Brazos Partners: The Comark Lbo

Posted: 30 Dec 2006

See all articles by G. Felda Hardymon

G. Felda Hardymon

Harvard Business School - Finance Unit

Ann Leamon

Harvard Business School - Finance Unit

Josh Lerner

Harvard Business School - Finance Unit; Harvard University - Entrepreneurial Management Unit; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI); Harvard University - Private Capital Research Institute

Date Written: February 19, 2004

Abstract

SUBJECT AREAS: Due diligence, Leveraged buyouts, Negotiations, Recapitalization, Valuation

CASE SETTINGS: Texas; 6 employees; 2001

The partners of a new midmarket buyout fund are working on a buyout of a closely held modular building company. Although originally structured as a stock deal, they have realized that an asset deal would be preferable from their point of view and are trying to determine what benefits it might hold for the sellers, whose continuing involvement in the company is essential for success. This case describes the process of the deal's due diligence and the state of the LBO industry in the early 21st century.

Suggested Citation

Hardymon, G. Felda and Leamon, Ann and Lerner, Josh, Brazos Partners: The Comark Lbo (February 19, 2004). HBS Publishing Case No.: 9-202-090; Teaching Note No.: 9-205-020, Available at SSRN: https://ssrn.com/abstract=954270

G. Felda Hardymon

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States

Ann Leamon (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
203-918-4492 (Phone)
781-237-6050 (Fax)

Josh Lerner

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-6065 (Phone)
617-496-7357 (Fax)

HOME PAGE: http://www.people.hbs.edu/jlerner/

Harvard University - Entrepreneurial Management Unit

Cambridge, MA 02163
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Harvard University - Private Capital Research Institute ( email )

114 Western Ave
Allston, MA 02134
United States

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