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StreetShares, Inc.: Fintech Platform Lending Business - Teaching Note
Chaplinsky, SusanTeaching Note DARDEN-F-1916TN-EFinanceTeaching note for product F-1916Starting at €0.00
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Investure, LLC: Investing in Alternative Assets
Chaplinsky, SusanCase DARDEN-F-1971-EFinanceIn July 2019, Bruce Miller, CEO of Investure, LLC (Investure), an outsourced chief investment office (OCIO), is preparing a proposal for Franklin and Marshall (F&M), a small liberal arts college located in Lancaster, Pennsylvania, with an endowment of $350 million. F&M recently began a search to find a new endowment manager in hopes of improving its investment returns and access to alternative assets (AA), such as private equity (PE) and hedge fu...Starting at €8.20
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Paul Capital and Project U: Secondary Sales of Private Equity Stakes
Chaplinsky, Susan; Mulderry, DanCase DARDEN-F-1626-EFinanceAt a time of market turmoil, a university investment manager wants to unload the school's entire private equity portfolio; yet no public market exists, so the assistance of a partner at a PE firm is sought. This case provides an introduction to a range of secondary transactions and the valuation challenges that arise.Starting at €8.20
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RadNet, Inc.: Financing an Acquisition
Chaplinsky, Susan; Droznik, AlexCase DARDEN-F-1652-EFinanceThis case examines issues surrounding the choice of financing arrangements for the acquisition of Radiologix in July 2006. The case follows Mark Stolper, the CFO of RadNet, as he considers how to raise the $363 million in funds necessary to finance the acquisition. When completed, the combined firms will be the largest private diagnostic-imaging provider in the United States. When Stolper joined RadNet in 2003, he confronted a company with "too m...Starting at €8.20
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HemoShear, LLC: Series C Round Financing
Chaplinsky, Susan; Erdman, AnneCase DARDEN-F-1703-EFinanceThe HemoShear case is designed to provide an opportunity for students to factor in the dilution of a potential Series D round in the valuation of the Series C round. It also highlights the issue of whether venture capitalists will treat the Series D round as a fourth round of funding or as a first round of institutional funding (i.e., a Series A round). This discussion is designed to illuminate the differences between goals and return requirement...Starting at €8.20
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DuPont Corporation: Sale of Performance Coatings
Chaplinsky, Susan; Marston, Felicia C.; Merker, BrettCase DARDEN-F-1709-EFinanceIn January 2012, Ellen Kullman, CEO and chairman of DuPont, must decide whether to retain or sell the company’s Performance Coatings (DPC) division. This is an introductory case on valuing a leveraged buyout. The case focuses on a publicly listed corporation’s decision to divest a large division and asks students to compare the division’s value if it remains under DuPont’s control or is sold to an outside party. The transaction size of approximat...Starting at €8.20
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Cengage Learning: Can Apax Partners Salvage This Buyout?
Chaplinsky, Susan; Marston, Felicia C.; Smith, David C.Case DARDEN-F-1727-EFinanceThis case investigates the issues involved in a private equity (PE) firm’s decision to invest in the debt of a distressed leveraged buyout. The analysis has been purposefully simplified to involve only two classes of outstanding debt, senior debt and junior debt, so that students do not need to have detailed knowledge of the bankruptcy process to complete the analysis. The main analytical task requires students to compute the expected internal ra...Starting at €8.20
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Trulia, Inc.: Post-JOBS-Act IPO
Chaplinsky, SusanCase DARDEN-F-1739-EFinanceWhen rival Zillow Group, Inc., went public in July 2011, it was only a matter of time before Trulia, Inc. (Trulia), followed suit. In late 2011, Trulia's board of directors was intent on going public when it hired Sean Aggarwal as its CFO to see the firm through the initial public offering (IPO) process. In late May 2012, he is considering when to go public, in the wake of Facebook’s disappointing IPO earlier in the month, which had stalled the I...Starting at €8.20
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OptiGuard, Inc.: Series A-Round Term Sheet
Chaplinsky, SusanCase DARDEN-F-1798-EFinance"OptiGuard. Inc.: Series A-Round Term Sheet" focuses on an entrepreneur in the cybersecurity industry who is attempting raise a first round of venture financing in November 2015. To date, the firm has been unsuccessful in attracting funding from venture capitalists (VCs) and has instead relied on a small seed round from local investors. With funds running short, the entrepreneur is again attempting to raise funds from VCs. During this process, it...Starting at €8.20
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MCI Communications Corp.: Capital Structure Theory (Spanish version)
Chaplinsky, Susan; Harris, Robert S.Case DARDEN-F-1826FinanceTraducción al español de la versión del 5 de noviembre de 2010 del caso UVA-F-1175. Este caso proporciona un ejercicio introductorio para estimar el coste de capital (coste de capital, coste de capital promedio ponderado) para una empresa que contempla un gran aumento de deuda. Se les pide a los estudiantes que comparen la política de deuda de MCI Communications con la de otras cinco compañías líderes de telecomunicaciones para encontrar la estru...Starting at €8.20