Publications

1991
Chapter

Effects of LBOs on Tax Revenues of the U.S. Treasury

By: Michael C. Jensen, Laura Stiglin and Steven N. Kaplan

Keywords: Leveraged Buyouts; Taxation; Sovereign Finance; United States

SSRN

Profile

Scott Wu

jobs. Wu’s private-sector résumé is also filled with enough experience for a couple of different careers. He cofounded and served as general partner of FTV Capital, a private equity firm with more than $1 billion of capital under management. He cofounded Blue Horizon... View Details

Keywords: Nonprofit / Government; Venture Capital / Private Equity; Financial Services; Technology

26 Jun 2020
Working Paper Summaries

Weak Credit Covenants

Keywords: by Victoria Ivashina and Boris Vallée; Financial Services

July 1990 (Revised March 2000)
Case

John M. Case Company

By: Samuel L. Hayes III

The owner of a small, privately held company decides to sell out, and a group of the company's top managers structures a leveraged buyout. A rewritten version of an earlier case. View Details

Keywords: Leveraged Buyouts; Management Teams; Business Exit or Shutdown

21 Nov 2006
First Look

First Look: November 21, 2006

Working PapersThe Performance of Reverse Leveraged Buyouts Authors:Jerry Cao and Josh Lerner Abstract Reverse leveraged buyouts (RLBOs) have received increased public scrutiny but attracted little... View Details

Keywords: Sean Silverthorne

July 2008
Case

Aurora Capital Group - Douglas Dynamics

Aurora Capital, a U.S. Private Equity firm, contemplates whether to acquire Douglas Dynamics, the leading U.S. maker of snow plows. Does a business that is highly dependent on the weather, and is seasonal, make a good LBO candidate? This case provides a good... View Details

Keywords: Leveraged Buyouts; Private Equity; Investment; Goods and Commodities; Value Creation

April 2011
Article

Private Equity and Long-Run Investment: The Case of Innovation

By: Josh Lerner, Morten Sorensen and Per Stromberg

A long-standing controversy is whether LBOs relieve managers from short-term pressures of dispersed shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495... View Details

Keywords: Patents; Private Equity; Leveraged Buyouts; Investment; Innovation and Invention

Find at Harvard

October 2012
Supplement

Winfield Refuse Management, Inc.: Raising Debt vs. Equity, Spreadsheet for Students (Brief Case) (CW)

By: W. Carl Kester and Sunru Yong

Keywords: United States; Acquisitions; Equity Capital; Debt Management; Financial Analysis; Administrative/Support/Waste Management/Remediation Services; Expansion; Capital Structure; Leveraged Buyouts; Borrowing and Debt; Equity; United States

2010
Supplement

Berkshire Partners: Bidding for Carter's, Spreadsheet Supplement

By: Malcolm Baker and James Quinn

Keywords: Auctions; Valuation; Leveraged Buyouts; Mergers and Acquisitions; Apparel and Accessories Industry; Retail Industry; Massachusetts

Read Now

September 2013
Supplement

The Abraaj Group and the Acibadem Healthcare Investment (B)

By: Paul A. Gompers, Bora Uluduz and Firdevs Abacioglu

This case provides an update on the ultimate outcome of the transaction presented in The Abraaj Group and the Acibadem Healthcare Investment (A). View Details

Keywords: Health Care; Leveraged Buyouts; Private Equity; Health Care and Treatment; Europe

January 2009
Teaching Note

The Hertz Corporation (B) (TN)

By: Timothy A. Luehrman

Teaching Note to [208031]. View Details

Keywords: Leveraged Buyouts; Private Equity; Restructuring; Valuation

August 2008
Supplement

Lenovo Chief Marketing Officer and Senior VP E-Commerce, Deepak Advani, Interviewed by Professor John Quelch

By: John A. Quelch

Professor John Quelch interviewed Lenovo CMO, Deepak Advani, regarding Lenovo's buy-out of IBM's personal computer business, and Lenovo's marketing strategy leading up to the 2008 Summer Olympics in Beijing, China. View Details

Keywords: Advertising; Leveraged Buyouts; Brands and Branding; Marketing Strategy; Hardware; Computer Industry; China

December 1999 (Revised February 2001)
Case

CVS: The Web Strategy

By: John A. Deighton and Anjali C. Shah

How should America's second-largest pharmacy chain respond to the challenge from online drugstores? What threat does the web pose to bricks and mortar distribution of prescription drugs and the other items that make up 50% of a drugstore's sales? This case describes... View Details

Keywords: Leveraged Buyouts; Marketing Channels; Distribution Channels; Service Operations; Corporate Strategy; Pharmaceutical Industry; Web Services Industry

August 2008
Teaching Note

Tad O'Malley: The Investment Conundrum (TN)

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

Teaching Note for [808125]. View Details

Keywords: Investment; Opportunities; Leveraged Buyouts; Personal Development and Career; Resource Allocation

01 Oct 2002
News

Karen Gordon Mills

under its belt, the firm is now looking into the natural and organic food sector. “We're aiming to complete two or three deals annually,” notes Mills, who honed her expertise as a former managing director and COO for E.S. Jacobs & Co., a leveraged View Details

February 2011 (Revised November 2011)
Supplement

Berkshire Partners: Bidding for Carter's (CW)

By: Malcolm P. Baker and David Lane

Supplemental data on comparable companies to Burger King including both public companies and similar transactions. View Details

Keywords: Leveraged Buyouts; Analytics and Data Science; Bids and Bidding; Financial Services Industry

2009
Simulation

Finance Simulation: Blackstone/Celanese: No. 3712.

By: Nabil N. El-Hage and Timothy A. Luehrman

The Finance Simulation: Blackstone/Celanese is based on the landmark acquisition of Celanese AG by the Blackstone Group in 2003. Students play the role of either Celanese or Blackstone and conduct due diligence, establish deal terms, respond to bids and counter-bids,... View Details

Keywords: Bids and Bidding; Finance; Mergers and Acquisitions; Valuation; Leveraged Buyouts; Negotiation