Carlyle Group And The AZ-EM Buyout (B): Value Creation After The Transaction Harvard Case Solution & Analysis

IMD-3-2046 © 2009
Leleux, Benoit F.; Chakravarthy, Bala; Lachowitz, Jonathan

Abstract: The Carlyle Group's financial investment committee, through a consentaneous vote, provided Dr. Robert Easton, the consent to make a company offer to obtain AZ Electronic Materials (AZ-EM) from Clariant. The offer was signed on July 23, 2004 by Easton and the CEO of Clariant. With the offer done, Carlyle's interest turned from offer making to developing value.

AZ-EM had around 750 workers all over the world and 2003 incomes of around EUR566 million ($702 million). Carlyle had particular proficiency in semiconductors and electronic products through its buyout and endeavor activities, consisting of financial investments in Jazz Semiconductor, Ness and CPU Technology, allowing it to support the AZ-EM management group from both a market and company advancement point of view. AZ-EM's management group stayed mostly undamaged after the sale.

Subjects: Buyout; Private equity; Turnaround; Leverage; Chemical industry; Incentive structures
Settings: Switzerland ; Speciality Chemicals; Electronics ; Mkt Cap: CHF 500 million ; 2004-2009

Carlyle Group And The AZ-EM Buyout (B): Value Creation After The Transaction Case Solution Other Similar Case Solutions like

Carlyle Group And The AZ-EM Buyout (B): Value Creation After The Transaction

Share This