Warehouse Industries, its main competitor in those markets. Now the company had to decide the financing of the acquisition and the financial structure of the entire company. They had two alternatives: 150 million loan or a 75 million of equity issue plus another 75 of debt. This case is an updated version of ...Starting at €0.00