|
Case
| HBS Case Collection
|
2007
(Revised from original 2005 version)
Spyder Active Sports - 2004
by
Belen Villalonga, Dwight B. Crane and James Quinn
|
Abstract
David Jacobs founded a high-end ski apparel company in 1978. He successfully built and grew the company, establishing a major international brand that appealed to ski racers and other active skiers. In 1995, he sought external financing to support further growth of the company and structured a financial deal with CHB Capital Partners, a private equity firm in Denver. By 2004, Jacobs was ready to consider alternative types of equity transactions that would provide a source of liquidity to him and his family, including sale of Spyder to another apparel company and sale of a large block of stock to a private equity firm. Poses issues of valuation of a privately owned company and presents alternative ways to harvest wealth from a private company. Also brings up family business issues because the transaction would have a significant effect on two of his children who are involved in the business.
Keywords: Private Equity;
Financial Liquidity;
Financing and Loans;
Globalization;
Negotiation Deal;
Private Ownership;
Family and Family Relationships;
Partners and Partnerships;
Wealth;
Valuation;
Apparel and Accessories Industry;
Citation:
Villalonga, Belen, Dwight B. Crane, and James Quinn. "Spyder Active Sports - 2004." Harvard Business School Case 206-027, April 2007. (Revised from original September 2005 version.)