{"id":407,"date":"2020-07-06T16:26:47","date_gmt":"2020-07-06T16:26:47","guid":{"rendered":"http:\/\/vivashina.com\/?page_id=407"},"modified":"2022-03-11T15:51:01","modified_gmt":"2022-03-11T15:51:01","slug":"hbs-cases-notes","status":"publish","type":"page","link":"http:\/\/vivashina.com\/?page_id=407","title":{"rendered":"HBS Cases &#038; Notes"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; background_color=&#8221;#52c5c7&#8243; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;20px||16px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||10px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; header_font=&#8221;Libre Franklin|700|||||||&#8221; header_text_color=&#8221;#ffffff&#8221; header_font_size=&#8221;36px&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;]<\/p>\n<h1>HBS Cases &amp; Notes<\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; background_color=&#8221;rgba(0,0,0,0)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||20px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||10px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; header_font=&#8221;Libre Franklin|700|||||||&#8221; header_text_color=&#8221;#52c5c7&#8243; custom_margin=&#8221;||||false|false&#8221;]<\/p>\n<h1 class=\"p1\"><b>Private Equity<\/b><\/h1>\n<hr \/>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_padding=&#8221;10px||||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_line_height=&#8221;1.8em&#8221; header_3_text_color=&#8221;#3589b9&#8243;]<\/p>\n<h3 class=\"p1\"><\/h3>\n<h3 class=\"p1\"><b>Notes<\/b><\/h3>\n<p class=\"p1\">\n<p class=\"p1\"><strong>\u201cDiscount Cash Flows (DCF) Valuation Methods and Their Application in Private Equity\u201d<\/strong><br \/>\nHarvard Business School Background Note 221-012<br \/>\n<a href=\"https:\/\/www.hbs.edu\/faculty\/Pages\/item.aspx?num=58648\">https:\/\/www.hbs.edu\/faculty\/Pages\/item.aspx?num=58648<\/a><\/p>\n<p><strong>&#8220;Valuation Techniques in Private Equity: LBO Model&#8221;<\/strong> (with A. Tuzikov and A. Tagade)<br \/>\nHarvard Business School Background Note 218-106<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/218106-PDF-ENG?itemFindingMethod=Other\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218106-PDF-ENG?itemFindingMethod=Other<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Primer on Multiples Valuation and Its Use in the Private Equity Industry&#8221;<\/strong> (with H. Boe)<br \/>\nHarvard Business School Background Note 218-017<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/218017-PDF-ENG?Ntt=Primer+on+Multiples+Valuation+&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218017-PDF-ENG?Ntt=Primer+on+Multiples+Valuation+&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Analytical Tools in Private Equity: Return Bridge&#8221;<\/strong> (with A. Tagade)<br \/>\nHarvard Business School Background Note 220-019<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/220019-PDF-ENG?Ntt=Analytical+Tools+in+Private+Equity&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220019-PDF-ENG?Ntt=Analytical+Tools+in+Private+Equity&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Private Equity Valuation in Emerging Markets&#8221;<\/strong> (with P. Gompers and T. Dore)<br \/>\nHarvard Business School Background Note 213-043<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/213043-PDF-ENG?Ntt=Private+Equity+Valuation+in+Emerging+Markets&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/213043-PDF-ENG?Ntt=Private+Equity+Valuation+in+Emerging+Markets&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p3\"><strong>\u201cDebt as a Source of Value in Private Equity&#8221;<\/strong><br \/>\nHarvard Business School Module Note 214-061<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214061-PDF-ENG?Ntt=214061&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214061-PDF-ENG?Ntt=214061&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Note on the Leveraged Loan Market&#8221;<\/strong><br \/>\nHarvard Business School Background Note 214-047<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214047-PDF-ENG?Ntt=214047&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214047-PDF-ENG?Ntt=214047&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Note on LBO Capital Structure&#8221;<\/strong> (with P. Gompers and J. Van Gool)<br \/>\nHarvard Business School Background Note 214-039<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214039-PDF-ENG?Ntt=214039&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214039-PDF-ENG?Ntt=214039&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Upstream Oil and Gas Private Equity\u201d<\/strong> (with G. Patton and T. Todd)<br \/>\nHarvard Business School Background Note 215-068<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/215068-PDF-ENG?Ntt=Upstream+Oil+and+Gas+Private+Equity&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/215068-PDF-ENG?Ntt=Upstream+Oil+and+Gas+Private+Equity&amp;itemFindingMethod=Search<\/a><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_line_height=&#8221;1.8em&#8221; header_3_text_color=&#8221;#3589b9&#8243; custom_margin=&#8221;40px||||false|false&#8221; hover_enabled=&#8221;0&#8243;]<\/p>\n<h3 class=\"p1\"><\/h3>\n<h3 class=\"p1\"><b>Cases<\/b><\/h3>\n<p class=\"p1\"><strong>&#8220;PE Secondaries: Blackstone Strategic Partners&#8221;<\/strong> (with L.M. Viceira, J.D. Dionne, and A. Ferragamo)<br \/> Harvard Business School Case 222-027<br \/> Details: PE secondary market<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/222027-PDF-ENG\">https:\/\/hbsp.harvard.edu\/product\/222027-PDF-ENG<\/a><\/p>\n<p><strong>&#8220;Advent International and Walmart Brazil&#8217;s Deal&#8221;<\/strong> (with R. Costas and P. Levindo)<br \/> Harvard Business School Case 222-047<br \/> Details: Emerging markets\u2014Brazil; buyout; turnaround strategy<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/222047-PDF-ENG?Ntt=advent\">https:\/\/hbsp.harvard.edu\/product\/222047-PDF-ENG?Ntt=advent<\/a><\/p>\n<p><strong>&#8220;Rockwood Equity: Choosing the Right Debt Package&#8221;<\/strong> (with T. Shu and A. Ferragamo)<br \/> Harvard Business School Case 222-039<br \/> Details: Small cap, private debt<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/222039-PDF-ENG?Ntt=rockwood%20equity\">https:\/\/hbsp.harvard.edu\/product\/222039-PDF-ENG?Ntt=rockwood%20equity<\/a><\/p>\n<p><strong>\u201cBlackstone: Crocs Investment\u201d<\/strong> (with J.D. Dionne and T. Shu)<br \/> Harvard Business School Case 221-023<br \/> Details: Turnaround; PIPE<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221023-PDF-ENG?Ntt=crocs\">https:\/\/hbsp.harvard.edu\/product\/221023-PDF-ENG?Ntt=crocs<\/a><\/p>\n<p><strong>\u201cAfricInvest: A Pan-African Investment Platform\u201d<\/strong> (with Y. Abdel Aal)<br \/> Harvard Business School Case 221-037<br \/> Details: Emerging markets\u2014Africa; PE platforms; growing your firms; DFIs<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221037-PDF-ENG\">https:\/\/hbsp.harvard.edu\/product\/221037-PDF-ENG<\/a><\/p>\n<p><strong>\u201cSummit Partners: Independent Vetcare\u201d<\/strong> (with T. Shu)<br \/> Harvard Business School Case 221-024<br \/> Details: Growth equity; growth through acquisitions strategy<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221024-PDF-ENG?Ntt=summit\">https:\/\/hbsp.harvard.edu\/product\/221024-PDF-ENG?Ntt=summit<\/a><\/p>\n<p><strong>\u201cTowerBrook: ESG in Action\u201d<\/strong> (with B. Trelstad and M. Conway)<br \/> Harvard Business School Case 221-045 (A), 221-046 (B)<br \/> Details: ESG in PE context<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221045-PDF-ENG?Ntt=towerbrook\">https:\/\/hbsp.harvard.edu\/product\/221045-PDF-ENG?Ntt=towerbrook<\/a><br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221046-PDF-ENG?Ntt=towerbrook\">https:\/\/hbsp.harvard.edu\/product\/221046-PDF-ENG?Ntt=towerbrook<\/a><\/p>\n<p><strong>\u201cUnison Capital Korea: Gong Cha\u201d<\/strong> (with S. Lee)<br \/> Harvard Business School Case 221-040<br \/> Details: Emerging market\u2014Korea; operational value-add; exit timing<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221040-PDF-ENG?Ntt=gong%20cha\">https:\/\/hbsp.harvard.edu\/product\/221040-PDF-ENG?Ntt=gong%20cha<\/a><\/p>\n<p><strong>\u201cCSL Capital Management: Patriot Proppants\u201d<\/strong> (with Y. Kapko)<br \/> Harvard Business School Case 220-094 (A), 221-007 (B)<br \/> Details: Midstream oil &amp; gas investments; financing and structuring greenfield projects<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/220094-PDF-ENG?Ntt=csl%20capitakl\">https:\/\/hbsp.harvard.edu\/product\/220094-PDF-ENG?Ntt=csl%20capitakl<\/a><br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/221007-PDF-ENG?Ntt=csl%20capitakl\">https:\/\/hbsp.harvard.edu\/product\/221007-PDF-ENG?Ntt=csl%20capitakl<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Pantheon Ventures in 2019&#8221;<\/strong> (with Tonia Labruyere)<br \/> Harvard Business School Case 220-001<br \/> Details: Global fund-of-funds; changes in FoF value proposition<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/220001-PDF-ENG?Ntt=220001&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220001-PDF-ENG?Ntt=220001&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;BC Partners: Acuris&#8221;<\/strong> (with T. Shu)<br \/> Harvard Business School Case 220-041<br \/> Details: Large-cap buyout PE value-add<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/220041-PDF-ENG?Ntt=220041&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220041-PDF-ENG?Ntt=220041&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Kaspi.kz IPO&#8221;<\/strong> (with E. \u00c7ekin)<br \/> Harvard Business School Case 220-007<br \/> Details: Emerging markets\u2014Kazakhstan; Baring Vostok; FinTech; Global IPO<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/220007-PDF-ENG?Ntt=220007&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220007-PDF-ENG?Ntt=220007&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Subscription Lines Dilemma&#8221;<\/strong> (with T. Shu)<br \/> Harvard Business School Case 220-025<br \/> Details: Performance measurement; governance<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/220025-PDF-ENG?Ntt=220025&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220025-PDF-ENG?Ntt=220025&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Advent International: Kroton Investment&#8221;<\/strong> (with Ruth Kostas, and Priscilla Zogbi)<br \/> Harvard Business School Case 219-035<br \/> Spreadsheet Supplement 219-725<br \/> Details: Emerging markets\u2014Brazil; global firm successfully operating in LatAm<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/219035-PDF-ENG?Ntt=219725&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/219035-PDF-ENG?Ntt=219725&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Oaktree: Pierre Foods Investment&#8221;<\/strong> (with Mike Harmon)<br \/> Harvard Business School Case 219-018<br \/> Teaching Note 220-083<br \/> Spreadsheet Supplement 220-715<br \/> Details: Distress investing<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/219018-PDF-ENG?Ntt=219018&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/219018-PDF-ENG?Ntt=219018&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Enfoca: Private Equity in Peru&#8221;<\/strong> (with J. Boyar and T. Shu)<br \/> Harvard Business School Case 219-030<br \/> Teaching Note 220-056<br \/> Details: Emerging markets\u2014Peru; GP-led secondary transaction<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/219030-PDF-ENG?Ntt=219030&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/219030-PDF-ENG?Ntt=219030&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Granite Equity Partners&#8221;<\/strong> (with J. Boyar and T. Shu)<br \/> Harvard Business School Case 219-040<br \/> Teaching Note 820-062<br \/> Spreadsheet Supplement 220-709<br \/> Details: U.S. regionally focused fund; mid-cap; perpetual fund structure<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/219040-PDF-ENG?Ntt=219040&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/219040-PDF-ENG?Ntt=219040&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Blackstone&#8217;s GSO Capital: Crosstex Investment&#8221;<\/strong> (with J. Dionne and J. Boyar)<br \/> Harvard Business School Case 218-008<br \/> Teaching Note 220-039<br \/> Details: Private debt; rescue financing<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/218008-PDF-ENG?Ntt=218008&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218008-PDF-ENG?Ntt=218008&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Actera Group: Investing in Mars Cinema Group (A)&#8221;<\/strong> (with E. Kuzucu)<br \/> Harvard Business School Case 218-020<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/218020-PDF-ENG?Ntt=218020&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218020-PDF-ENG?Ntt=218020&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Actera Group: Investing in Mars Cinema Group (B)\u201d<\/strong> (with E. Kuzucu)<br \/> Harvard Business School Spreadsheet Supplement 218-706<br \/> Teaching Note 220-045<br \/> Details: Emerging markets\u2014Turkey; majority transaction; operational turnaround (vertical integration)<\/p>\n<p class=\"p1\"><a href=\"https:\/\/hbsp.harvard.edu\/product\/218021-PDF-ENG?Ntt=218020&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218021-PDF-ENG?Ntt=218020&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;PFA Pension:\u00a0Expansion of Alternatives Portfolio&#8221;<\/strong> (with F. Gabrieli and J. Lenhardt)<br \/> Harvard Business School Case 218-025<br \/> Details: Co-investing and direct investing strategies<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/218025-PDF-ENG?Ntt=218025&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218025-PDF-ENG?Ntt=218025&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Berkshire Partners: Party City&#8221;<\/strong> (with J. Boyar)<br \/> Harvard Business School Case 218-028, August 2017<br \/> Teaching Note 218-125<br \/> Details: Mid-cap buyout; fund governance; cross-fund investing<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/218028-PDF-ENG?Ntt=218125&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/218028-PDF-ENG?Ntt=218125&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;BC Partners: Gruppo Coin&#8221;<\/strong><br \/> Harvard Business School Case 217-024<br \/> Teaching Note 217-078<br \/> Details: Large-cap buyout PE value-add<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/217024-PDF-ENG?Ntt=217024&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/217024-PDF-ENG?Ntt=217024&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;WestBridge: SKS Microfinance Investment&#8221;<\/strong> (with Chirag Fialoke)<br \/> Harvard Business School Case 219-041<br \/> Details: Emerging markets\u2014India<\/p>\n<p class=\"p1\"><strong>\u201cQalaa Holdings and the Egyptian Refining Company&#8221;<\/strong> (with M. Homsy)<br \/> Harvard Business School Case 217-011<br \/> Teaching Note 217-087<br \/> Details: Emerging markets\u2014Egypt; funding and managing an infrastructure project<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/217011-PDF-ENG?Ntt=217011&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/217011-PDF-ENG?Ntt=217011&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;TPG China: Daphne International&#8221;<\/strong><br \/> Harvard Business School Case 813-055<br \/> Teaching Note 215-018<br \/> Details: Emerging markets\u2014China; global PE firm; PIPE (private investment in public equity); operational turnaround<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/813055-PDF-ENG?Ntt=813055&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/813055-PDF-ENG?Ntt=813055&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;HCA, Inc. LBO Exit&#8221;<\/strong><br \/> Harvard Business School Case 813-056<br \/> Teaching Note 214-059<br \/> Details: Large-cap buyout; exit through IPO<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/813056-PDF-ENG?Ntt=813056&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/813056-PDF-ENG?Ntt=813056&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Blackstone and the Sale of Citigroup&#8217;s Loan Portfolio&#8221;<\/strong> (with D. Scharfstein)<br \/> Harvard Business School Case 214-037<br \/> Teaching Note 214-040<br \/> Details: Private debt; opportunistic strategy<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/214037-PDF-ENG?Ntt=214040&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214037-PDF-ENG?Ntt=214040&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Momentive Performance Materials, Inc.&#8221;<\/strong> (with D. Scharfstein)<br \/> Harvard Business School Case 210-081<br \/> Teaching Note 214-057<br \/> Details: Large-cap buyout; out-of-court debt restructuring<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/210081-PDF-ENG?Ntt=210081&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/210081-PDF-ENG?Ntt=210081&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Oaktree and the Restructuring of CIT Group (A) &#8220;<\/strong> (with D. Scharfstein)<br \/> Harvard Business School Case 214-035<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/214035-PDF-ENG?Ntt=oaktree&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214035-PDF-ENG?Ntt=oaktree&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Oaktree and the Restructuring of CIT Group (B) &#8220;<\/strong> (with D. Scharfstein)<br \/> Harvard Business School Case 214-036<br \/> Teaching Note 214-058<br \/> Details: Distress investing<br \/> <a href=\"https:\/\/hbsp.harvard.edu\/product\/214036-PDF-ENG?Ntt=oaktree&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214036-PDF-ENG?Ntt=oaktree&amp;itemFindingMethod=Search<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; background_color=&#8221;rgba(0,0,0,0)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||20px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||10px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; header_font=&#8221;Libre Franklin|700|||||||&#8221; header_text_color=&#8221;#52c5c7&#8243; custom_margin=&#8221;||||false|false&#8221;]<\/p>\n<h1 class=\"p1\"><b>Banking and Financial Intermediaries<\/b><\/h1>\n<hr \/>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_padding=&#8221;10px||||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_line_height=&#8221;1.8em&#8221; header_3_text_color=&#8221;#3589b9&#8243;]<\/p>\n<h3 class=\"p1\"><\/h3>\n<h3 class=\"p1\"><b>Notes<\/b><\/h3>\n<p class=\"p1\">\n<p class=\"p1\"><strong>&#8220;Note on the Leveraged Loan Market&#8221;<\/strong><br \/>\nHarvard Business School Background Note 214-047<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214047-PDF-ENG?Ntt=214047&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214047-PDF-ENG?Ntt=214047&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\">[\/et_pb_text][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_line_height=&#8221;1.8em&#8221; header_3_text_color=&#8221;#3589b9&#8243; custom_margin=&#8221;40px||||false|false&#8221;]<\/p>\n<h3 class=\"p1\"><b>Cases<\/b><\/h3>\n<p class=\"p1\">\n<p class=\"p1\"><strong>&#8220;Kaspi.kz IPO&#8221;<\/strong> (with E. \u00c7ekin)<br \/>\nHarvard Business School Case 220-007<br \/>\nDetails: Emerging markets\u2014Kazakhstan; retail banking; FinTech<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/220007-PDF-ENG?Ntt=220007&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/220007-PDF-ENG?Ntt=220007&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Attijariwafa Bank: Egypt Expansion&#8221;<\/strong> (with A. Thapar)<br \/>\nHarvard Business School Case 219-008<br \/>\nDetails: Emerging markets\u2014Morocco-based regional bank; SME lending; expansion through acquisitions<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/219008-PDF-ENG?Ntt=219008&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/219008-PDF-ENG?Ntt=219008&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;ICICI Bank and the Issue of Long Term Bonds&#8221;<\/strong> (with S. Aggarwal, P. Deuskar, and M. Subrahmanyam)<br \/>\nHarvard Business School Case 216-043<br \/>\nDetails: Emerging markets\u2014India; liquidity regulation; maturity mismatch; interest rate risk exposure<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/216043-PDF-ENG?Ntt=216043&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/216043-PDF-ENG?Ntt=216043&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Oaktree and the Restructuring of CIT Group (A) &#8220;<\/strong> (with D. Scharfstein)<br \/>\nHarvard Business School Case 214-035<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214035-PDF-ENG?Ntt=214035&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214035-PDF-ENG?Ntt=214035&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Oaktree and the Restructuring of CIT Group (B) &#8220;<\/strong> (with D. Scharfstein)<br \/>\nHarvard Business School Case 214-036<br \/>\nTeaching Note 214-058<br \/>\nDetails: Financial company in distress; wholesale funding; asset-backed lending<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/214036-PDF-ENG?Ntt=214035&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/214036-PDF-ENG?Ntt=214035&amp;itemFindingMethod=Search<\/a><\/p>\n<p class=\"p1\"><strong>&#8220;Rosetree Mortgage Opportunity Fund&#8221;<\/strong> (with A. Perold)<br \/>\nHarvard Business School Case 209-088<br \/>\nTeaching Note 210-065<br \/>\nDetails: 2008 crisis; purchasing mortgage portfolios from distressed banks<br \/>\n<a href=\"https:\/\/hbsp.harvard.edu\/product\/209088-PDF-ENG?Ntt=209088&amp;itemFindingMethod=Search\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/hbsp.harvard.edu\/product\/209088-PDF-ENG?Ntt=209088&amp;itemFindingMethod=Search<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||20px||false|false&#8221; border_width_top=&#8221;1px&#8221; border_color_top=&#8221;#52c5c7&#8243; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;#52c5c7&#8243; global_module=&#8221;192&#8243; saved_tabs=&#8221;all&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_image src=&#8221;http:\/\/vivashina.com\/wp-content\/uploads\/2020\/06\/logotype.png&#8221; alt=&#8221;Victoria Ivashina&#8221; title_text=&#8221;logotype&#8221; url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoiaG9tZV91cmwiLCJzZXR0aW5ncyI6e319@&#8221; _builder_version=&#8221;4.4.4&#8243; _dynamic_attributes=&#8221;url&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_font_size=&#8221;13px&#8221; text_line_height=&#8221;0.7em&#8221;]<\/p>\n<p><span>(617) 495-8018<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.hbs.edu\/faculty\/Pages\/contact.aspx?facId=378483\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"Email page link\">Send Email<\/a><\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_font_size=&#8221;13px&#8221; text_line_height=&#8221;0.8em&#8221; custom_padding=&#8221;10px||0px||false|false&#8221;]<\/p>\n<p><a href=\"http:\/\/vivashina.com\/?page_id=26\">HOME<\/a><\/p>\n<p><a href=\"http:\/\/vivashina.com\/?page_id=333\">RESEARCH<\/a><\/p>\n<p><a href=\"http:\/\/vivashina.com\/?page_id=407\">HBS CASES &amp; NOTES<\/a><\/p>\n<p><a href=\"http:\/\/vivashina.com\/?page_id=457\">OPINION &amp; PRESENTATIONS<\/a><\/p>\n<p><a href=\"http:\/\/vivashina.com\/?page_id=463\">BOOKS<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_image src=&#8221;http:\/\/vivashina.com\/wp-content\/uploads\/2020\/06\/hbs_logo.png&#8221; title_text=&#8221;hbs_logo&#8221; url=&#8221;https:\/\/www.hbs.edu\/Pages\/default.aspx&#8221; url_new_window=&#8221;on&#8221; _builder_version=&#8221;4.4.4&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;20px||40px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;0px||20px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_font_size=&#8221;14px&#8221;]<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><span class=\"s1\">\u00a9 Copyright Victoria Ivashina 2022<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; background_color=&#8221;#52c5c7&#8243; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;20px||16px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||10px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; header_font=&#8221;Libre Franklin|700|||||||&#8221; header_text_color=&#8221;#ffffff&#8221; header_font_size=&#8221;36px&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221;] HBS Cases &amp; Notes [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.4&#8243; background_color=&#8221;rgba(0,0,0,0)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;10px||20px||false|false&#8221;][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;20px||10px||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; header_font=&#8221;Libre Franklin|700|||||||&#8221; header_text_color=&#8221;#52c5c7&#8243; custom_margin=&#8221;||||false|false&#8221;] Private Equity [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.4.4&#8243; custom_padding=&#8221;10px||||false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.4&#8243;][et_pb_text _builder_version=&#8221;4.4.4&#8243; text_line_height=&#8221;1.8em&#8221; header_3_text_color=&#8221;#3589b9&#8243;] Notes \u201cDiscount Cash Flows (DCF) Valuation Methods [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-407","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/pages\/407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/vivashina.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=407"}],"version-history":[{"count":30,"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/pages\/407\/revisions"}],"predecessor-version":[{"id":748,"href":"http:\/\/vivashina.com\/index.php?rest_route=\/wp\/v2\/pages\/407\/revisions\/748"}],"wp:attachment":[{"href":"http:\/\/vivashina.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}