| HBS Case Collection
Valuing a Cross-Border LBO: Bidding on the Yell Group
A team of private equity investors must value the leveraged buyout of a Yellow Pages business that operated in both the United States and the United Kingdom. In the process, they must wrestle with issues of how to conduct cross-border valuations and how to value a stable cashcow business along with a growth business. The case analyzes the economics and incentives of carried interest and compares different valuation methods--Capital Cash Flow and Free Cash Flow. To obtain executable spreadsheets (courseware), please contact our customer service department at firstname.lastname@example.org.
Keywords: Leveraged Buyouts;
Cross-Cultural and Cross-Border Issues;