The case centers on a European private equity firm - Ardian - and the process it uses to sell one of its portfolio companies, as well as the choices around that sale. Key problems include the function of the portfolio company's direction in the method, and the choice of an auction or acceptance of a pre-emptive bid.
The case investigates the kinds of influence business direction can, and should, have in the selling process. The case also investigates issues at the PE business level, for example, fact that the company has recently been spun off out of its parent financial services company that is big, and how the GP thing was valued throughout that spin-out.
PUBLICATION DATE: November 05, 2014 PRODUCT #: 215033-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING