9780471230694

Venture Capital and Private Equity: A Casebook, 3rd Edition

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  • ISBN13:

    9780471230694

  • ISBN10:

    0471230693

  • Edition: 3rd
  • Format: Hardcover
  • Copyright: 10/1/2004
  • Publisher: WILEY
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Summary

Over the past twenty years, the private equity industry has undergone tremendous growth and sweeping changes.  With the growth of private equity investing, it is imperative that financial professionals fully understand this complex subject.  The cases and notes in this updated edition are designed to provide you with a better understanding of the history of the private equity industrys development and the workings of the industry today. Divided into four modules, the first examines how private equity funds are raised and structured; the second considers the interactions between private equity investors and the entrepreneurs that they finance; the third discusses the process through which private equity investors exit their investments; and the last considers the future of the private equity industry.

Author Biography

Josh Lerner, the Jacob H. Schiff Professor of Investment Banking at the Harvard Business School, is one of the best-known authorities on venture capital. Both his academic and practical activities focus on the structure and workings of these funds. His mix of practical and academic perspectives is at the heart of this book.

Felda Hardymon is a Professor of Management Practice at Harvard Business School and a partner since 1981 at Bessemer Venture Partners, a leading venture capital firm.

Ann Leamon, after co-founding the Center for Case Development at Harvard Business School, now serves as Senior Research Associate dedicated to the Venture Capital & Private Equity class. She came to Harvard after a decade of senior analytical positions in operating companies.

Table of Contents

INTRODUCTION 1(20)
1 Private Equity Today and Tomorrow
1(9)
2 Martin Smith: January 2002
10(11)
MODULE 1. THE PRIVATE EQUITY CYCLE: FUNDRAISING 21(116)
3 Yale University Investments Office: July 2003
25(27)
4 Acme Investment Trust: January 2001
52(12)
5 A Note on Private Equity Partnership Agreements
64(12)
6 Grove Street Advisors
76(29)
7 A Note on the Private Equity Fundraising Process
105(6)
8 Gold Hill Venture Lending
111(26)
MODULE 2. THE PRIVATE EQUITY CYCLE: INVESTING 137(212)
9 Adams Capital Management: March 2002
143(18)
10 Martin Smith: May 2002
161(16)
11 AIT Group PLC
177(27)
12 A Note on Valuation in Private Equity Settings
204(20)
13 A Note on European Private Equity
224(12)
14 Brazos Partners: The CoMark LBO
236(21)
15 Montagu Private Equity
257(19)
16 Metapath Software: September 1997
276(12)
17 A Note on Private Equity Securities
288(8)
18 Endeca Technologies (A)
296(23)
19 Chengwei Ventures and the hdt° Investment
319(17)
20 A Note on Private Equity in Developing Countries
336(13)
MODULE 3. THE PRIVATE EQUITY CYCLE: EXITING 349(84)
21 Apax Partners and Xerium S.A.
353(20)
22 The Exxel Group: March 2001
373(25)
23 A Note on the Initial Public Offering Process
398(6)
24 Between a Rock and a Hard Place: Valuation and Distribution in Private Equity
404(29)
MODULE 4. THE PRIVATE EQUITY CYCLE: NEW FRONTIERS 433(106)
25 Battery Ventures
440(23)
26 Accel Partners' European Launch
463(20)
27 In-Q-Tel
483(22)
28 A Note on Corporate Venture Capital
505(5)
29 3i Group PLC
510(29)
Appendix: A Note on Private Equity Information Sources 539(17)
Glossary 556(7)
Index 563

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