Sea Breeze Capital (B)
In spring 2012, Jordi Alves was facing some tough decisions. A year earlier, after a process that had lasted longer than expected, he had successfully raised the first search fund in Spain. He had then dedicated a full year to searching for a company to acquire and he now had what seemed like two good acquisitions on his desk. The question now was how to proceed. Which acquisition should he commit to? Should he proceed at all? Moreover, he was unclear about how to account for the current economic turmoil in Spain when evaluating the deals.
Collection: IESE (España)
Ref: F-889-E
Format: PDF
Number of pages: 8
Publication Date: Oct 17, 2013
Language: English, Spanish
Review date: Mar 25, 2020
What material is included in this case:
Description
In spring 2012, Jordi Alves was facing some tough decisions. A year earlier, after a process that had lasted longer than expected, he had successfully raised the first search fund in Spain. He had then dedicated a full year to searching for a company to acquire and he now had what seemed like two good acquisitions on his desk. The question now was how to proceed. Which acquisition should he commit to? Should he proceed at all? Moreover, he was unclear about how to account for the current economic turmoil in Spain when evaluating the deals.
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Year: 2012
Geographic Setting: España
Learning Objective
The teaching objectives of the case include the following:
o Discussing criteria for the selection of a possible acquisition target (industry, company characteristics, financing structure, seller's motivation, etc.).
o Demonstrating that the financing of the search fund acquisitions is based on principles of entrepreneurial finance, but adapted to the needs of this specific approach.
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"Sea Breeze Capital (B)"
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