Buyouts - Publications - Faculty & Research

W. Carl Kester

Carl Kester is a Baker Foundation Professor and the George Fisher Baker Jr. Professor of Business Administration, Emeritus at Harvard Business School. He is a member of the Finance Unit. He served as Deputy Dean for Academic Affairs (2006-2010), Chairman of the... View Details

Keywords: asset management; banking; education industry; financial services; investment banking industry; pharmaceuticals; private equity (LBO funds)

Brian J. Hall

Brian J. Hall is the Albert H. Gordon Professor of Business Administration at Harvard Business School. He served as the Unit Head for the Negotiation, Organizations and Markets (NOM) Unit for 14 years. Previously, he was an assistant professor of economics in the... View Details

Keywords: accounting industry; consulting; consumer products; executive search; financial services; high technology; investment banking industry; management consulting; private equity (LBO funds); restaurant; sports; venture capital industry

16 Oct 2023
HBS Case

Advancing Black Talent: From the Flight Ramp to 'Family-Sustaining' Careers at Delta

taking off. Then COVID hit, and the airline industry went into lockdown, along with the rest of the country. Delta offered early retirement and buyouts to its workforce, and in August 2020, 25 percent—more than 20,000 employees—took the... View Details

Keywords: by Lane Lambert; Air Transportation

07 Jul 2008
Research & Ideas

Innovation Corrupted: How Managers Can Avoid Another Enron

companies. This remedy is best observed in formerly public companies that—aided by professional buyout firms—have been taken private and armed with active directors who pursue commonsense governance practices that have stood the test of... View Details

Keywords: by Martha Lagace; Energy; Utilities

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Topics - HBS Working Knowledge

Development (57) Leadership Style (56) Leadership (446) Leading Change (57) Learning (16) Legal Liability (12) Leveraged Buyouts (4) Life Cycle (1) Literacy (1) Local Range (1) Logistics (20) Loss (1) Luxury (12) Macroeconomics (10)... View Details

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Advisory Board - Entrepreneurship

focusing on management buyouts in the United Kingdom and France. Prior to that, Daphne served as an Associate in Accenture's (formerly Andersen Consulting) Strategic Services Group, specializing in business and technology strategy for... View Details

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Curriculum - Business & Environment

and be a model for future businesses. Raya Partners: Profitability and Purpose TXU (A): Powering the Largest Leveraged Buyout in History Key concepts: Corporate strategy This case is designed to support a lively discussion about the... View Details

01 Jun 2024
News

Alumni Achievement Awards 2024

partner at CanWest Capital wanted to be in the television business. I wanted to be in the buyout business. We parted company on good terms, and I started Onex to do what I enjoy, which is building partnerships with people and their... View Details

March 2016 (Revised May 2021)
Case

Michael Milken: The Junk Bond King

By: Tom Nicholas and Matthew G. Preble

Michael Milken, an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax-related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy... View Details

Keywords: Junk Bonds; High-yield Bonds; Financial Innovation; Shareholder Value; Bonds; Capital; Capital Structure; Cost of Capital; Crime and Corruption; Entrepreneurship; Ethics; Finance; Investment Banking; Leveraged Buyouts; Mergers and Acquisitions; Ownership; Private Equity; Restructuring; United States

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Resources for Investment Management and Financial Analysis

- Financial models and company benchmarking data Mosaic - Build leveraged buyout and discounted cash flows models, dynamically incorporate special transaction situations Practical Financial Modelling: A Guide to Current... View Details

Richard G. Hamermesh

Richard Hamermesh was the MBA Class of 1961 Professor of Management Practice at the Harvard Business School. While at HBS Richard served as co-chair of the HBS Healthcare... View Details

Keywords: health care

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Becoming an Entrepreneur - Alumni

Venrock, as he shares lessons from his more than 25 years of experience in the venture capital business in Silicon Valley. The Shiny Penny: How to Maximize the M&A Value of Your Company For years, you've worked nonstop and sweated bullets to build a successful... View Details

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Alternative Investments Course | HBS Online

equity, buyouts, and venture capital. Explore the sources of risk and value and how private equity is funded. Highlights How Is Private Equity Funded? Three Segments of PE Should BC Partners Exit? Show Hide Details Concepts Introduction to Private Equity Venture... View Details

July 2022 (Revised October 2024)
Case

3G Capital

By: Jo Tango and Alys Ferragamo

In June 2022, 3G Capital Co-Managing Partners Alex Behring and Daniel Schwartz were in a partners’ meeting. On the agenda were three potential investments. Code named “Alpha,” “Bravo,” and “Charlie” (real target companies that have been disguised), they were the... View Details

Keywords: Investment Decisions; Investment Funds; Investment Portfolio; Decision Choices and Conditions; Private Equity; Leveraged Buyouts

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11 Mar 2024
News

In Harmony

Subscribe on iTunes Subscribe on Spotify More Skydeck episodes Hi, my name is Julia Hanna; I’m an associate editor at the HBS Alumni Bulletin. Last November I flew to Seoul, South Korea to interview Michael Kim (MBA 1990) of MBK Partners. Often referred to as one of... View Details

Keywords: Julia Hanna; photograph by Jun Michael Park

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Capital IQ: Introduction, Help, Etc.

events, transactions, and affiliations. Capital IQ Search Examples Screen for private equity or venture capital firms investing in a particular industry, stage of investment, and/or geography Locate information and statistics on secondary View Details

Paul W. Marshall

MBA Class of 1960 Professor of Management, Paul W. Marshall, is affiliated with the Entrepreneurial Management Unit and teaches The Entrepreneurial Manager in the Turnaround Environment. This Elective Curriculum course focuses on the role of... View Details

Keywords: aerospace; banking; brokerage; computer; consulting; defense; management consulting; manufacturing; metals; professional services; retail financial services; retailing; steel

December 2012 (Revised January 2015)
Technical Note

Early Career LBOs Using the Search Fund Model

By: Howard Stevenson, Michael Roberts and Jim Sharpe

The funded search model is one alternative for individuals who, at some point in their career, want to run their own companies. This note looks at the funded search, as a means to entrepreneurship through acquisition and describes the path to buy and run a business... View Details

Keywords: Search Funds; Search; Entrepreneurial Finance; Investor Behavior; Career Planning; Entrepreneurial Management; Fundraising; Negotiation; Entrepreneurship; Capital Structure; Borrowing and Debt; Personal Development and Career; Private Ownership; Acquisition; Finance; Leveraged Buyouts

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VCPE Database Comparison

padding-left:1px; border-top:1px solid black; border-right:1px solid black; border-left:1px solid black">325K VC
376K Corp/Strategic M&A 142K Buyout 75K Private Debt... View Details

August 2013 (Revised December 2014)
Case

Taking Dell Private

By: David J. Collis, David B. Yoffie and Matthew Shaffer

In July 2012, Michael Dell, CEO and founder of Dell, Inc., met with a representative of Silver Lake Partners to explore taking his company private. The company, which he had founded in his dorm room as a college freshman and which had made him the youngest Fortune 500... View Details