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Investment Banking
Challenge
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Successfully complete a leveraged buyout of a large NYSE listed electronic
components manufacturer
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Help
buyer overcome competitive bidders and complete a transaction that had been
stalled by other buyers willingness to meet board’s requirements
Program
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Introduced deal to leading LBO fund and interested them in making a proposal
within a week
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Developed valuation rationale to win over competing bidders and achieve board
acceptance
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Structured transaction as a recapitalization in order to achieve accounting
benefits and provide additional shareholder upside
Results
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Transaction completed at 35% premium to pre-deal market level
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LBO fund
re-IPOed the company and ultimately returned more than 5 times its investment
to its limited partners through a series of dividends and share sales over a
seven-year period
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