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  • All HBS Web  (3,948)
    • People  (16)
    • News  (898)
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    • Multimedia  (87)
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  • October 2022 (Revised February 2024)
  • Case

Masdar City: Aiming for Sustainable and Profitable Real Estate

By: Boris Vallee and Fares Khrais
Masdar City broke ground in 2008 and was conceived by the Abu Dhabi government to be an international beacon of innovation in sustainable energy and real estate. It was also to be a profitable investment for the government. At first glance, the two goals pulled in... View Details
Keywords: Analysis; Business Growth And Maturation; Decisions; Public Sector; Financial Crisis; Construction; Climate Change; Green Technology; Borrowing And Debt; Corporate Finance; Capital; Capital Budgeting; Capital Structure; Cost Of Capital; Equity; REIT; Financial Management; Financial Strategy; Initial Public Offering; Innovation; Growth And Development Strategy; Emerging Markets; Urban Development; Middle East; United Arab Emirates; Sustainable Cities; Green Building; Business and Government Relations; Decision Choices and Conditions; Financing and Loans; Real Estate Industry; Construction Industry; Energy Industry; Green Technology Industry; Abu Dhabi
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Vallee, Boris, and Fares Khrais. "Masdar City: Aiming for Sustainable and Profitable Real Estate." Harvard Business School Case 223-036, October 2022. (Revised February 2024.)
  • April 2022
  • Teaching Note

Tempur Sealy International (A, B & C)

By: Benjamin C. Esty and Daniel Fisher
Teaching Note for HBS Case Nos. 718-422, 718-423, and 718-424. The cases explore the long-term relationship between Tempur Sealy (TPX, a mattress manufacturer) and Mattress Firm (MFRM, a bedding retailer and TPX's largest customer). For almost 20 years, the firms... View Details
Keywords: Porter's 5 Forces; Bargaining Power; Buyer Power; Customer Power; Supplier Power; Negotiations; Value Capture; Private Equity; Consumer Durables; Consumer Discretionary; Mattresses; B-2-B; Industry Dynamics; Leadership; Compensation; Corporate Strategy; Business Strategy; Value Creation; Competition; Cooperation; Distribution; Negotiation; Industry Structures; Customers; Relationships; Distribution Industry; Manufacturing Industry; Retail Industry; Consumer Products Industry; United States; South Africa
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Esty, Benjamin C., and Daniel Fisher. "Tempur Sealy International (A, B & C)." Harvard Business School Teaching Note 722-456, April 2022.
  • September 2017 (Revised April 2022)
  • Supplement

Tempur Sealy International (A)

By: Benjamin C. Esty
This case explores the long-term relationship between Tempur Sealy (TPX, a mattress manufacturer) and Mattress Firm (MFRM, a bedding retailer and TPX's largest customer). For almost 20 years, the firms enjoyed a mutually beneficial and commercially prosperous... View Details
Keywords: Porter's 5 Forces; Bargaining Power; Buyer Power; Customer Power; Supplier Power; Negotiations; Value Capture; Private Equity; Consumer Durables; Consumer Discretionary; Mattresses; B-2-B; Industry Dynamics; Leadership; Compensation; Corporate Strategy; Business Strategy; Value Creation; Competition; Cooperation; Distribution; Negotiation; Industry Structures; Customers; Relationships; Distribution Industry; Manufacturing Industry; Retail Industry; Consumer Products Industry; United States; South Africa
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Esty, Benjamin C. "Tempur Sealy International (A)." Harvard Business School Spreadsheet Supplement 718-801, September 2017. (Revised April 2022.)

    Royce G. Yudkoff

    Royce Yudkoff is the MBA Class of 1975 Professor of Management Practice of Entrepreneurial Management at the Harvard Business School and a General Partner and co-founder of ABRY Partners, LLC in Boston, MA. Alongside Professor Richard Ruback, Royce currently... View Details

    • October 2010 (Revised January 2011)
    • Case

    Charter Communications Bankruptcy

    By: Paul A. Gompers and Emily Weisburst
    Charter Communications' bankruptcy presents an opportunity for some of its creditors to convert their debt holdings into equity. A mutual fund manager must determine how to maximize his debt investment in Charter given the restructuring and decide whether to... View Details
    Keywords: Insolvency and Bankruptcy; Private Equity; Borrowing and Debt; Investment; Financial Strategy; Financial Services Industry
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    Gompers, Paul A., and Emily Weisburst. "Charter Communications Bankruptcy." Harvard Business School Case 211-035, October 2010. (Revised January 2011.)
    • November 1998 (Revised July 2000)
    • Case

    Deere & Company: Sustaining Value

    By: Malcolm S. Salter and Marlowe Dayley
    The question facing Deere & Co. is whether or not to adopt some of the organizational technologies of private equity investors (decentralized equity holdings, use of leverage to control the disposition of cash flows, the externalization of the capital budgeting... View Details
    Keywords: Budgets and Budgeting; Decision Choices and Conditions; Cash Flow; Private Equity; Wealth; Adoption; Manufacturing Industry
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    Salter, Malcolm S., and Marlowe Dayley. "Deere & Company: Sustaining Value." Harvard Business School Case 899-001, November 1998. (Revised July 2000.)
    • 2012
    • Casebook

    Venture Capital & Private Equity: A Casebook (5th Edition)

    By: Josh Lerner, Felda Hardymon and Ann Leamon
    Venture Capital & Private Equity: A Casebook, 5th edition provides an understanding of the ways in which private equity groups work. The casebook builds an understanding of the key distinctions in the industry and reviews and applies key ideas of corporate finance. The... View Details
    Keywords: Venture Capital; Private Equity; Books
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    Lerner, Josh, Felda Hardymon, and Ann Leamon. Venture Capital & Private Equity: A Casebook (5th Edition). New York: John Wiley & Sons, 2012. (New York: John Wiley & Sons, 2001 (second edition) (with Felda Hardymon). Beijing: Economic Science Press, 2002 (Chinese translation of the second edition). Tokyo: Toyo Keizai Shinposha, 2003 (Japanese translation of the second edition). New York: John Wiley and Sons, 2004 (third edition) (with Felda Hardymon and Ann Leamon). New York: John Wiley & Sons, 2008 (fourth edition) (with Felda Hardymon and Ann Leamon). Beijing: CITIC Press, 2013 (Chinese translation of the fifth edition).)
    • September 1996 (Revised October 1996)
    • Case

    Clarkson Lumber Company

    By: Thomas R. Piper
    The owner of a rapidly growing retail lumber company is considering the financial implications of continued rapid growth. The magnitude of the company's future financing requirements must be assessed in the context of the company's access to bank finance and/or equity... View Details
    Keywords: Business Growth and Maturation; Financial Reporting; Forecasting and Prediction; Business Strategy; Financial Strategy; Commercial Banking; Borrowing and Debt; Equity; Corporate Finance
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    Piper, Thomas R. "Clarkson Lumber Company." Harvard Business School Case 297-028, September 1996. (Revised October 1996.)
    • December 2022 (Revised June 2023)
    • Case

    KKR at CHI Overhead Doors (A)

    By: Dennis Campbell and Ethan Rouen
    This case examines the decision by private equity firm KKR to grant equity to every employee at portfolio company CHI Overhead Doors upon purchasing the company in 2015. The case explores whether this initiative will create shared value, growing profits through better... View Details
    Keywords: Performance Improvement; Profit Sharing; Compensation and Benefits; Organizational Culture
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    Campbell, Dennis, and Ethan Rouen. "KKR at CHI Overhead Doors (A)." Harvard Business School Case 123-018, December 2022. (Revised June 2023.)
    • October 1996 (Revised April 2011)
    • Module Note

    Venture Capital and Private Equity: Module III

    By: Josh Lerner, G. Felda Hardymon and Ann Leamon
    Provides an overview of a module that focuses on existing venture capital and other private equity investments. View Details
    Keywords: Venture Capital; Private Equity; Investment
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    Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Venture Capital and Private Equity: Module III." Harvard Business School Module Note 297-042, October 1996. (Revised April 2011.)
    • 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 several projects within the... View Details
    Keywords: Private Equity; Private Equity; Private Equity; Private Equity; Private Equity
    • January 2013
    • Article

    Payout Taxes and the Allocation of Investment

    When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). If there are no perfect substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms. High taxes will favor... View Details
    Keywords: Taxation; Investment; Equity; Growth and Development Strategy; Resource Allocation
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    Becker, Bo, Marcus Jacob, and Martin Jacob. "Payout Taxes and the Allocation of Investment." Journal of Financial Economics 107, no. 1 (January 2013): 1–24.
    • 30 Mar 2023
    • Blog Post

    Breaking Barriers and Building Community: Get to Know the HBS Women’s Student Association (WSA)

    gender equity at HBS and beyond. We have an incredible list of sponsors who, through their funding and support, help us deliver extensive programming for all members. Some of the highlights of our club include: Annual Women Business... View Details
    • October 1996 (Revised May 2011)
    • Module Note

    Venture Capital and Private Equity: Module II

    By: Josh Lerner, G. Felda Hardymon and Ann Leamon
    Provides an overview of a module that focuses on the interaction between private equity investors and the firms they finance. View Details
    Keywords: Business Ventures; Venture Capital; Private Equity; Financing and Loans; Investment; Business and Stakeholder Relations
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    Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Venture Capital and Private Equity: Module II." Harvard Business School Module Note 297-041, October 1996. (Revised May 2011.)
    • 08 Oct 2015
    • Working Paper Summaries

    Market Reaction to Mandatory Nonfinancial Disclosure

    Keywords: by Jyothika Grewal, Edward J. Riedl & George Serafeim
    • 20 Aug 2012
    • Research & Ideas

    The Acquirers

    When it comes to mergers and acquisitions, private equity firms are in high-stakes competition with public companies to identify takeover targets. During some M&A waves, public companies dominate while in other periods private View Details
    Keywords: by Kim Girard; Financial Services
    • 29 Jan 2021
    • News

    Cold Call: Black Business Leaders Series

    • February 2024 (Revised May 2025)
    • Case

    Shore Capital Partners: The Next Ten Years

    By: Boris Groysberg and Kerry Herman
    Private equity firm Shore Capital Partners is at an inflection point, after 12 years of phenomenal growth and success. Now, as the partners consider options, should Shore remain micro-cap focused, or move into more mid-cap investments? Should Shore hold investments... View Details
    Keywords: Organizational Change and Adaptation; Strategy; Financial Services Industry
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    Groysberg, Boris, and Kerry Herman. "Shore Capital Partners: The Next Ten Years." Harvard Business School Case 424-036, February 2024. (Revised May 2025.)
    • 23 Oct 2024
    • News

    HBS Announces Latest RISE Fellows

    • June 2018
    • Background Note

    Valuation Techniques in Private Equity: LBO Model

    By: Victoria Ivashina, Alexey Tuzikov and Abhijit Tagade
    This note introduces an "LBO model," the main performance assessment and valuation technique used in the private equity industry. View Details
    Keywords: LBO Model; Valuation; Private Equity; Performance Evaluation
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    Ivashina, Victoria, Alexey Tuzikov, and Abhijit Tagade. "Valuation Techniques in Private Equity: LBO Model." Harvard Business School Background Note 218-106, June 2018.
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