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#3 dont need a page written just need a gist of Case: Palamon Capital Partners . Follow my requirements on group report (see below). Each
#3
dont need a page written just need a gist of
Case: Palamon Capital Partners . Follow my requirements on group report (see below). Each group submit one report by the group leader before the due date The case study Palamon Capital Partners/TeamSystem covers the important topic of business valuation which we study in Module 5. Each team turns in one report. The length of the report is limited to 5 pages double space with the font of 12. I post the guideline questions below and you are required to address all those questions in your report. These questions are not intended to be a complete list of the relevant issues in the case, therefore, should not be construed as the limits of your analysis. I expect the report to be written in prose style with tables to show your quantitative analysis. The grading of case report depends on both the substance of what you write and how you write it. I will not grade cases based on any "expected" answers to case questions, but on the consistency, rigor and efforts that reflects in your reports. Submit the group report by the team leader by the due date and time as you did the first group project. Guideline questions 1. What is private equity investing? Who participates in it and why? How is Palamon positioned in the industry? 2. How does private equity investing compare with public market investing? What are the similarities and differences between the two? 3. Why is Palaron interested in TeamSystem? Does it fit with Palamon's investment strategy? 4. How much is 51% of TeamSystem's common equity worth? Use both a discounted cash flow and a multiple-based valuation to justify your recommendation 5. What complexities do cross-border deals introduce? What are the specific risks of this deal? 6. What should Louis Elson recommend to his partners? Is it a go or not? If it is a go, what nonprice terms are important? If it's not a go, what counterproposal would you make? HE EU 2 FCF Palamon Capital Partner (2) View Tell me Insert Draw Page Layout Formulas Data Review Calibrl (Body) 11 29 Wrap Text General in BIU CH Merge & Center $ %) CO 10 Conditional Format Cel Formatting as Table Styles D E F H K M PALAMON CAPITAL PARTNERS TEANTSYSTEM S.P.A. Completed DCF Valuation for TeamSystem Ivalues in millions oflira, except where indicated for millions of euros) EBIT Leaves NOPAT Lessiner in NWC Les capes Plus depreciation and amort. Free cash flow Terminal valueContuation Valuat 2007 Free cash flow with terminal value 2000 23,863 10,202 13,657 1.270 (1.582) 835 14,803 2001 27,503 12,240 15,263 1.461 1,161 900 13,541 2002 31,689 14 584 17,105 1.6.RO 1275 975 15.124 2003 33,614 15,811 17.B03 773 1.148 1,010 16,892 2004 35,655 17.122 18.333 819 1,193 1,046 17,367 2005 37.815 28,934 18.884 868 1,240 1,085 17,861 2006 40,111 20,652 19,459 921 1,291 1.125 18.374 2007 42,542 22,584 19,958 976 1 344 1,170 15,808 Discount rate Enterprise value Les der Equity value Ura/eur exchange Equity value in furos 1936 Laura Case: Palamon Capital Partners . Follow my requirements on group report (see below). Each group submit one report by the group leader before the due date The case study Palamon Capital Partners/TeamSystem covers the important topic of business valuation which we study in Module 5. Each team turns in one report. The length of the report is limited to 5 pages double space with the font of 12. I post the guideline questions below and you are required to address all those questions in your report. These questions are not intended to be a complete list of the relevant issues in the case, therefore, should not be construed as the limits of your analysis. I expect the report to be written in prose style with tables to show your quantitative analysis. The grading of case report depends on both the substance of what you write and how you write it. I will not grade cases based on any "expected" answers to case questions, but on the consistency, rigor and efforts that reflects in your reports. Submit the group report by the team leader by the due date and time as you did the first group project. Guideline questions 1. What is private equity investing? Who participates in it and why? How is Palamon positioned in the industry? 2. How does private equity investing compare with public market investing? What are the similarities and differences between the two? 3. Why is Palaron interested in TeamSystem? Does it fit with Palamon's investment strategy? 4. How much is 51% of TeamSystem's common equity worth? Use both a discounted cash flow and a multiple-based valuation to justify your recommendation 5. What complexities do cross-border deals introduce? What are the specific risks of this deal? 6. What should Louis Elson recommend to his partners? Is it a go or not? If it is a go, what nonprice terms are important? If it's not a go, what counterproposal would you make? HE EU 2 FCF Palamon Capital Partner (2) View Tell me Insert Draw Page Layout Formulas Data Review Calibrl (Body) 11 29 Wrap Text General in BIU CH Merge & Center $ %) CO 10 Conditional Format Cel Formatting as Table Styles D E F H K M PALAMON CAPITAL PARTNERS TEANTSYSTEM S.P.A. Completed DCF Valuation for TeamSystem Ivalues in millions oflira, except where indicated for millions of euros) EBIT Leaves NOPAT Lessiner in NWC Les capes Plus depreciation and amort. Free cash flow Terminal valueContuation Valuat 2007 Free cash flow with terminal value 2000 23,863 10,202 13,657 1.270 (1.582) 835 14,803 2001 27,503 12,240 15,263 1.461 1,161 900 13,541 2002 31,689 14 584 17,105 1.6.RO 1275 975 15.124 2003 33,614 15,811 17.B03 773 1.148 1,010 16,892 2004 35,655 17.122 18.333 819 1,193 1,046 17,367 2005 37.815 28,934 18.884 868 1,240 1,085 17,861 2006 40,111 20,652 19,459 921 1,291 1.125 18.374 2007 42,542 22,584 19,958 976 1 344 1,170 15,808 Discount rate Enterprise value Les der Equity value Ura/eur exchange Equity value in furos 1936 Laura Step by Step Solution
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