...David Stowell; Alexander Katz This case considers the buyout of Panera Bread from the perspective of a private equity fund. In early 2017, KLG Managing Director Tom Denning is considering a leveraged buyout of Panera Bread, a rapidly growing fast-casual restaurant company. A surprising Bloomberg...

... expenditure on management fees by asking all managing directors to drastically cut the number of private managers being used to manage UKTTPS assets. Enberg was told to cut the number of her external managers in half, but given the illiquidity of her private equity investments in commercial property, she...

... place in the hearts of Chicagoans for more than a century, the organization's sale from the Tribune Company in 2009 to the Ricketts family effectively required a full reboot of the company's infrastructure, akin to a startup or to a “carve-out” situation popular in the private equity world. The case...

...Craig Furfine Wildcat Capital Investors is a small real estate private equity company. Its MBA intern, Jessica Zaski, is asked to develop a financial model for the purchase of Financial Commons, a 90,000 square foot office building in suburban Chicago. By simple metrics, the property seems...

...Derrick Collins; Ed Finkel; Scott T. Whitaker Ever since he had heard her speak at a private equity conference, Babatunde Omotoba had wanted to work for Venita Fields, co-founder and senior managing director of private equity firm Smith Whiley & Company. He wrote and asked her...

...Craig Furfine In January 2010, Benedict Clarke, general partner of a small real estate private equity venture, faced difficulty with one of his properties. When purchased in early 2007, Tulaberry Plaza was a thriving retail shopping center outside Orlando, Florida. The financial crisis and severe...

...Paola Sapienza; Vineet Bhagwat; Apaar Kasliwal The case focuses on two major challenges in deal making in emerging market economies---deal sourcing and negotiation---by focusing on a real (but disguised) Indian private equity deal. In 2010 Surya Tutoring was a fast-growing tutoring academy for high...

..., recording, or otherwise—without the permission of Kellogg Case Publishing. Cash flow analysis Financial statements Growth Strategy Private Equity Entrepreneurial Finance DCF Valuation In 2012, Teuer Furniture—a privately owned, moderately sized...

... instruments Private equity Real estate Risk management Portfolio theory On a sweltering day in July 2013, Whitney DeSoto sat in her new office at the Overton Pension Fund (OPF) in Palm Beach, Florida. She had been hired as the fund's managing director for real assets just...

... the perspectives of a strategic investor and a private equity (leveraged buyout) firm. More specifically, the exercise is intended to address: (1) corporate strategy relating to takeover contests, (2) sources of value creation in acquisitions, and (3) valuation methodologies used to determine target company values...

... . No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the permission of Kellogg Case Publishing. Financial Strategy Private Equity Project...

... Financial analysis Financial statements Financial strategy Mergers and acquisitions Private equity Shareholder value added Valuation In December 2012 Jorge Paulo Lemann, a co-founder and partner at investment firm 3G Capital, proposed to Warren Buffett that 3G and Berkshire Hathaway...

... the majority of the firm was owned by founder Dennis Gillings and four private equity firms (Bain Capital, TPG Capital, 3i Capital and Temasek Life Sciences) after it was taken private in a management-led buyout in 2003 and a subsequent buyout in 2008. Five years after the second buyout, the private equity...

... Ethics Family Businesses Financial Management Private Equity Reputations Risk Management Turnaround Management Banking Large On August 14, 2014, in his first public appearance since the comprehensive collapse of his family's empire, Ricardo Espírito Santo Silva Salgado quoted...

...Craig Furfine With interest rates near all-time lows in late 2015, Stanley Cirano knew it was an opportune time to consider the financing on his portfolio of commercial real estate. Cirano Properties was the general partner on three separate private equity investments of retail shopping centers...