scholarly journals Relationship Banking and Loan Syndicate Structure: The Role of Private Equity Sponsors

2015 ◽  
Author(s):  
Rongbing Huang ◽  
Donghang Zhang ◽  
Yijia Zhao
Keyword(s):  
Private Equity ◽  
Relationship Banking ◽  
Syndicate Structure ◽  
Private Equity Sponsors

scholarly journals Relationship Banking and Loan Syndicate Structure: The Role of Private Equity Sponsors

2018 ◽  
Vol 53 (3) ◽  
pp. 461-498
Author(s):  
Rongbing Huang ◽  
Donghang Zhang ◽  
Yijia Eddie Zhao
Keyword(s):  
Private Equity ◽  
Relationship Banking ◽  
Syndicate Structure ◽  
Private Equity Sponsors

The Role of Private Equity in Private Acquisitions

2012 ◽  
Author(s):  
Halit Gonenc ◽  
Koos Leisink
Keyword(s):  
Private Equity

Lender Control and the Role of Private Equity Group Reputation in Buyout Financing

2007 ◽  
Author(s):  
Cem Demiroglu ◽  
Christopher M. James
Keyword(s):  
Private Equity ◽  
Lender Control ◽  
Group Reputation

Quintiles IPO

2017 ◽  
pp. 1-24
Author(s):  
David P. Stowell ◽  
Vishwas Setia
Keyword(s):  
Private Equity ◽  
Life Sciences ◽  
List Type ◽  
Publicly Traded ◽  
Discounted Cash Flow ◽  
Investment Bank ◽  
Strategy Process ◽  
Firm Owners ◽  
A Company

Quintiles Transnational Holdings Inc., the largest global provider of biopharmaceutical development and commercial outsourcing services, grew its revenue at a CAGR of 7.3% and EBITDA at 13.9% between 2008 and 2012.The case is set in December 2012–April 2013, when 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 firm owners were looking to monetize their positions and considered different strategic alternatives: M&A sale to strategic or financial buyers, IPO, or capital restructuring through special dividends.Students will step into the role of an associate at the lead investment bank working with Quintiles. They must consider the case information and determine an IPO strategy, process, potential conflicts, and valuation.After reading and analyzing the case, students will be able to: Apply valuation techniques (discounted cash flow (DCF) and publicly traded comparables) in pricing an IPO Analyze the roles of different parties involved in the transaction Discuss the process of a company filing for an IPO Evaluate different strategic alternatives available to a private equity—backed company Address conflict of interest in management—led buyouts

The Growing Role of Private Equity in the Water Industry

2006 ◽  
Vol 98 (1) ◽  
pp. 38-44
Author(s):  
Steve Maxwell
Keyword(s):  
Private Equity ◽  
Water Industry

Turning Over the Keys: Public Prisons, Private Equity, and the Normalization of Markets Behind Bars

2021 ◽  
pp. 1-11
Author(s):  
Jacob Swanson ◽  
Mary Fainsod Katzenstein
Keyword(s):  
Private Equity ◽  
People Of Color ◽  
Market Force ◽  
Traditional Role ◽  
Social Mechanism ◽  
Public And Private ◽  
Loved One ◽  
Oligopolistic Market ◽  
Economic Functioning

In recent decades, public prisons and jails have increasingly outsourced operational functions by “turning over the keys” to private business and, more recently and specifically, to private equity. By the early 2000s, private equity-owned corporations had entered the core sectors of prison and jail operations, creating “markets behind bars” in telecommunications, commissary sales, health provision, and a range of other services. Two decades later, they have become a quasi-oligopolistic market force across the carceral economy. Reacting to these developments, scholars and activists have explored how private firms generate profits by extracting resources from families of the incarcerated. Less explored is the fact that it is often and particularly private equity firms that partner with public carceral institutions in these extractive practices. In this reflection, we propose a three-part schematic for understanding how such partnerships, with their attendant predation on the poor and people of color, have become normalized. We focus, first, on the mechanism of bureaucracy through which mutual profit-making by public and private entities becomes regularized; second, we explore the legal mechanisms—the apparently small but potent and politically unexamined legal maneuvers—that enable the redirection of family resources beyond the support of a loved one to the operational needs of jails and prisons; finally, we trace the role of gender as a social mechanism through which private equity and its prison/jail partners rely simultaneously on women’s traditional role as caretaker and non-traditional role as primary breadwinner. We show that all three mechanisms are crucial to the economic functioning of the carceral state.

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