Publications

14 Sep 2010
First Look

First Look: September 14, 2010

on the loan used to finance the Momentive buyout and allow issuance of senior secured notes. The case is set up from the perspective of a hedge fund that holds a fraction of Momentive's syndicated loan. The case serves as a vehicle for... View Details

Keywords: Sean Silverthorne

28 May 2013
First Look

First Look: May 28

decide whether now is the time to sell his firm's investment in Tri-Northern Distribution. Brazos, a middle-market leveraged buyout group, created the company two years earlier through the acquisition of two electronic security... View Details

Keywords: Sean Silverthorne

11 Mar 2008
First Look

First Look: March 11, 2008

the time; and (3) target shareholders receive approximately 5% higher returns through the pure go-shop process relative to the no-shop route. I also find no post-signing competition in go-shop management buyouts (MBOs), consistent with... View Details

Keywords: Martha Lagace

14 Aug 2007
First Look

First Look: August 14, 2007

distinctly different strategy. Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=706518 Kinder Morgan, Inc.-Management Buyout Harvard Business School Case 207-123 Kinder Morgan, Inc., was a leader in the... View Details

Keywords: Martha Lagace

March 1985 (Revised November 1988)
Case

Precision Parts, Inc. (A)

By: William A. Sahlman

Contains a description of a decision confronting two entrepreneurs in mid-1981. They are considering purchasing a small manufacturer of precision electromechanical parts. Among the issues in the case are the following: 1) Should Taylor and Grayson buy Precision Parts,... View Details

Keywords: Leveraged Buyouts; Venture Capital; Financing and Loans; Cost vs Benefits; Investment Return; Strategy; Management Practices and Processes; Risk and Uncertainty; Outcome or Result; Manufacturing Industry

April 2010 (Revised March 2011)
Case

The Auction for Travelport (A)

By: Andrei Hagiu and Misha Sanwal

A senior Blackstone director is deciding how aggressively to bid for Travelport, a travel distribution business containing several key services and platforms. Travelport's most important properties were Galileo, one of the top 3 global distribution systems (GDSs),... View Details

Keywords: Value Creation; Product Positioning; Cost vs Benefits; Private Equity; Leveraged Buyouts; Competitive Advantage; Auctions; Industry Structures; Travel Industry

23 Jan 2019
Blog Post

The First Five Years: '30 under 30' Edition

Pradhan: “I work as a technology, media, and telecommunications (TMT) investor at TPG, a global private equity firm. While I work across the TMT sector, I primarily focus on TPG’s middle market buyout and growth equity investments, which... View Details

17 Jan 2019
News

The First Five Years: ‘30 Under 30’ Edition

(TMT) investor at TPG, a global private equity firm. While I work across the TMT sector, I primarily focus on TPG’s middle market buyout and growth equity investments, which are made out of TPG Growth and The Rise Fund, a double–bottom... View Details

06 Mar 2007
First Look

First Look: March 6, 2007

between venture capital and leveraged buyout funds. Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=807073 PublicationsAccounting: Text and Cases Authors:Robert N. Anthony, David F. Hawkins, and... View Details

Keywords: Martha Lagace

13 Nov 2018
First Look

New Research and Ideas, November 13, 2018

turnaround distressed companies. But as CD&R entered into its fifth decade and its largest fund to date (nearly $10 billion AUM), competition, AUMs, industry "dry powder," and buyout valuations were all on the rise. Within... View Details

Keywords: Dina Gerdeman

27 Jan 2015
First Look

First Look: January 27

management of public schools, demonstrates the challenges and opportunities related to private sector involvement in the delivery of a public good. Follows the organization from its start-up through its initial public offering and, eventually, through its decision to... View Details

Keywords: Sean Silverthorne

March 2003
Background Note

A Short Note on the AccuFlow Excel Model

By: Jay O. Light

Describes an Excel spreadsheet workbook that facilitates the analysis of AccuFlow, Inc. View Details

Keywords: History; Analytics and Data Science; Cost of Capital; Negotiation; Capital; Business Model; Economic Systems; Machinery and Machining; Leveraged Buyouts; Business Startups; Equity