Case | HBS Case Collection | October 2012

Antoine Leboyer and ABR

by Richard S. Ruback and Royce Yudkoff


Antoine Leboyer (HBS '92) acquired the Swiss-based software company ABR in February 2008. He managed through the recession of 2008-2009, dealt with a tumultuous separation from the founder/owner, rebuilt the management team, and upgraded the company's software development. By mid-2012 Leboyer believed ABR was positioned to invest in product development. His investment partner, however, wanted the company to focus on increasing profitability and cash flows.

Keywords: small business; corporate finance; Acquisitions; Private Equity; Growth Management; France; Switzerland;


Ruback, Richard S., and Royce Yudkoff. "Antoine Leboyer and ABR." Harvard Business School Case 213-055, October 2012.