Darden University of Virginia (USA)
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Bidding for Hertz: Leveraged Buyout - Teaching Note
Chaplinsky, Susan; Marston, Felicia C.Teaching Note DARDEN-F-1560TN-EFinanceTeaching note for product F-1560Starting at €0.00
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Invesco Ltd.: Asset Management in Transition - Teaching Note
Allayannis; George (Yiorgos); Fernstrom; AaronTeaching Note DARDEN-F-1856TN-EFinanceTeaching note for product F-1856Starting at €0.00
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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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Investing in Sponsor-Backed IPOs: The Case of Hertz - Teaching Note
Chaplinsky, Susan; Marston, Felicia C.Teaching Note DARDEN-F-1561TN-EFinanceTeaching note for product F-1561Starting at €0.00
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The Carlyle Group: IPO of a Publicly Traded Private Equity Firm - Teaching Note
Chaplinsky, Susan; Marston, Felicia C.Teaching Note DARDEN-F-1689TN-EFinanceTeaching note for product F-1689Starting at €0.00
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Invesco Ltd.: Asset Management in Transition
Allayannis; George (Yiorgos); Fernstrom; AaronCase DARDEN-F-1856-EFinanceThis case is used in Darden's second-year "Financial Institutions and Capital Markets;" elective. Using Invesco Ltd. (Invesco) as an example; the case examines the strategic challenges facing the asset management industry. Marty Flanagan; Invesco's CEO; must position Invesco to compete in an industry undergoing systemic change; including active and passive products and flows; lower levels of organic growth; fee compression; softening revenues and...Starting at €8.20
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Investing in Sponsor-Backed IPOs: The Case of Hertz
Chaplinsky, Susan; Marston, Felicia C.; Pozzi, MichaelCase DARDEN-F-1561-EFinanceThis case and its companion, UVA-F-1560, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In November 2006, Alec Berg, a successful hedge fund manager, must decide whether to invest in the initial public offering (IPO) of the Hertz Corporation. The IPO followed a leveraged buyout (LBO) of Hertz that was completed in December 2005 by three prominent private equity firms that had combined to purchase Hert...Starting at €8.20
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IEX Group; Inc.
Lipson; Marc L.; Fernstrom; AaronCase DARDEN-F-1876-EFinanceAt the start of 2018; Brad Katsuyama and his leadership team at the Investors Exchange (IEX) had much to be proud of - and much to worry about - as they contemplated the rollout of their latest innovation in equity trading. In a trading landscape increasingly defined by issues related to speed; IEX was building a reputation as a thoughtful innovator trying to level the playing field for its clients. In many ways; the short history of IEX and the ...Starting at €8.20
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Bidding For Hertz: Leveraged Buyout
Chaplinsky, Susan; Marston, Felicia C.Case DARDEN-F-1560-EFinanceThis case and its companion, UVA-F-1561, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In August 2005, The Carlyle Group and its partners (Clayton, Dubilier & Rice, and Merrill Lynch Global Private Equity) must finalize the terms of a bid to purchase the Hertz Corporation. The Ford Motor Company had put Hertz, a wholly owned subsidiary, up for sale in April 2005, and in June 2005, entered a dual-trac...Starting at €8.20