Search Funds: An Alternative Route to Becoming an Equity-Owning Manager

Reference 5789
Published 25 May 2011
Length 15 page(s)
Topic Entrepreneurship
Region Global
Industry Investment Management

This note is divided into two sections. In the first part, Simon Webster, widely regarded as the pioneer of search funds in the UK, recounts his experience of creating his first search fund, buying a company in 1995, and selling it for £30 million in 2005, making a great return on investment for himself and his investors.

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The Bid for Bell Canada Enterprises (BCE)

By Laurence Capron, Urs Peyer, Lori Einheiber

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Reference 5737
Published 28 Jan 2013
Length 29 page(s)
Topic Economics & Finance
Region North America
Industry Investment Management

Bell Canada, a publicly listed Canadian telecom firm, receives takeover offers from LBO (leveraged buyout) firms. A strategic acquirer, Telus, is also potentially interested.

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Aronson+Johnson+Ortiz

By Bernard Dumas, Craig Ruff

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Reference 5258
Published 02 May 2005
Length 20 page(s)
Topic Economics & Finance
Region North America
Industry Investment Management

A+J+O uses quantitative stock picking engines based on statistical stock return anomalies. They use neither outside research nor soft dollars. They have a developed a relationship with brokers that fosters good execution quality of trades. Ted Aronson, the founder is wondering whether the firm should expand further the long-short investment strategy.

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Technical Note on the Valuation of Real Options

By Jeffrey Reuer

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Reference 5045
Published 06 Dec 2002
Length 17 page(s)
Topic Strategy
Industry Investment Management

This note offers an overview of different types of real options and the techniques that are available to value them. Practical application issues and guidelines are offered for those beginning to implement real options analysis.

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Honeywell Buys Measurex - Debt Equity Choice

By S. David Young

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Reference 4763
Published 08 Jan 2005
Length 3 page(s)
Topic Economics & Finance
Region Other Regions
Industry Investment Management

This mini-case focuses on the use of debt to finance Honeywell's acquisition of Measurex in 1997. The financing appeared surprising because the stock market was booming, and Honeywell's investment bankers were urging it to use equity. The case affords the opportunity to explore the debt-equity choice, without having to get bogged down in numbers.

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The General Electric Company and Its Bankers

By Roy Smith, Ingo Walter

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Reference 4402
Published 01 Jan 1990
Length 26 page(s)
Topic Economics & Finance
Region North America
Industry Investment Management

Problem: how should Dennis Dammerman, CFO of GE, go about raising $5.5 billion to finance the all-cash acquisition of the RCA Corporation?

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Prince S.A.: Valuation of a Cross Border Joint Venture

By Gabriel Hawawini, Claude Viallet

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Reference 4293
Published 01 Jan 1994
Length 17 page(s)
Topic Economics & Finance
Region Europe
Industry Textiles, Investment Management

This case deals with the issue of a joint-venture between a UK-based multinational textile company and a Tunisian, owner manager firm. The objective of the joint-venture is to upgrade the current facilities of the Tunisian firm in order to produce garments to be distributed by the UK firm.

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