PRIVATE EQUITY : a casebook

Cover
 Front Matter
 Half-title
 Title page
 Copyright information
 Table of contents
 Preface
 Sections 1-5
 Introduction to Private Equity Finance
 Structure of Private Equity Finance
 Introduction to Private Equity
 Leveraged Buyouts
 Competition for LBOs and Corporate Control
 Private Equity Investors
 Life Cycle of Investment
 Valuation
 Debt Financing
 A Brief History of the Private Equity Industry
 Notes
 Private Equity Finance Vignettes: 2016
 Founder's Battle
 The New Opportunities for Limited Partners
 Have It Your Way
 Safeway
 Notes
 Section 1 Deal Sourcing and Evaluation Chapter 1.1 A Note on Valuation in Private EquityIntroduction
 Discounted Cash Flow Valuation: Cash Flows
 Valuing Cash Flows with the CCF Method
 Discount Rates
 Some Thoughts about Discount Rates
 Weighted Average Cost of Capital (WACC)
 LBO Valuation Models
 Multiples Valuation Methodology
 Recommendation
 Appendix A: Valuation Example Using CCF and WACC
 Pro Formas
 Calculating Free Cash Flows
 Discount Rate
 Terminal Value
 Present Value
 Notes
 References
 Chapter 1.2 A Note on Capital Cash Flow Valuation
 Introduction
 Mechanics of Capital Cash Flow Valuation Calculating Capital Cash FlowsCalculating the Expected Asset Return
 Capital Cash Flow Valuation
 The Relation Between Capital Cash Flow and Free Cash Flow Valuation
 Applications
 Note
 Chapter 1.3 RJR Nabisco
 Company Background
 The Management Group Bid
 The KKR Bid
 The Auction
 The Bids
 Notes
 Chapter 1.4 HCA, Inc. (A)
 Background on HCA
 The Proposed Buyout
 Recent Performance
 Management Projections
 Premium
 Valuation Analysis
 Notes
 Chapter 1.5 HCA, Inc. (B)
 Overview
 Benefits to HCA Shareholders
 Bondholders
 Hospitals, Hospital Players & Communities We Serve Operating ImplicationsGovernance
 Notes
 Chapter 1.6 Summit Partners-The FleetCor Investment (A)
 Background: Summit Partners
 FleetCor
 The Proposed Transaction
 The Partners Meeting
 Notes
 Chapter 1.7 Summit Partners-The FleetCor Investment (C)
 Note
 Chapter 1.8 Private Equity Valuation in Emerging Markets
 The Additional Complexities of Investing in Emerging Markets
 Accounting for Diversifiable Firm- and Country-Specific Risks in Valuations
 Calculating the Appropriate Discount Rate when Systematic Risk Differs
 Choosing the Risk Free Rate
 Choosing the Beta Choosing the Equity Risk PremiumCalculating a Domestic Currency Valuation from Foreign Currency Cash Flows
 Approach 1: Calculate foreign currency valuation and then convert into domestic currency
 Approach 2: Convert cash flows into domestic currency and then calculate valuation
 Notes
 Chapter 1.9 The Abraaj Group and the Acibadem Healthcare Investment (A)
 Background: Turkey
 Foundation of the Republic
 Opening up of the Economy
 Coalition Governments and Crises
 Turkey Is on the Rise Again with a Stable Government
 Private Equity in Turkey
 Initial Attempts
 The Crisis Period
 Market Boom