Industry Private Equity Information Sources Required Reading Brazos Partners The CoMark LBO Case Due Note on Valuation in Private Equity Settings (HBS 9-297-050) Case 4 Brazos Partners The CoMark LBO The partners of a new midmarket buyout fund are working on a buyout of a closely held modular building company. Although originally structured as a stock deal‚ they have realized that an asset deal would be preferable from their point of view and are trying to determine what benefits it might hold for
Premium Investment Finance Economics
Investment Company (SBIC) financing | 9. A credit union is an example of a(n): b. | privately held corporation | | | 10. An Acquisition agreement is one firm’s purchase of the property and obligations of another company. [And a leveraged buyout (LBO) generally entails employees‚ management‚ or a group of investors purchasing a business organization primarily through borrowing . . .]. 11. A FRANCHISE pertains to the
Premium Business Sole proprietorship Small business
with purchase prices exceeding one billion dollars was 27 of 3300 deals in 1986 and 36 of 3000 deals in 1985 (Grimm‚ 1985). There were only seven billion-dollar plus deals in total‚ prior to 1980. In addition to these takeovers‚ mergers‚ and leveraged buyouts‚ there were numerous corporate restructurings involving divestitures‚ spinoffs‚ and large stock repurchases for cash and debt. The gains to shareholders from these transactions have been huge. The gains to selling-firm shareholders from mergers
Premium Corporate finance Stock Stock market
response to a crisis such as positioning the company to be more competitive‚ survive a currently adverse economic climate‚ or poise the corporation to move in an entirely new direction or major change in the business such as bankruptcy‚ repositioning‚ or buyout. Restructuring may also be described as debt restructuring and financial restructuring. Financial restructuring It may take place in response to a drop in sales‚ due to a sluggish economy or temporary concerns about the economy in general. Actions
Premium Management Corporation
Strategic Acquisitions Involving Common Stock Acquisitions and Capital Budgeting Closing the Deal Mergers and Other Forms of Corporate Restructuring Takeovers‚ Tender Offers‚ and Defenses Strategic Alliances Divestiture Leveraged Buyouts What is Corporate Restructuring? Any change in a company’s: 1. Capital structure‚ 2. Operations‚ or 3. Ownership that is outside its ordinary course of business. So where is the value coming from (why restructure)? Why Engage in Corporate
Premium Corporate finance Stock market Stock
Hedge Funds: Locusts or Bees? Literature Review Within the scope of the study program General Management (B.Sc.) EBS Oestrich-Winkel Universität für Wirtschaft und Recht TABLE OF CONTENTS LIST OF ABBREVIATIONS ............................................................................................................................. 3 1. INTRODUCTION ...........................................................
Premium Investment Finance Hedge fund
Introduction to Business Combinations and the Conceptual Framework BRIEF OUTLINE 1.1 Introduction 1.8 Determining Price and Method of Payment 1.2 Nature of the Combination 1.9 Alternative Concepts of Consolidated 1.3 Business Combinations Financial Statements 1.4 Business Combinations: Historical Perspective 1.10 FASB’s Conceptual Framework 1.5 Terminology and Types of Combinations 1.11 FASB Codification Project 1.6 Takeover Premiums 1.12 Appendix A: Evaluating Firm Performance
Premium Balance sheet Asset Generally Accepted Accounting Principles
AAbout the BAT with Sample Questions Table of Contents Introduction Test Overview Sample Questions Scoring Introduction We are excited about your participation in the Bloomberg Aptitude Test (BAT). The BAT is a global‚ standardized online exam that the Bloomberg Institute has developed in partnership with premier companies‚ university faculty‚ and business professionals around the world. The test is designed for undergraduates and recent graduates who are interested in an entry‐level job in
Premium Initial public offering Economics Debt
Merger Fundamentals Firms sometimes use mergers to expand externally by acquiring control of another firm. The objective for a merger should be to improve the firm’s share value‚ a number of more immediate motivations such as diversification‚ tax considerations‚ and increasing owner liquidity frequently exist. Sometimes mergers are pursued to acquire specific assets owned by the target rather than by a desire to run the target as a going concern. Mergers‚ Consolidations‚ and Holding Companies
Premium Takeover Mergers and acquisitions Corporate finance
From the introduction of the first public company by Francis Cabot Lowell in 1814‚ the principal – agent conflict between stockholders and managers has existed. The Greed Cycle offers an exploration and analysis of the agency problems that exist between stockholders and managers as well as some of the mechanisms that have been used to reduce these problems. The following review will highlight the changing nature of the goal of the corporation‚ the relationship between agency problems and the goal
Premium Stock market Stock Fiduciary