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  • All HBS Web  (98)
    • News  (15)
    • Research  (75)
  • Faculty Publications  (60)

Show Results For

  • All HBS Web  (98)
    • News  (15)
    • Research  (75)
  • Faculty Publications  (60)
Page 1 of 98 Results →
  • 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.
  • July 2001
  • Case

Regal Cinemas LBO (A)

By: Malcolm S. Salter and Daniel Green
This case describes one of the greatest LBO failures of the 1990s. It presents an overview of the difficulties two experienced buyout sponsors were forced to deal with. View Details
Keywords: Leveraged Buyouts; Corporate Governance; Failure
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Salter, Malcolm S., and Daniel Green. "Regal Cinemas LBO (A)." Harvard Business School Case 902-019, July 2001.
  • June 1992
  • Case

Conversation About LBOs

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Jick, Todd D. "Conversation About LBOs." Harvard Business School Case 492-044, June 1992.
  • July 2001
  • Case

Regal Cinemas LBO (B)

By: Malcolm S. Salter and Daniel Green
Supplements the (A) case. View Details
Keywords: Leveraged Buyouts; Corporate Governance; Failure
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Salter, Malcolm S., and Daniel Green. "Regal Cinemas LBO (B)." Harvard Business School Case 902-020, July 2001.
  • February 2002 (Revised February 2004)
  • Case

Brazos Partners: the CoMark LBO

By: Josh Lerner, G. Felda Hardymon and Ann Leamon
The partners of a new midmarket buyout fund are working on a buyout of a closely held modular building company. Although originally structured as a stock deal, they have realized that an asset deal would be preferable from their point of view and are trying to... View Details
Keywords: Leveraged Buyouts; Negotiation Deal; Valuation
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Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Brazos Partners: the CoMark LBO." Harvard Business School Case 202-090, February 2002. (Revised February 2004.)
  • October 2013
  • Module Note

Note on LBO Capital Structure

By: Victoria Ivashina, Paul A. Gompers, Paul A. Gompers, Victoria Ivashina, Joris Van Gool and Joris Van Gool
This note discusses the capital structure often found in LBO transactions. Although the specifics of each capital structure vary case by case, in any given year, there is a great deal of similarity in the capital structure of these buyouts. These similarities exist... View Details
Keywords: Leveraged Buyouts; Capital Structure
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Gompers, Paul A., Victoria Ivashina, and Joris Van Gool. "Note on LBO Capital Structure." Harvard Business School Module Note 214-039, October 2013.
  • December 2013 (Revised January 2014)
  • Teaching Note

HCA, Inc. LBO Exit

By: Victoria Ivashina
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Ivashina, Victoria. "HCA, Inc. LBO Exit ." Harvard Business School Teaching Note 214-059, December 2013. (Revised January 2014.)
  • November 2012 (Revised January 2014)
  • Case

HCA, Inc. LBO Exit

By: Victoria Ivashina
This case discusses the events following the 2006 $33.2 billion buyout of Hospital Corporation of America (HCA) by a consortium of private equity firms, including Bain Capital, KKR, and Merrill Lynch's private equity arm. The case highlights some of the core features... View Details
Keywords: Entrepreneurship; Finance; Stockholders; Dividends; Private Equity; Initial Public Offering
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Ivashina, Victoria. "HCA, Inc. LBO Exit." Harvard Business School Case 813-056, November 2012. (Revised January 2014.)
  • July 2001
  • Technical Note

Technical Note on LBO Valuation (A): LBO Structure and the Target IRR Method of Valuation

By: Carliss Y. Baldwin
Explains the equity cash flow method of valuation as it applies to leveraged buyouts. Also explains: 1) earnings and cash flow forecasts, 2) debt structure and the cash sweep, 3) the cashing out horizon and terminal valuation, and 4) the target IRR method of valuation. View Details
Keywords: Valuation; Leveraged Buyouts; Capital Budgeting; Borrowing and Debt; Cash Flow; Equity; Profit; Price; Forecasting and Prediction
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Baldwin, Carliss Y. "Technical Note on LBO Valuation (A): LBO Structure and the Target IRR Method of Valuation." Harvard Business School Technical Note 902-004, July 2001.
  • November 1989 (Revised December 1996)
  • Supplement

Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance

By: Michael C. Jensen
Describes the resolution of the default situation. Further examines the internal control mechanisms and distinct role of the board of directors of a typical LBO association. View Details
Keywords: Corporate Governance; Leveraged Buyouts; Rail Industry
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Jensen, Michael C. "Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance." Harvard Business School Supplement 190-070, November 1989. (Revised December 1996.)
  • January 2006 (Revised May 2007)
  • Case

Endo Pharmaceuticals (A): From LBO to...?

By: Richard G. Hamermesh and Brian DeLacey
Endo Pharmaceuticals was formed in 1997 as a leveraged buyout spin-off from DuPont Merck. In 1999, it must decide whether to do an IPO or merge with a smaller company. View Details
Keywords: Private Equity; Initial Public Offering; Leveraged Buyouts; Mergers and Acquisitions; Health Care and Treatment; Pharmaceutical Industry; United States
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Hamermesh, Richard G., and Brian DeLacey. "Endo Pharmaceuticals (A): From LBO to...?" Harvard Business School Case 806-064, January 2006. (Revised May 2007.)
  • August 2004
  • Teaching Note

Brazos Partners: the CoMark LBO (TN)

By: Josh Lerner, G. Felda Hardymon and Ann Leamon
Teaching Note to (9-202-090). View Details
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Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Brazos Partners: the CoMark LBO (TN)." Harvard Business School Teaching Note 205-020, August 2004.
  • June 1999
  • Case

Investitori Associati: Exiting the Savio LBO (B)

By: Josh Lerner
Supplements the (A) case. View Details
Keywords: Leveraged Buyouts; Investment
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Lerner, Josh. "Investitori Associati: Exiting the Savio LBO (B)." Harvard Business School Case 299-106, June 1999.
  • June 19, 1991
  • Article

What Went Wrong With the LBO Boom

Keywords: Leveraged Buyouts
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Stein, Jeremy. "What Went Wrong With the LBO Boom." Wall Street Journal (June 19, 1991).
  • February 1999 (Revised June 1999)
  • Case

Investitori Associati: Exiting the Savio LBO (A)

By: Josh Lerner, Dino Cattaneo and Giampiero Mazza
Investitori Associati seeks to exit a leveraged buyout investment. Choosing the appropriate way in which to undertake their exit-an initial public offering or sale of the firm-proves problematic. View Details
Keywords: Private Equity; Initial Public Offering; Business Exit or Shutdown; Leveraged Buyouts
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Lerner, Josh, Dino Cattaneo, and Giampiero Mazza. "Investitori Associati: Exiting the Savio LBO (A)." Harvard Business School Case 299-048, February 1999. (Revised June 1999.)
  • 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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Stevenson, Howard, Michael Roberts, and Jim Sharpe. "Early Career LBOs Using the Search Fund Model." Harvard Business School Technical Note 813-119, December 2012. (Revised January 2015.)
  • 1994
  • Other Paper

Conglomerates and LBO Associations: A Comparison of Organizational Forms

By: George P. Baker and Cynthia Montgomery
Citation
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Baker, George P., and Cynthia Montgomery. "Conglomerates and LBO Associations: A Comparison of Organizational Forms."
  • 1989
  • Chapter

LBOs and the Reemergence of Institutional Monitoring of Managers

By: Michael C. Jensen
Keywords: Leveraged Buyouts; Corporate Accountability; Corporate Governance; Management
Citation
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Jensen, Michael C. "LBOs and the Reemergence of Institutional Monitoring of Managers." In Leveraged Management Buyouts: Causes and Consequences, edited by Yakov Amihud, pp. 263–268. Homewood, IL: Dow Jones-Irwin, 1989.
  • 08 Dec 2008
  • News

DEALTALK-Tribune may be tip of bankruptcy iceberg among LBOs

  • 2009
  • Working Paper

Conglomerates and LBO Associations: A Comparison of Organizational Forms

By: George P. Baker and Cynthia A. Montgomery
Citation
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Baker, George P., and Cynthia A. Montgomery. "Conglomerates and LBO Associations: A Comparison of Organizational Forms." Harvard Business School Working Paper, No. 10-024, September 2009.
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