Author Profile
Chaplinsky, Susan
Convertible Notes in Early-Stage Financing
Loutskina, Elena Chaplinsky, Susan
F-2063 | Published December 11, 2023 | 17 pages Technical Note
Collection: Darden School of Business
This technical note introduces convertible note financing for early-stage start-up companies. These unpriced securities offer significant advantages related to delayed valuation, greater speed, and lo... Read More
Susser Petroleum Partners, LP: IPO of a Master Limited Partnership
Chaplinsky, Susan Simkins, Betty J. Butler, John C. Titman, Sheridan
F-2006 | Published February 17, 2022 | 22 pages Case
Collection: Darden School of Business
This case explores Susser Holdings Corporation (SHC), a Texas-based company with two businesses: operating large-footprint convenience stores that sold fuel, food, and other merchandise; and fuel dist... Read More
Roark Capital: Buyout of Buffalo Wild Wings
Chaplinsky, Susan Marston, Felicia C. Lykes, Anne
F-1984 | Published August 18, 2021 | 23 pages Case
Collection: Darden School of Business
In late November 2017, Roark Capital Group (Roark) must decide on a last, best offer to purchase Buffalo Wild Wings (BWW) in a leveraged buyout (LBO) for $157 per share. That bid had followed a series... Read More
Investure, LLC: Investing in Alternative Assets
F-1971 | Published February 02, 2021 | 24 pages Case
Collection: Darden School of Business
In July 2019, Bruce Miller, CEO of Investure, LLC (Investure), an outsourced chief investment office (OCIO), is preparing a proposal for Franklin and Marshall (F&M), a small liberal arts college locat... Read More
Valuing Early Stage Companies (VIDEO PLAYLIST)
F-1961 | Published July 22, 2020 | Duration 00:45:31 Video Playlist
Collection: Darden School of Business
The "Valuing Early Stage Companies" video series consists of seven videos, each about six minutes in length, that focus primarily on the differences between the venture capital (VC) method of valuatio... Read More
Valuing Early Stage Companies–VC Method: Equity Share (VIDEO)
F-1954 | Published July 15, 2020 | Duration 08:49 Video
Collection: Darden School of Business
This video on valuing early stage companies presents the four-step process that VC firms use to determine the percentage of equity ownership they require to make a Series A investment in an early stag... Read More
Valuing Early Stage Companies–VC Method: Adjusting for Multiple Rounds–Equity Share (VIDEO)
F-1959 | Published July 15, 2020 | Duration 07:21 Video
Collection: Darden School of Business
This video illustrates a six-step process for ensuring that venture capitalists maintain their equity ownership through subsequent round B and round C investments. Using the fictitious company UltraTe... Read More
Valuing Early Stage Companies–Exit Terminal Value (VIDEO)
F-1958 | Published July 15, 2020 | Duration 05:00 Video
Collection: Darden School of Business
This video discusses how venture capitalists arrive at an exit terminal value for an investment in an early stage company. A reasonable terminal value is established using a liquidity-adjusted PE rati... Read More
Valuing Early Stage Companies–NPV Method: Cash Flows (VIDEO)
F-1957 | Published July 15, 2020 | Duration 04:49 Video
Collection: Darden School of Business
This video illustrates the different assumptions used with regard to cash flows between the VC method of valuing an early stage company and the NPV method of valuing an early stage company. Using NPV ... Read More
Valuing Early Stage Companies–NPV Method: Introduction/Risk-Adjusted Discount Rate (VIDEO)
F-1956 | Published July 15, 2020 | Duration 06:00 Video
Collection: Darden School of Business
This video introduces the net present value (NPV) method as a technique for valuing a privately held company. This video estimates the value of a fictitious company, UltraTech, Inc., using NPV. This v... Read More
Valuing Early Stage Companies (VIDEO)
F-1953 | Published July 15, 2020 | Duration 04:06 Video
Collection: Darden School of Business
This video introduces the "Valuing Early Stage Companies" video series. This series consists of seven videos, each about six minutes in length, that primarily focus on the differences between the vent... Read More
Valuing Early Stage Companies–VC Method: Adjusting for Multiple Rounds–Share Price (VIDEO)
F-1960 | Published July 15, 2020 | Duration 05:55 Video
Collection: Darden School of Business
Using the adjusted equity share, venture capitalists calculate the share price after dilution of round B and round C for the early stage investment into the fictitious company UltraTech, Inc. Read More
Valuing Early Stage Companies–VC Method: Share Price (VIDEO)
F-1955 | Published July 15, 2020 | Duration 03:31 Video
Collection: Darden School of Business
This video on valuing early stage companies presents how the venture capitalists calculate the share price for the Series A round of investment. The hypothetical company UltraTech, Inc., is used to ca... Read More
Illinois Teachers' Retirement System, 2019: Private Equity Performance
F-1952 | Published July 06, 2020 | 17 pages Case
Collection: Darden School of Business
Cinda Klickna, trustee of the State of Illinois Teachers’ Retirement System (TRS), was preparing to vote in June 2019 on a proposed $75 million investment in a new fund being raised by First Light Cap... Read More
StreetShares, Inc.: Fintech Platform Lending Business
F-1916 | Published December 17, 2019 | 24 pages Case
Collection: Darden School of Business
In November 2017, John Fruehwirth, managing partner of Rotunda Capital Partners (RCP), was considering the final terms of a Series B offer to StreetShares, Inc. (StreetShares), a fintech platform lend... Read More
MedMetric, LLC: Seed-Round Convertible Note Financing
F-1924 | Published December 16, 2019 | 14 pages Case
Collection: Darden School of Business
In April 2016, Mark Parker, an experienced private-equity investor, is considering an investment in MedMetric, LLC (MedMetric), a seed-stage health care information technology company. The company has... Read More
Convertible Notes: A Form of Early-Stage Financing
Becker, Joseph M. Chaplinsky, Susan
F-1925 | Published December 13, 2019 | 15 pages Technical Note
Collection: Darden School of Business
Convertible notes are often used to raise early-stage financing for start-up companies, frequently due to their advantages related to delayed valuation, greater speed, and lower cost of completion com... Read More
Assessing Private Equity Performance
Chaplinsky, Susan Loutskina, Elena
F-1895 | Published July 30, 2019 | 18 pages Technical Note
Collection: Darden School of Business
Assessing the performance of private equity (PE) and venture capital (VC) investment vehicles is a challenging task. It starts with the fact that the assets are privately held and illiquid. By contras... Read More
Valuing Late-Stage Companies and Leveraged Buyouts
F-1846 | Published August 23, 2018 | 17 pages Technical Note
Collection: Darden School of Business
This note replaces "Valuation of Late-Stage Companies and Buyouts" (UVA-F-1639). This note focuses on the valuation of late-stage companies with a particular emphasis on leveraged buyouts (LBOs). In ... Read More
Summit Partners and RoboSoft, LLC: Mezzanine Debt Investment
Chaplinsky, Susan Whittemore, Alexander D.
F-1845 | Published August 23, 2018 | 19 pages Case
Collection: Darden School of Business
In February 2013, John Carroll and Alexander Whittemore, both managing directors at Summit Partners (Summit), are considering an investment in RoboSoft, LLC (RoboSoft), a provider of data-center autom... Read More
Note on Master Limited Partnerships
Chaplinsky, Susan Simkins, Betty J. Titman, Sheridan
F-1828 | Published May 17, 2018 | 21 pages Technical Note
Collection: Darden School of Business
Master limited partnerships (MLPs) are limited partnerships that trade on public exchanges in the form of units, similar to common stock. MLPs have several advantages relative to traditional C corpora... Read More
OptiGuard, Inc.: Series A–Round Term Sheet
F-1798 | Published July 21, 2017 | 17 pages Case
Collection: Darden School of Business
"OptiGuard. Inc.: Series A–Round Term Sheet" focuses on an entrepreneur in the cybersecurity industry who is attempting raise a first round of venture financing in November 2015. To date, the firm has... Read More
SuDa Electric Vehicle Company: Private Equity Investment in China
F-1766 | Published January 06, 2017 | 16 pages Case
Collection: Darden School of Business
In March 2013, the Shipston Group, the family office of billionaire industrialist Michael D. Dingman, was considering a private equity investment in the SuDa Electric Vehicle Company (SuDa), a rapidly... Read More
MCI Communications Corp.: Capital Structure Theory (SPANISH)
Chaplinsky, Susan Harris, Robert S.
F-1826 | Published January 27, 2016 | 10 pages Case
Collection: Darden School of Business
This is a Spanish translation of the November 5, 2010 version of UVA-1175. This case provides an introductory exercise for estimating the cost of capital (cost of equity, weighted average cost of capi... Read More
Trulia, Inc.: Post-JOBS-Act IPO
F-1739 | Published September 28, 2015 | 18 pages Case
Collection: Darden School of Business
When rival Zillow Group, Inc., went public in July 2011, it was only a matter of time before Trulia, Inc. (Trulia), followed suit. In late 2011, Trulia's board of directors was intent on going public ... Read More
The Basics of Private Equity Funds
F-1731 | Published May 26, 2015 | 13 pages Technical Note
Collection: Darden School of Business
Private equity (PE) refers to illiquid investments or securities that are not publicly traded on an exchange, such as venture capital, mezzanine or distressed debt, leveraged buyouts, timber, oil and ... Read More
Early-Stage Term Sheets
F-1730 | Published May 08, 2015 | 13 pages Technical Note
Collection: Darden School of Business
This note was written as an updated version of "The Early-Stage Term Sheet" (UVA-F-1444) and may be used in its place. In seeking funding for an early-stage company, the entrepreneur and investor wil... Read More
Cengage Learning: Can Apax Partners Salvage This Buyout?
Chaplinsky, Susan Marston, Felicia C. Smith, David C.
F-1727 | Published February 10, 2015 | 19 pages Case
Collection: Darden School of Business
This case investigates the issues involved in a private equity (PE) firm’s decision to invest in the debt of a distressed leveraged buyout. The analysis has been purposefully simplified to involve onl... Read More
Micron Technology, Inc.: Riding the Wave—Refinancing Convertible Notes
Chaplinsky, Susan Nguyen, Nhat
F-1719 | Published December 17, 2014 | 18 pages Case
Collection: Darden School of Business
In 2013, Micron Technology (Micron), a leading provider of advanced memory solutions, was finally having a good year after several difficult years. In July, its share price rose above $14, an increase... Read More
Illinois Teachers' Retirement System: Private Equity Performance
F-1712 | Published May 12, 2014 | 21 pages Case
Collection: Darden School of Business
This case examines performance assessment in private equity (PE). Its main purpose is to familiarize students with the current guidelines regarding disclosure practices in PE and the performance metri... Read More
DuPont Corporation: Sale of Performance Coatings
Chaplinsky, Susan Marston, Felicia C. Merker, Brett
F-1709 | Published February 07, 2014 | 20 pages Case
Collection: Darden School of Business
In January 2012, Ellen Kullman, CEO and chairman of DuPont, must decide whether to retain or sell the company’s Performance Coatings (DPC) division. This is an introductory case on valuing a leveraged... Read More
Primary Integration, LLC: Lower-Middle-Market Investment
Chaplinsky, Susan Yang, Jiaxin (Cathy)
F-1705 | Published November 07, 2013 | 17 pages Case
Collection: Darden School of Business
This case is used in Darden's course elective "Entrepreneurial Finance and Private Equity." Students are asked to analyze the internal rate of return and cash-on-cash returns that a private equity fir... Read More
HemoShear, LLC: Series C Round Financing
Chaplinsky, Susan Erdman, Anne
F-1703 | Published October 07, 2013 | 15 pages Case
Collection: Darden School of Business
The HemoShear case is designed to provide an opportunity for students to factor in the dilution of a potential Series D round in the valuation of the Series C round. It also highlights the issue of wh... Read More
The High-Yield Debt Market
F-1702 | Published September 27, 2013 | 10 pages Technical Note
Collection: Darden School of Business
High-yield debt is an important provider of financing for a broad range of corporate purposes. This note discusses the basic features of high-yield debt, some of its advantages and disadvantages, and ... Read More
The IPO Issue Process
Chaplinsky, Susan Conroy, Robert M.
F-1700 | Published September 18, 2013 | 13 pages Technical Note
Collection: Darden School of Business
This note covers the institutional process for companies making an initial public offering (IPO) of equity. It focuses on the basic institutional requirements of an underwritten security offering and ... Read More
The Shelf Registration Process
F-1701 | Published September 18, 2013 | 6 pages Technical Note
Collection: Darden School of Business
This note covers U.S. SEC Rule 415, more widely known as shelf registration. It briefly discusses the rationale and historical origins of the rule in 1982 and then discusses several reforms?the introd... Read More
The Carlyle Group: IPO of a Publicly Traded Private Equity Firm
Chaplinsky, Susan Marston, Felicia C.
F-1689 | Published February 26, 2013 | 27 pages Case
Collection: Darden School of Business
The Carlyle Group IPO case explores the circumstances leading up to the firm's IPO in May 2012. Over the past 25 years, Carlyle had grown from a fledgling private equity firm to one of the world's lar... Read More
OutReach Networks: First Venture Round
F-1683 | Published October 31, 2012 | 6 pages Case
Collection: Darden School of Business
OutReach Networks is taught in Darden's Entrepreneurial Finance and Private Equity elective. A teaching note for this case is available for instructors as well as an Excel files for student and instru... Read More
AtHomeCare, Inc.: Health Care Services Rollup
F-1679 | Published September 21, 2012 | 22 pages Case
Collection: Darden School of Business
In mid-April 2010, Clark McCullough, a partner at Ardent Capital, reviewed the final investment memorandum concerning a possible $110 million investment in AtHomeCare, Inc., a private company providin... Read More
Oregon Public Employees Retirement Fund: Push and Pull Over GP/LP Compensation
Chaplinsky, Susan Loutskina, Elena Walsh, Rob
F-1628 | Published August 08, 2011 | 18 pages Case
Collection: Darden School of Business
The case is designed to explore the structure and rationale behind the standard compensation arrangements in the private equity (PE) industry. It effectively introduces students to commonly used terms... Read More
RadNet, Inc.: Financing an Acquisition
Chaplinsky, Susan Droznik, Alex
F-1652 | Published August 05, 2011 | 22 pages Case
Collection: Darden School of Business
This case examines issues surrounding the choice of financing arrangements for the acquisition of Radiologix in July 2006. The case follows Mark Stolper, the CFO of RadNet, as he considers how to rais... Read More
Nokia OYJ: Financing the WP Strategic Plan
Chaplinsky, Susan Marston, Felicia C.
F-1651 | Published July 13, 2011 | 27 pages Case
Collection: Darden School of Business
The Nokia case provides an opportunity to explore financing alternatives in a situation of broad strategic change. The case emphasizes the difficulties of managing the financial resources of technolog... Read More
Paul Capital and Project U: Secondary Sales of Private Equity Stakes
Chaplinsky, Susan Mulderry, Dan
F-1626 | Published June 28, 2011 | 28 pages Case
Collection: Darden School of Business
At a time of market turmoil, a university investment manager wants to unload the school's entire private equity portfolio; yet no public market exists, so the assistance of a partner at a PE firm is s... Read More
Valuation of Late-Stage Companies and Buyouts
Chaplinsky, Susan Khetrepal, Shikha
F-1639 | Published March 15, 2011 | 27 pages Technical Note
Collection: Darden School of Business
This note focuses on the valuation of late-stage companies with a particular emphasis on leveraged buyouts (LBOs). In addition to LBOs, late-stage investments can arise in situations involving growth ... Read More
Goodyear Tire & Rubber Company: Follow-On Equity Issue
Chaplinsky, Susan Estey, Warren
F-1596 | Published July 16, 2009 | 20 pages Case
Collection: Darden School of Business
This case explains marketing process for follow-on equity offerings, the direct and indirect costs of issue, and the long-run performance of equity issuers. Students use analysts’ projections from whi... Read More
Polaris Management: The Løgstør Rør A/S Journey
Chaplinsky, Susan Loutskina, Elena Engell, Julie
F-1586 | Published July 10, 2009 | 27 pages Case
Collection: Darden School of Business
How does a private equity fund decide whether to cut its losses on a newly successful but somewhat unstable investment? Focusing on the exit valuation of an international manufacturing company, this c... Read More
IN-fusion, Inc.
F-1584 | Published March 04, 2009 Case
Collection: Darden School of Business
This case is designed as an introductory exercise to familiarize students with several methods used to value early-stage companies. The value of a young biotech company is compared under the venture c... Read More
Bear Stearns and the Seeds of Its Demise
F-1574 | Published October 22, 2008 | 24 pages Case
Collection: Darden School of Business
This case is suitable for courses on corporate finance at the graduate or advanced undergraduate level that cover banking, financing, security design, capital structure, or capital markets. The case c... Read More
TRX, Inc.: Initial Public Offering
Chaplinsky, Susan Morita, Kensei Zeng, Xing
F-1568 | Published September 20, 2008 | 21 pages Case
Collection: Darden School of Business
This case provides comprehensive coverage of a firm’s decision to undertake an IPO and the process of going public. The case follows the sequence of events from the company’s incorporation in 1999 thr... Read More
MicroStrategy, Incorporated: PIPE (JAPANESE)
Chaplinsky, Susan Crawford, Richard D.
F-1914 | Published August 20, 2008 | 19 pages Case
Collection: Darden School of Business
This is a Japanese translation of the June 10, 2003, version of UVA-F-1368. In mid-June 2000, MicroStrategy CEO Michael Saylor is considering an investment of $125 million of convertible preferred sto... Read More
Investing in Sponsor-Backed IPOs: The Case of Hertz
Chaplinsky, Susan Marston, Felicia C. Pozzi, Michael
F-1561 | Published March 10, 2008 | 21 pages Case
Collection: Darden School of Business
This case and its companion, UVA-F-1560, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In November 2006, Alec Berg, a successful hedge fund manager, must... Read More
Bidding For Hertz: Leveraged Buyout
Chaplinsky, Susan Marston, Felicia C.
F-1560 | Published February 17, 2008 | 19 pages Case
Collection: Darden School of Business
This case and its companion, UVA-F-1561, were awarded the 2012 Wachovia Award for Excellence in Teaching Materials - Innovative Case. In August 2005, The Carlyle Group and its partners (Clayton, Dubil... Read More
Elephant Bar Restaurant: Mezzanine Financing
Chaplinsky, Susan Anderson, Kristina
F-1542 | Published September 20, 2007 | 29 pages Case
Collection: Darden School of Business
In November 2003, John Fruehwirth, a principal at Allied Capital, was considering a $20 million mezzanine investment in growth capital for Elephant Bar, a California restaurant chain. Elephant Bar had... Read More
Investure, LLC, and Smith College
Chaplinsky, Susan Harris, Robert S. Kelly, Dorothy C.
F-1537 | Published September 18, 2007 | 21 pages Case
Collection: Darden School of Business
Alice Handy, an investment professional with 30 years' experience as head of the University of Virginia Investment Management Company, has opened a new asset management firm targeted at midsize endowm... Read More
Deluxe Corporation
Bruner, Robert F. Chaplinsky, Susan Forio Simulation
F-1492 | Published December 08, 2005 | 20 pages Case
Collection: Darden School of Business
In July 2002, an investment banker advising Deluxe Corporation must prepare recommendations to the company's board of directors regarding the firm's financial policy. Special considerations are the mi... Read More
The Buyout of AMC Entertainment
Chaplinsky, Susan Oppenheimer, Stephan Patra, Vikram
F-1508 | Published July 17, 2005 | 26 pages Case
Collection: Darden School of Business
In July 2004, J.P. Morgan Partners (JPMP), the private equity arm of JPMorgan Chase & Co., was in the midst of formulating the final terms of a public-to-private buyout proposal for AMC Entertainment ... Read More
Valuing the Early-Stage Company
Chaplinsky, Susan Reed, Brendan
F-1471 | Published June 08, 2005 | 15 pages Technical Note
Collection: Darden School of Business
This note covers several frequently used methods to value early-stage companies and discusses some of the issues and difficulties encountered more generally in valuing privately held assets. The basic... Read More
Jocelyn Chang: Comparing Angel-Investing Models
Chaplinsky, Susan Glynn, John W. Kelly, Dorothy C.
ENT-0063 | Published May 13, 2005 | 16 pages Case
Collection: Darden School of Business
In late 2004, a cashed-out entrepreneur in the health sciences decides to pursue private-equity angel investing as a means to fulfill her professional, financial, and personal objectives. Jocelyn Chan... Read More
PluroGen Therapeutics
Chaplinsky, Susan Goodall, Dan Kozu, Cindy Li, Larry
F-1469 | Published April 04, 2005 | 19 pages Case
Collection: Darden School of Business
Founded in February 2003, PluroGen Therapeutics is a start-up pharmaceutical firm that is in the process of developing a topical antimicrobial gel (TAG) to prevent and treat burn and skin-ulcer infect... Read More
Concierge Club: Series A Round
Chaplinsky, Susan Triantis, April Cook, Gavin
F-1468 | Published February 19, 2005 | 15 pages Case
Collection: Darden School of Business
Concierge Club is an early-stage company looking to raise $6 million of additional funding in a Series A financing in December 1999. Mary Naylor, the founder and CEO of Concierge Club, is a dynamic an... Read More
Rockwood Specialties: High-Yield Debt Issue
Chaplinsky, Susan Kim, Sungnam "Kevin"
F-1447 | Published July 07, 2004 | 23 pages Case
Collection: Darden School of Business
In November 2000, Kohlberg, Kravis, and Roberts (KKR) purchased Rockwood Specialties, Inc., a specialty chemicals company, in a $1.2 billion buyout. Spurred by the favorable market conditions in the f... Read More
The Early-Stage Term Sheet
Chaplinsky, Susan Triantis, April
F-1444 | Published May 17, 2004 | 13 pages Technical Note
Collection: Darden School of Business
An updated version of this note, "Early-Stage Term Sheets" (UVA-F-1730), is available and may be used as a replacement. The typical term sheet for a venture-capital investment contains a host of cont... Read More
Fisher & Paykel Industries Ltd. Restructuring
Chaplinsky, Susan Wang, Wenyong Pundir, Gitanjali
F-1442 | Published May 13, 2004 | 19 pages Case
Collection: Darden School of Business
This case examines the use of an American Depositary Receipt (ADR) program in the context of an overall restructuring plan that students are asked to evaluate. A New Zealand-based conglomerate's stock... Read More
CalPERS versus Mercury News: Disclosure Comes to Private Equity
Chaplinsky, Susan Perry, Susan
F-1438 | Published April 15, 2004 | 20 pages Case
Collection: Darden School of Business
In November 2002, a California state court required the California Public Employees' Retirement Systems (CalPERS) to publicly report its returns on private-equity investments. This case examines the c... Read More
PIPEs: Private Equity Investments in Distressed Firms
Chaplinsky, Susan Haushalter, David
F-1412 | Published July 23, 2003 | 9 pages Technical Note
Collection: Darden School of Business
This technical note describes the basic features of a new type of security called private investment in public entities (PIPEs). Increasingly, public companies in need of financing are raising capital... Read More
MicroStrategy Incorporated: PIPE
Crawford, Richard D. Chaplinsky, Susan
F-1368 | Published January 07, 2003 | 18 pages Case
Collection: Darden School of Business
In mid-June 2000, MicroStrategy CEO Michael Saylor is considering an investment of $125 million of convertible preferred stock in his firm by a group of private investors including Citadel Investment ... Read More
Methods of Intellectual Property Valuation
Chaplinsky, Susan Payne, Graham
F-1401 | Published October 10, 2002 | 13 pages Technical Note
Collection: Darden School of Business
This note addresses the methods used in valuing intellectual property, with a particular focus on patents. The note defines intellectual property and explains its growing importance. It also describes... Read More
SecureNet, Inc.: Series A Round
Chaplinsky, Susan Triantis, April
F-1396 | Published September 23, 2002 | 21 pages Case
Collection: Darden School of Business
This case is designed for use in JD/MBA programs or in contexts where mutual understanding of legal and financial issues is required. The case focuses on an entrepreneur in the security-software indus... Read More
MinderSoft, Inc.
Chaplinsky, Susan Crawford, Richard D.
F-1346 | Published October 02, 2001 | 21 pages Case
Collection: Darden School of Business
The MinderSoft case explores the entrepreneur's attempt to raise a first round of venture capital. The founder and venture fund's valuation differ by a large amount. The founder must decide whether to... Read More
Practices of Active Private Equity Firms in Latin America
Bruner, Robert F. Chaplinsky, Susan
F-1336 | Published July 17, 2001 | 16 pages Technical Note
Collection: Darden School of Business
The purpose of this note is to offer a general profile of private equity investment firms and practices in Latin America as of early 2001. The findings are developed from field interviews conducted by... Read More
Amoco Corporation
Chaplinsky, Susan Lynch, Luann J. Doherty, Paul
F-1262 | Published March 21, 2000 | 26 pages Case
Collection: Darden School of Business
This case is one of a pair of cases used in a merger negotiation. It is designed to be used with "British Petroleum, Ltd." (UVA-F-1263). One-half of the class prepares only the British Petroleum (BP) ... Read More
British Petroleum, Ltd.
Chaplinsky, Susan Lynch, Luann J. Doherty, Paul
F-1263 | Published March 21, 2000 | 26 pages Case
Collection: Darden School of Business
This case is one of a pair of cases used in a merger negotiation. It is designed to be used with "Amoco Corporation" (UVA-F-1262). One-half of the class prepares only the Amoco case, and one-half uses... Read More
Methods of Valuation for Mergers and Acquisitions
Chaplinsky, Susan Schill, Michael J. Doherty, Paul
F-1274 | Published March 03, 2000 | 18 pages Technical Note
Collection: Darden School of Business
This note addresses the methods used to value companies in an M&A (mergers and acquisitions) setting. It provides a detailed description of the discounted-cash-flow (DCF) approach and reviews other me... Read More
Formula One: Intangible Asset-Backed Securitization
Chaplinsky, Susan Lathrop, Josh
F-1323 | Published February 05, 2000 Case
Collection: Darden School of Business
This case examines a proposed $2 billion asset-backed securitization offering that is to be supported by F1's TV broadcasting rights. The case is written from the perspective of Steve Din, executive d... Read More
The Basics Of Financial Derivatives
F-1258 | Published September 05, 1999 | 9 pages Technical Note
Collection: Darden School of Business
This note describes the basic elements and pricing of financial derivatives. Financial derivatives are contracts whose value is derived from the value of some other underlying asset, such as a share o... Read More
Signet Banking Corporation
Chaplinsky, Susan Harris, Robert S. Jordan, Brad Redd, Mitchell
F-1221 | Published April 20, 1999 | 22 pages Case
Collection: Darden School of Business
This case investigates the alternatives that Signet Banking Corporation faced in 1995 as it attempted to restructure itself; the market perceived Signet to be undervalued, especially in light of the s... Read More
Diva Shoes, Inc.
F-1222 | Published January 01, 1999 | 15 pages Case
Collection: Darden School of Business
This case examines the exchange rate risk of a U.S.-based manufacturer of women's luxury shoes that has recently introduced its product in Japan. Students are asked to evaluate the extent of the firm'... Read More
WorldCom, Inc.: Corporate Bond Issuance
F-1237 | Published November 01, 1998 | 14 pages Case
Collection: Darden School of Business
This case invites students to estimate the costs of a new debt issue. Designed as an introductory case for use early on in an MBA course, it requires students to compute the yield-to-maturity on the W... Read More
The Dividend Discount Model
F-1234 | Published September 28, 1998 | 11 pages Technical Note
Collection: Darden School of Business
This note focuses on the dividend model (DDM), or Gordon Growth Model, as it is sometimes known. The DDM appears in many forms in practice. The note examines its role in estimating the intrinsic value... Read More
Polaroid Corporation, 1996
Bruner, Robert F. Chaplinsky, Susan
F-1181 | Published April 04, 1997 | 20 pages Case
Collection: Darden School of Business
This case puts the student in the shoes of the recently appointed treasurer of Polaroid Corporation, who must consider several matters concerning the firm's debt policy. An immediate concern is the co... Read More
The Effects Of Debt Equity Policy on Shareholder Return Requirements and Beta
Chaplinsky, Susan Harris, Robert S.
F-1168 | Published April 01, 1997 | 16 pages Technical Note
Collection: Darden School of Business
This note outlines the link between shareholder-return requirements and a firm's use of debt. It explores the theoretical arguments concerning how the cost of equity changes with the use of debt and d... Read More
Debt Financing, Firm Value, and the Cost of Capital
Chaplinsky, Susan Harris, Robert S.
F-1166 | Published March 31, 1997 | 21 pages Technical Note
Collection: Darden School of Business
This note is suitable for an introductory MBA course in corporate finance. It explores how managers determine the proper amount of debt financing to use to fund a firm's operations. It examines the fu... Read More
MCI Communications Corp.: Capital Structure Theory (A)
Chaplinsky, Susan Harris, Robert S.
F-1175 | Published March 31, 1997 | 10 pages Case
Collection: Darden School of Business
This case provides an introductory exercise for estimating the cost of capital (cost of equity, weighted average cost of capital) for a firm contemplating a large increase in debt. Students are asked ... Read More
The Issue Process for Public Securities
F-1129 | Published October 17, 1996 | 9 pages Technical Note
Collection: Darden School of Business
This note covers alternative methods for issuing securities in the U.S. public markets. It focuses on the basic institutional requirements of an underwritten security offering and the role of investme... Read More
Capital Structure Theory: A Current Perspective
Chaplinsky, Susan Harris, Robert S.
F-1165 | Published January 05, 1996 | 14 pages Technical Note
Collection: Darden School of Business
Finance scholars' approach to capital-structure issues reflects a progression of thought over time. This note provides an overview of the current state of capital-structure theory. One perspective on... Read More
Eagle Finance Corp. (B)
F-1102 | Published November 22, 1995 | 11 pages Case
Collection: Darden School of Business
This case and its companion (UVA-F-1095) provide comprehensive coverage of a firm's decision to undertake an initial public offering (IPO). The company is a nonregulated financial firm in a rapidly gr... Read More
Eagle Finance Corp. (A)
F-1095 | Published November 22, 1995 | 16 pages Case
Collection: Darden School of Business
This case and its companion (UVA-F-1102) provide comprehensive coverage of a firm's decision to undertake an initial public offering (IPO). The company is a nonregulated financial firm in a rapidly gr... Read More