This case discusses the events following the 2006 $33.2 billion takeover of Hospital Corporation of America (HCA) by a grouping of private equity firms, together with Bain Capital, KKR, and Merrill Lynch's private equity arm.
The case scenario highlights a number of the core features of private equity investing. The first goal of the case would be to enable students to comprehend a range of issues linked to the process of departure via an initial public offering. Understanding the economics of leveraged recapitalizations- including leveraged dividend payouts to financial sponsors as well as the opportunistic 2011 repurchase of Merrill Lynch's $1.5 billion position-is the second aim of this case scenario. The case outlook is the management of HCA.
PUBLICATION DATE: November 30, 2012 PRODUCT #: 813056-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING