SlideShare ist ein Scribd-Unternehmen logo
1 von 24
Presented By: Sameep Bansal
Topics covered ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Case Study - TATA Tetley ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Possible Strategies/Solutions ,[object Object],[object Object]
Some disturbing questions??? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pros and Cons of acquiring Tetley ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pros and Cons of acquiring Tetley - Cont ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Finally ,[object Object],[object Object],[object Object],[object Object],[object Object]
LBO = Definition ,[object Object],[object Object],[object Object]
Example of LBO in Daily life ,[object Object],[object Object]
Other Similar Term ,[object Object]
Characteristics ,[object Object],[object Object],[object Object],[object Object]
How LBO is done? Ref: The McGraw-Hill Guide to Acquiring and Divesting Businesses ,[object Object],[object Object],[object Object]
Asset Purchase ,[object Object],[object Object],[object Object]
Stock Purchase ,[object Object],[object Object]
Successful Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Scanning target Company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LBO Financing ,[object Object],[object Object],[object Object],[object Object],[object Object]
SPV – Special purpose vehicle ,[object Object],[object Object],[object Object]
Sources of Gains ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Savings ,[object Object],[object Object],[object Object],[object Object]
Management Incentives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Underpricing ,[object Object],[object Object],[object Object],[object Object],[object Object]
Tata – Tetley LBO; Solution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],  March 2000 Tata Tea Limited Acquisition of 100% equity stake in Tetley Tea (UK) INR 21,350,000,000

Weitere ähnliche Inhalte

Was ist angesagt?

Takeover and takeover defenses
Takeover and takeover defensesTakeover and takeover defenses
Takeover and takeover defensesRohit Kumar
 
46324654 the-merger-of-tata-tetley
46324654 the-merger-of-tata-tetley46324654 the-merger-of-tata-tetley
46324654 the-merger-of-tata-tetleySoumya Sahoo
 
Mergers and acquisitions
Mergers and acquisitionsMergers and acquisitions
Mergers and acquisitionsAnurag Savarnya
 
Corporate restructuring
Corporate restructuringCorporate restructuring
Corporate restructuringSaurang Patel
 
Mergers & acquisitions for MBA
Mergers & acquisitions for MBAMergers & acquisitions for MBA
Mergers & acquisitions for MBAUlhas Wadivkar
 
Merger & acquisition with case study
Merger & acquisition with case studyMerger & acquisition with case study
Merger & acquisition with case studyPraful Metange
 
Methods of payment (Mergers and Acquisitions)
Methods of payment (Mergers and Acquisitions)Methods of payment (Mergers and Acquisitions)
Methods of payment (Mergers and Acquisitions)Ayush Gupta
 
Corporate restructuring
Corporate restructuringCorporate restructuring
Corporate restructuringAnshu Singh
 
Mergers & acquisitions
Mergers & acquisitionsMergers & acquisitions
Mergers & acquisitionsjaspreet singh
 
Hostile takeover defenses
Hostile takeover defensesHostile takeover defenses
Hostile takeover defensesmahtuoggs
 
theories merger
 theories merger theories merger
theories mergerRoja M V
 
PPT on merger & acuqisitions
PPT on merger & acuqisitionsPPT on merger & acuqisitions
PPT on merger & acuqisitionsITC Limited
 
Merger,Acquisition&Takeovers
Merger,Acquisition&TakeoversMerger,Acquisition&Takeovers
Merger,Acquisition&Takeoversamansingh09
 
Mergers and acquisitions
Mergers and acquisitionsMergers and acquisitions
Mergers and acquisitionsXin ZHANG
 
Mergers and Acquisition, Arcelor_mittal
Mergers and Acquisition, Arcelor_mittalMergers and Acquisition, Arcelor_mittal
Mergers and Acquisition, Arcelor_mittalVikram Dahiya
 

Was ist angesagt? (20)

Takeover and takeover defenses
Takeover and takeover defensesTakeover and takeover defenses
Takeover and takeover defenses
 
46324654 the-merger-of-tata-tetley
46324654 the-merger-of-tata-tetley46324654 the-merger-of-tata-tetley
46324654 the-merger-of-tata-tetley
 
Mergers and acquisitions
Mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions
 
Corporate restructuring
Corporate restructuringCorporate restructuring
Corporate restructuring
 
Mergers & acquisitions for MBA
Mergers & acquisitions for MBAMergers & acquisitions for MBA
Mergers & acquisitions for MBA
 
Merger & acquisition with case study
Merger & acquisition with case studyMerger & acquisition with case study
Merger & acquisition with case study
 
Methods of payment (Mergers and Acquisitions)
Methods of payment (Mergers and Acquisitions)Methods of payment (Mergers and Acquisitions)
Methods of payment (Mergers and Acquisitions)
 
Corporate restructuring
Corporate restructuringCorporate restructuring
Corporate restructuring
 
Mergers & acquisitions
Mergers & acquisitionsMergers & acquisitions
Mergers & acquisitions
 
Merger and analysis ppt
Merger and analysis pptMerger and analysis ppt
Merger and analysis ppt
 
Hostile takeover defenses
Hostile takeover defensesHostile takeover defenses
Hostile takeover defenses
 
theories merger
 theories merger theories merger
theories merger
 
PPT on merger & acuqisitions
PPT on merger & acuqisitionsPPT on merger & acuqisitions
PPT on merger & acuqisitions
 
Leverage buyout
Leverage buyoutLeverage buyout
Leverage buyout
 
Tata Tetley Acquisition
Tata Tetley AcquisitionTata Tetley Acquisition
Tata Tetley Acquisition
 
Merger,Acquisition&Takeovers
Merger,Acquisition&TakeoversMerger,Acquisition&Takeovers
Merger,Acquisition&Takeovers
 
Lbo mbo
Lbo   mboLbo   mbo
Lbo mbo
 
Corporate Restructuring
Corporate RestructuringCorporate Restructuring
Corporate Restructuring
 
Mergers and acquisitions
Mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions
 
Mergers and Acquisition, Arcelor_mittal
Mergers and Acquisition, Arcelor_mittalMergers and Acquisition, Arcelor_mittal
Mergers and Acquisition, Arcelor_mittal
 

Ähnlich wie Going Private – Leverage Buyout

Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)
Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)
Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)Anubhav Agrawal
 
Introduction to principles of Mergers & Acquisitions
Introduction to principles of Mergers & AcquisitionsIntroduction to principles of Mergers & Acquisitions
Introduction to principles of Mergers & AcquisitionsNitant Trilokekar
 
Introduction of merger and acquisition
Introduction of merger and acquisitionIntroduction of merger and acquisition
Introduction of merger and acquisitionsravs97
 
Mergers & Acquisitions Strategy White Paper
Mergers & Acquisitions Strategy White PaperMergers & Acquisitions Strategy White Paper
Mergers & Acquisitions Strategy White PaperFranCnsult
 
Holding & subsidary Company
Holding & subsidary CompanyHolding & subsidary Company
Holding & subsidary CompanyBeena Edward
 
ADVANCE CORPORATE FINANCE ASSIGNMENT.docx
ADVANCE CORPORATE FINANCE ASSIGNMENT.docxADVANCE CORPORATE FINANCE ASSIGNMENT.docx
ADVANCE CORPORATE FINANCE ASSIGNMENT.docxYashleenkaur10
 
Business and profits and its role in society
Business and profits and its role in societyBusiness and profits and its role in society
Business and profits and its role in societyVineet Murli
 
Julius Csurgo Creative Capital Ventures
Julius Csurgo Creative Capital VenturesJulius Csurgo Creative Capital Ventures
Julius Csurgo Creative Capital VenturesJulius Csurgo
 
Managing distressed private equity and credit investments
Managing distressed private equity and credit investmentsManaging distressed private equity and credit investments
Managing distressed private equity and credit investmentsSteven Rosenblum
 
Mergers & acquisition
Mergers & acquisitionMergers & acquisition
Mergers & acquisitionVipul Pirodia
 
Strategic Management Ch08
Strategic Management Ch08Strategic Management Ch08
Strategic Management Ch08Chuong Nguyen
 

Ähnlich wie Going Private – Leverage Buyout (20)

Business Viability
Business ViabilityBusiness Viability
Business Viability
 
Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)
Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)
Mergers & Acquitions (Tata-Corus, Daimler-Chrysler)
 
Introduction to principles of Mergers & Acquisitions
Introduction to principles of Mergers & AcquisitionsIntroduction to principles of Mergers & Acquisitions
Introduction to principles of Mergers & Acquisitions
 
Introduction of merger and acquisition
Introduction of merger and acquisitionIntroduction of merger and acquisition
Introduction of merger and acquisition
 
Mergers & Acquisitions Strategy White Paper
Mergers & Acquisitions Strategy White PaperMergers & Acquisitions Strategy White Paper
Mergers & Acquisitions Strategy White Paper
 
Holding & subsidary Company
Holding & subsidary CompanyHolding & subsidary Company
Holding & subsidary Company
 
(298) deal activity is on fire
(298)  deal activity is on fire(298)  deal activity is on fire
(298) deal activity is on fire
 
ADVANCE CORPORATE FINANCE ASSIGNMENT.docx
ADVANCE CORPORATE FINANCE ASSIGNMENT.docxADVANCE CORPORATE FINANCE ASSIGNMENT.docx
ADVANCE CORPORATE FINANCE ASSIGNMENT.docx
 
business restructuring
business restructuringbusiness restructuring
business restructuring
 
Growth strategies
Growth strategiesGrowth strategies
Growth strategies
 
Merger &acquasition
Merger &acquasitionMerger &acquasition
Merger &acquasition
 
NPT A&M lecture 1
NPT A&M  lecture 1NPT A&M  lecture 1
NPT A&M lecture 1
 
Genesis of the merger
Genesis of the mergerGenesis of the merger
Genesis of the merger
 
Business and profits and its role in society
Business and profits and its role in societyBusiness and profits and its role in society
Business and profits and its role in society
 
Julius Csurgo Creative Capital Ventures
Julius Csurgo Creative Capital VenturesJulius Csurgo Creative Capital Ventures
Julius Csurgo Creative Capital Ventures
 
Managing distressed private equity and credit investments
Managing distressed private equity and credit investmentsManaging distressed private equity and credit investments
Managing distressed private equity and credit investments
 
Mergers & acquisition
Mergers & acquisitionMergers & acquisition
Mergers & acquisition
 
Strategic Management Ch08
Strategic Management Ch08Strategic Management Ch08
Strategic Management Ch08
 
ASI capital Colorado Springs
ASI capital Colorado SpringsASI capital Colorado Springs
ASI capital Colorado Springs
 
Module4 Sfm
Module4 SfmModule4 Sfm
Module4 Sfm
 

Kürzlich hochgeladen

Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture conceptP&CO
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentationuneakwhite
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...rajveerescorts2022
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...amitlee9823
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangaloreamitlee9823
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableSeo
 
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...lizamodels9
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLkapoorjyoti4444
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
John Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdfJohn Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdfAmzadHosen3
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876dlhescort
 

Kürzlich hochgeladen (20)

Business Model Canvas (BMC)- A new venture concept
Business Model Canvas (BMC)-  A new venture conceptBusiness Model Canvas (BMC)-  A new venture concept
Business Model Canvas (BMC)- A new venture concept
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service BangaloreCall Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
Call Girls Hebbal Just Call 👗 7737669865 👗 Top Class Call Girl Service Bangalore
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
Call Girls From Pari Chowk Greater Noida ❤️8448577510 ⊹Best Escorts Service I...
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
John Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdfJohn Halpern sued for sexual assault.pdf
John Halpern sued for sexual assault.pdf
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 

Going Private – Leverage Buyout

  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.