IESE (España)
-
Sea Breeze Capital (B)
Menden, Lenka; Liechtenstein, Heinrich; Kelly, Peter; Johnson, RobCase F-889Entrepreneurship, FinanceEn la primavera de 2012, Jordi Alves estaba enfrentando algunas decisiones difíciles. Un año antes, tras un proceso que había durado más de lo esperado, había logrado recaudar el primer fondo de búsqueda en España. Así, había dedicado un año entero a buscar una empresa para adquirirla y ahora tenía lo que parecían dos buenas adquisiciones sobre la mesa. La cuestión ahora era qué hacer. ¿Qué adquisición debía emprender? ¿Debía hacerlo? Además, no ...Starting at €5.74
-
Sea Breeze Capital (A) - Teaching Note
Menden, Lenka; Liechtenstein, Heinrich; Kelly, PeterTeaching Note FT-98-EEntrepreneurship, FinanceCase A describes the attempt made by Jordi Alves, an MBA graduate, to start the first search fund in Spain. Case B describes two acquisition opportunities that Jordi identified one year after he had launched the search fund. Jordi Alves graduated with his MBA in 2010. During his business school studies, he focused on search funds with the intent of starting his own search fund immediately after graduation. Being from Barcelona, Spain, he selected...Starting at €0.00
-
The Industrialization of Global Internet Start-ups: The Klaus Hommels Model
Menden, Lenka; Liechtenstein, HeinrichCase F-861-EFinanceIn spring 2010, Klaus Hommels, a leading European business angel based in Switzerland, was at his Zurich office reading another news article on the tremendous growth potential of U.S. online group-buying company Groupon. Klaus was inspired by the Groupon business model and wanted to invest in other companies in the developing group-buying market. However, he recognized that there was a major problem with starting and growing technology businesses...Starting at €8.20
-
Napster-Bertelsmann (A)
Evans W.; Used, Enrique; Ariño, AfricaCase DG-1353StrategyEn octubre de 2000, Bertelsmann y Napster llegaron a un acuerdo por el cual Bertelsmann prestaba a Napster 50 millones de dólares con opción de adquirir una participación mayoritaria en la empresa. Napster utilizaría este dinero para desarrollar una tecnología destinada a hacer que los usuarios pagaran la música que descargasen de la red. Ambas partes acordaron crear un modelo empresarial basado en el pago de una licencia de suscripción. Además, ...Starting at €8.20
-
Napster-Bertelsmann (B)
Evans W.; Used, Enrique; Ariño, AfricaCase DG-1354StrategyEn octubre de 2000, Bertelsmann y Napster acordaron que la primera prestaría a Napster 50 millones de dólares, con una opción a hacerse con una participación mayoritaria de su capital social, para desarrollar una tecnología que hiciera que los usuarios pagaran por la música que se descargaban de la red. Crearían un modelo de negocio basado en tarifas de abono. Además, Bertelsmann aceptó retirarse del pleito que las principales compañías discográf...Starting at €5.74
-
Napster-Bertelsmann (A)
Evans W.; Used, Enrique; Ariño, AfricaCase DG-1353-EStrategyIn October 2000, Bertelsmann and Napster agreed that Bertelsmann would lend Napster $50 million, with an option to take a majority equity stake for Napster to develop technology designed to get users to pay for music downloaded from the Net. They would create a subscription fee business model. Additionally Bertelsmann agreed to withdraw from the lawsuit that the major record companies had against Napster and would attempt to convince the other co...Starting at €8.20
-
Aster Capital and the Secureq Deal (B)
Menden, Lenka; Johnson, RobCase E-167-EEntrepreneurship, FinanceThe case discusses the dilemma a French venture capitalist faces in a portfolio company that is a fast-growing industry leader yet is being held back by co-investors whose objectives are different from that of the venture capitalist. The case also addresses issues involved in government-sponsored investment incentive schemes.Starting at €5.74
-
Sea Breeze Capital (B)
Menden, Lenka; Liechtenstein, Heinrich; Kelly, Peter; Johnson, RobCase F-889-EEntrepreneurship, FinanceIn spring 2012, Jordi Alves was facing some tough decisions. A year earlier, after a process that had lasted longer than expected, he had successfully raised the first search fund in Spain. He had then dedicated a full year to searching for a company to acquire and he now had what seemed like two good acquisitions on his desk. The question now was how to proceed. Which acquisition should he commit to? Should he proceed at all? Moreover, he was un...Starting at €5.74
-
Sea Breeze Capital (B) - Teaching Note
Menden, Lenka; Liechtenstein, Heinrich; Kelly, PeterTeaching Note FT-99-EEntrepreneurship, FinanceCase A describes the attempt made by Jordi Alves, an MBA graduate, to start the first search fund in Spain in 2011. Case B describes two acquisition opportunities that Jordi identified one year after he had launched the search fund. In spring 2012, Jordi has searched hard for a company to acquire. He now has two potentially attractive acquisitions on his desk - Feva Seguridad, a Mérida, Extremadura-based alarm monitoring company, and Belladía, a ...Starting at €0.00
-
Aster Capital and the Secureq Deal (A)
Menden, Lenka; Johnson, Rob; Liechtenstein, HeinrichCase E-151-EFinanceThis case describes the attempt by Aster Capital, a Paris-based clean-technology-focused venture capital fund, to exit an investment in its portfolio company Secureq, a France-based security software vendor. Aster Capital invested in Secureq in 2004 from its first fund, SEV1 (raised in 2000). Since 2009, this fund had been in the process of divestment. At the time of the case (spring 2011), Jean-Marc Bally, managing director at Aster, felt that a...Starting at €8.20