The Uster buyout - the fabric of a private equity transaction

Brauer, Matthias ; Zimmermann, Martin ; Ursprung, Tobias

Document Type: Report
Year of publication: 2017
The title of a journal, publication series: CASE
Volume: 317-0081-1
Place of publication: Beds, UK ; Wellesley, MA
Publishing house: Case Centre
Publication language: English
Institution: Business School > Strategisches u. Internat. Management (Brauer 2014-)
Subject: 330 Economics
Keywords (English): Private equity ; Leveraged buyouts (LBO) ; LBO ; Acquisition; M&A (mergers and acquisitions) ; Private equity investments; Private equity and strategy making ; Corporate valuation ; Strategy
Abstract: In 2002, the Swiss Zellweger Luwa Group decided to divest its textile measurement division USTER. Besides being highly profitable, USTER was a global leader and well-known brand in the textile manufacturing market, making it a very attractive target for strategic buyers as well as private equity firms. The case illustrates the buyout from the perspective of the buyer consortium that consisted of two private equity firms, Capvis and Quadriga. It describes the pre-buyout phase in which the consortium participated in the bidding process. Capvis and Quadriga had to build up a reputation as a credible consortium and had to analyze the investment opportunity from various perspectives to determine if USTER was an interesting investment case. Moreover, the consortium had to ensure debt financing and determine a bidding price that was high enough to be competitive but also provided potential for adequate returns and accounted for the risks involved, for example the cyclicality of the business model.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Metadata export


+ Search Authors in

+ Page Views

Hits per month over past year

Detailed information

You have found an error? Please let us know about your desired correction here: E-Mail

Actions (login required)

Show item Show item