Publications

March 2016 (Revised October 2018)
Case

Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio

By: Nori Gerardo Lietz and Ricardo Andrade

James Tallest analyzed the opportunity to invest in a distressed portfolio of high quality properties in Germany by acquiring one or more non-performing loans from Deutschland Bank. While he considers the many aspects of the deal that is about to unfold, he must decide... View Details

Keywords: Real Estate; Distress Investing; Non-performing Loan; Borrowing and Debt; Capital Structure; Private Equity; Negotiation Deal; Valuation; Real Estate Industry; Financial Services Industry; Germany; Europe

04 Oct 2007
What Do You Think?

Has Managerial Capitalism Peaked?

Summing Up The clear consensus of those responding to this month's column is that managerial capitalism, as John Bogle terms it, has peaked. But what will follow it is less clear. Many doubt that the form of owners' capitalism represented by View Details

Keywords: by Jim Heskett

December 2017 (Revised April 2018)
Case

Area One Farms

By: Forest Reinhardt, Jose B. Alvarez and Annelena Lobb

In 2017, Joelle Faulkner, CEO of Area One Farms, a Canadian private-equity fund focused on investing in the best Canadian farms and helping them expand, considered the merits and disadvantages of expanding her business to the U.S. While the markets shared some... View Details

Keywords: Expansion; Decision Choices and Conditions; Private Equity; Canada; United States

Fast Answer

Networking

etc. Type 1 and hit GO to begin the search. BoardEx Profiles on over 1M Directors & Senior Managers. This platform allows for historical individual searching, connections/networking as well as automatic tagged identifiers for Harvard affiliates/alumni.... View Details

01 Jun 2010
News

Sail Away

in the past don’t faze Robb, who, with Frank Carlucci (MBA ’56) and another partner, cofounded the Frontier Group, a private equity firm that is mounting the project. Said Robb, “The Utopia has significant... View Details

Keywords: Amusement, Gambling, and Recreation Industries; Arts, Entertainment; Accommodation; Hospitality; Real Estate

01 Jun 2005
News

Contrarian and Proud of It

Rogers: Stellar stock picker. Courtesy T. Rowe Price Brian Rogers (MBA ’82) has made a career out of being a contrarian. As manager of the $18.9 billion T. Rowe Price Equity Income Fund, the firm’s largest offering, Rogers has produced... View Details

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

August 2021 (Revised April 2022)
Case

KKR

By: Jo Tango and Alys Ferragamo

In June of 2021, KKR’s executive team convened to prepare for an upcoming board meeting. From a small, three-person partnership that started in 1976 and invested only in U.S. LBOs, the firm 45 years later was a public company that employed over 1,600 people and managed... View Details

Keywords: Governing and Advisory Boards; Public Equity; Globalized Markets and Industries; Growth and Development Strategy; Profit; Strategy; Finance; Private Equity; United States

June 2010 (Revised November 2013)
Case

Momentive Performance Materials, Inc.

By: Victoria Ivashina and David Scharfstein

After nearly violating its loan covenants in 2009, Momentive Performance Materials, backed by its financial sponsor Apollo Global Management, took a variety of actions to restructure its debt. The restructuring steps included an open market repurchase of publicly held... View Details

Keywords: Restructuring; Financial Crisis; Borrowing and Debt; Private Equity; Financing and Loans

September 2013 (Revised November 2023)
Case

Antoine Leboyer and GSX

By: Richard S. Ruback and Royce Yudkoff

Antoine Leboyer (HBS '92) acquired the Swiss-based software company GSX in February 2008. He managed through the recession of 2008–2009, dealt with a tumultuous separation from the founder/owner, rebuilt the management team, and upgraded the company's software... View Details

Keywords: Acquisition; Small Business; Finance; Private Equity; Growth and Development Strategy; France; Switzerland

Fast Answer

Industries: financial analytical data and tools

href="https://www.library.hbs.edu/Find/Guides/Venture-Capital-Private-Equity" target="_blank">Venture Capital & Private Equity Research Guide A guide of resources at Baker Library available to uniquely... View Details

Fast Answer

Resources for Harvard Economics Students

and private companies, investment firms, capital transactions, and people. Provides sophisticated retrieval and personalization tools to create numerous reports. An active account can be used to download the Capital IQ excel... View Details

June 2001
Case

ESL Golf (B)

By: Carliss Y. Baldwin and Christopher R Gordon

Supplements the (A) case. View Details

Keywords: Leveraged Buyouts; Auctions; Bids and Bidding; Private Equity; Valuation

24 May 2010
Research & Ideas

Stimulus Surprise: Companies Retrench When Government Spends

projects the private sector was planning to do on its own. The Tennessee Valley Authority of 1933 is perhaps the most famous example of this. Other dollars appear to indirectly crowd out View Details

Keywords: by Sean Silverthorne

Profile

Robert Leke

in me and constantly pushed me to attain my greatest goals. Strong support and mentorship is a crucial resource, particularly lacking in Africa, where I will be moving to after school. Having witnessed for myself the value of being mentored and supported, I hope to do... View Details

Keywords: Venture Capital / Private Equity; Venture Capital / Private Equity; Venture Capital / Private Equity

12 Jan 2015
News

Good Investments

Seattle-based Elevar Equity. Her childhood summers in the Philippines, with its extreme poverty and extreme wealth, inspired an interest in development; a career in private equity and investment banking had... View Details

Keywords: Dan Morrell; impact investing; ideas; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

October 2012 (Revised September 2015)
Case

Altoona State Investment Board: July 2012

By: Josh Lerner and Nathaniel Burbank

Considers the decision faced by state pension fund manager Rod Calhoun as he decides whether to invest $200 million in Bain Capital's eleventh global buyout fund: Bain Capital Fund XI. For the fund, Bain was offering its limited partners a choice between three... View Details

Keywords: Management Fees; Bain Capital; Venture Capital; Private Equity; Leveraged Buyouts; Banking Industry; Boston

May 2008
Teaching Note

Lion Capital and the Blackstone Group: The Orangina Deal (TN)

By: G. Felda Hardymon, Josh Lerner and Ann Leamon

Teaching Note for [807005]. View Details

Keywords: Private Equity; Bids and Bidding; Negotiation Deal; Valuation; Financial Services Industry; Food and Beverage Industry