| HBS Case Collection
(Revised from original 1998 version)
Spyder Active Sports, Inc. and CHB Capital Partners (A)
After establishing a small but profitable skiwear business, an entrepreneur decides to sell a minority stake in the firm to outside investors. His goal is to acquire the capital needed to grow the business, even though this will entail a substantial transformation of the firm's management and financial structure. This case examines the resulting private equity transaction from both the company's point of view and that of outside investment.