Key Issue: Lion Capital and Blackstone Group want to prevent third round bidding for Orangina while ensuring that they were not overpaying. Analysis of Lion Capital and Blackstone Partnership: Both Lion Capital and Blackstone are motivated by a strategic partnership because: * Lion Capital would be able to participate in a larger deal‚ such as Orangina thus circumventing the 30% exposure limit. The partnership would also bring credibility to Lion Capital and help in its future marketing
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1. Why go public for Blackstone Blackstone’s IPO reflect some of public private equity company’s advantage and also the special need for itself. 2. What are the built-in tensions with a public private equity? How does Blackstone’s attempt to reconcile them? Brief Introduction The Blackstone Group is an American multinational private equity‚ investment banking‚ alternative asset management and financial services corporation based in New York City. Blackstone specializes in private equity‚ creditand
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Employer: Blackstone Job Title: 2014 Summer Associate – Advisory London Office Business Unit: Blackstone Advisory Partners Position: Full-Time Location: London‚ UK Start Date: Summer 2014 Firm Profile: Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors‚ the companies we invest in‚ the companies we advise and the broader global economy. We do this through the commitment of our extraordinary
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The Blackstone Group’s decision to file an initial public offering (IPO) involved the development of the compensation system‚ protection of the limited partners (LP)‚ structure of the public ownership‚ and an accounting transition in order to alleviate problems that would arise. Blackstone was required to establish a new compensation package that addressed partners carried interests as well as compensation for investment professionals and staff members that allowed each party to be no worse off
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The Blackstone IPO 1. If you were a fund LP how would you view the structure Blackstone has put in place to go public? IPO offered Blackstone certain advantages: - Access to the capital markets‚ as a new source of funds. - Blackstone could also use its own stock for the acquisitions. - It changed compensation structure and provided more incentives to junior management and help to keep top employees motivated long-term. Blackstone decided to adopt the MLP
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Case (1)：The Blackstone Group’s IPO 1. What are the built-in tensions with a public private equity firm? How does Blackstone’s structure attempt to reconcile them? 2. If you were an LP in Blackstone‚ how would you view the structure Blackstone has put in place to go public? 3. Would you rather be a unitholder in Blackstone or an LP? 4. As a potential employee‚ how you evaluate the Blackstone compensation package against a commensurate offer from a similar large-scale private equity firm that
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the built-in tensions with a public private equity firm? How does Blackstone ’s structure attempt to reconcile them? 1. Transparency (disclosures of financial statements) The reason why investors are willing to let the required rate of return decrease is the lower concerns about asymmetric information due to the disclosures of financial statements. In the past‚ in order not to be subjected to Investment Company Act of 1940‚ Blackstone once analyzed its operations and concluded that it was not an investment
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Campaign Analysis: Orangina: “Naturally juicy” I decided to choose the "naturally juicy" Orangina advertising‚ which is a part of a campaign where the direction is‚ animals acting and looking like human beings. It embodies the new generation of advertisements; the fact that it is perceived as shocking and explicit by the older generations is a proof. It is nevertheless this change of strategy that allowed boosting the brand. So‚ by the analysis of this advertising‚ we are going to see the
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“The Blackstone Group: Merlin Entertainment” The Blackstone group‚ founded in New York‚ is one of the largest private equity firms in the world with offices in USA‚ UK‚ Germany‚ France and India. The Blackstone model of investment operation is to invest out of a singel global equity fund so all its investments around the world tap into the same capital pools. One of the most attractive industries to invest for the Blackstone is theme parks and there are a number of reasons for that. The first
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William Blackstone was a eighteenth century Englishman that was a proud member of Parliament‚ though many would suggest that his views completely discounted the thought of the British Sovereignty. Though later his beliefs to devise the English Common Law would bring to life America’s craving for independence from the Crown. Blackstone was the philosopher that stated‚ "The absolute rights of man... are usually summed up in one general appellation...of acting as one thinks fit."(Blackstone) In thought
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