Antin I. P., a private equity fund targeting infrastructure assets with a value-add strategy, is preparing a bid for over 2,000 cell towers sold by French mobile network operator Bouygues Telecom.

Topics: infrastructures as an asset class, organization of private equity, mobile networks, simple LBO modeling, value creation in private equity.

French version here

  • with François Sauvageot (HEC Paris EMBA 2018)

In 2018, Mobivia is pondering a possible return to Brazil for Midas, the automotive aftermarket franchisor for which it owns the rights . Various deployment strategies are considered including organic development through a local subsidiary or a joint venture with a local player.

Topics: franchising , joint venture, company valuation.

  • with Joël Peress (INSEAD)

The case focuses on the ultimately disastrous $1.2bn derivatives (elephant) trades the LIA, Libya's new sovereign wealth fund, entered into in early 2008 on Goldman’s advice.

Topics: option basics (diagrams, put-call parity, etc.); option pricing (trees, Black-Scholes, etc.)

In March 2011, Prada is preparing an IPO, set for June in Hong Kong. A team at Crédit Agricole’s CLSA unit is setting a preliminary price range, structuring the offering and preparing the process.

Topics: luxury and fashion industry, company valuation, IPO process

  • with Marc Kitten (Candesic and Imperial College)

In March 2011, China Fire, a US-listed Chinese company under pressure from hedge funds, must evaluate a buyout offer from private equity firm Bain Capital and management.

Topics: fire safety industry, company valuation, US-listed Chinese companies

  • with Joël Peress (INSEAD)

  • Winner: EFMD 2014 competition "Finance and Banking” category

In late 2011, Infineon, the semiconductor giant, is sitting on a €2.4bn cash balance representing 40% of its assets. Should Infineon pay out some of the cash? And if yes, by which methods?

Topics: semiconductor industry, cash reserves, payout policy