Case | HBS Case Collection | October 2013

Advantage Partners: Dia Kanri (A)

by Paul A. Gompers, Nobuo Sato and Akiko Kanno

Abstract

This case explores the opportunity to purchase the condominium management business of a distressed real estate developer by Advantage Partners, a leading Japanese private equity firm. The case explores investment structuring, bidding strategy, and the ability of private equity firms to add value. The role of private equity in Japan is also explored and allows students to compare the Japanese merger and acquisition market to the U.S. and Europe.

Keywords: private equity; LBO; roll-up; investment; financing; condominium management; Leveraged Buyouts; Asia;

Citation:

Gompers, Paul A., Nobuo Sato, and Akiko Kanno. "Advantage Partners: Dia Kanri (A)." Harvard Business School Case 214-016, October 2013.