Publications

20 Aug 2012
Research & Ideas

The Acquirers

M&A research examined topics such as how structured credit impacted the buyout boom and bidding strategies of private equity firms, little focus had been placed on the... View Details

Keywords: by Kim Girard; Financial Services

Edward B. Berk

Ted Berk is the Barry and Teri Volpert Fellow and a Senior Lecturer of Business Administration in the Finance Unit at Harvard Business School. He teaches Private Equity Finance in the elective curriculum and Finance I & II in the required curriculum.

Ted... View Details

Career Coach

Gavra Nwamadi

Gavra is a former Bain consultant and career-switcher into Private Equity, having secured a summer internship in PE during her RC year. She has extensive expertise in Management Consulting, particularly across EMEA where she has worked on... View Details

Keywords: Private Equity; Private Equity; Private Equity; Private Equity; Private Equity

03 Sep 2010
News

More PE reform and more emerging markets

April 2019 (Revised October 2020)
Case

Kraft Heinz: The $8 Billion Brand Write-Down

By: Jill Avery

On Friday, February 22, 2019, following an unexpected and disappointing earnings report, The Kraft Heinz Company’s stock price fell 27%, wiping out $16 billion in market value. CEO Bernardo Hees had announced that the company had taken a $15.4 billion asset write-down,... View Details

October 2019
Case

Kaspi.kz IPO

By: Victoria Ivashina and Esel Çekin

This case follows Kaspi.kz, a private equity (Baring Vostok) co-owned retail bank in Central Asia that evolved into a fintech, payments and e-commerce company. It provides insights into private equity financing, portfolio company management, and initial public offering... View Details

Keywords: Finance; Private Equity; Initial Public Offering; Organizational Change and Adaptation; Central Asia

November 2011
Compilation

VCPE Strategy Vignettes: 2012

By: Josh Lerner, Felda Hardymon, Matthew Rhodes-Kropf, Ann Leamon and Lisa Strope

This compilation of five vignettes depicts common challenges confronting venture capital and leveraged buyout groups. They range from when to deviate from a strategy and how to manage an inept but well-connected executive to equity splits among founders and whether to... View Details

Keywords: Strategy

Career Coach

Annette Rodriguez-Ferrer

Founder and Managing Partner of MKH Capital Partners, Annette has built the firm and spearheads MKH’s investment strategy and firm management. Prior to MKH, Annette was a Partner at Warburg Pincus, a leading global private View Details

Keywords: Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity

March 2014
Background Note

VCPE Simulation User's Guide

By: Matthew Rhodes-Kropf and Nathaniel Burbank

This user guide is intended for HBS students and ExEd participants who are using the Private Equity and Venture Capital Simulation. View Details

Keywords: Venture Capital; Private Equity

15 Jun 2010
First Look

First Look: June 15

for larger firms (which have access to bond markets), we confirm that this substitution has strong predictive power for lending volume by small and unrated firms. Download the paper: http://www.hbs.edu/research/pdf/10-107.pdf Unfair Advantage'? Combining Banking with... View Details

Keywords: Martha Lagace

29 May 2013
Research & Ideas

Faculty Symposium Showcases Breadth of Research

financial industry and those who regulate it, there are strong but conflicting viewpoints about the impact of private equity buyouts of public firms, especially in the wake of... View Details

Keywords: by Carmen Nobel; Financial Services

June 2010
Case

Legendary Pictures & ABRY Partners

This case focuses on the review by the private equity firm ABRY Partners of an opportunity to invest in a film financing vehicle, Legendary Pictures. Before 2004, private equity firms had avoided co-investing with film studios in film productions because of their... View Details

Keywords: Private Equity; Investment; Film Entertainment; Entertainment and Recreation Industry

September 1986 (Revised July 2001)
Case

Eastern Electric Apparatus Repair Company (A)

By: Carliss Y. Baldwin and Harry Gruner

As principals engaged in structuring leveraged buyouts for a well-capitalized risk arbitrage firm, Bob Meehan and George Schwartz are preparing to bid for the business and assets of a Westinghouse subsidiary. The case focuses on the value of the opportunity, methods of... View Details

Keywords: Leveraged Buyouts; Bids and Bidding; Opportunities; Business Subsidiaries; Strategy; Valuation; Equity; Electronics Industry

Find at Harvard

November 2017 (Revised April 2019)
Case

Summa Equity: Building Purpose-Driven Organizations

By: George Serafeim

In 2015, Reynir Indahl left top Nordic private equity firm Altor Equity Partners to found Summa Equity (Summa). After long contemplation following the financial crisis, Indahl was convinced the financial system was producing negative externalities and that the current... View Details

January 2017 (Revised March 2017)
Case

SIN Capital and the Fullerton Health IPO

By: Josh Lerner and Ann Leamon

In early 2016, David Sin, founder of the Singapore-based private equity group SIN Capital and chairman of its primary holding, Fullerton Health, was deeply involved in preparations for taking Fullerton public on the Singapore stock exchange. Three years after SIN... View Details

Keywords: Healthcare; Asia; IPO; Financing; Singapore; Growth; Health Care and Treatment; Private Equity; Initial Public Offering; Financing and Loans; Strategy; Value Creation; Growth and Development Strategy; Health Industry; Singapore

Career Coach

Tina Gao

Prior to HBS, Tina worked in private equity (middle market buyout) and investment banking (industrials focus). Her first job out of college was in operations at a New York City based nonprofit. She enjoys... View Details

January 2007 (Revised March 2011)
Case

Yale University Investments Office: August 2006

By: Josh Lerner

The Yale Investments Office must decide whether to continue to allocate the bulk of the university's endowment to illiquid investments--hedge funds, private equity, real estate, and so forth. Considers the risks and benefits of a different asset allocation strategy.... View Details

Keywords: Higher Education; Asset Management; Financial Management; Financial Strategy; Investment Portfolio; Risk Management