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Published by: Columbia CaseWorks, Columbia Business School
Originally published in: 2019
Version: May 13, 2019
Revision date: 3-Jul-2019

Abstract

This fictionalized case explores an increasingly common challenge for private equity firms in the 21st century: how to drive shareholder returns via strategic repositioning and operational improvements, and not rely solely on financial engineering. Set in the '100-day planning workshop', a full-day conference typically held shortly after a deal closing, the case follow Sarah Chiang, VP at New York-based private equity firm Cahill Freeman Partners as she convened management, board, and industry advisors to examine important questions. The deal itself was a bold 'twofer', a simultaneous leveraged buy-out and merger of the USD1.7 billion Dallas-based Foster Industries and the USD1.3 billion Cleveland-based SmartServices - in the outsourced facilities management (OFM) space.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Time period

The events covered by this case took place in 2014-2018.

Geographical setting

Region:
Americas
Country:
United States

Featured protagonist

  • Sarah Chiang (female), Vice President

About

Abstract

This fictionalized case explores an increasingly common challenge for private equity firms in the 21st century: how to drive shareholder returns via strategic repositioning and operational improvements, and not rely solely on financial engineering. Set in the '100-day planning workshop', a full-day conference typically held shortly after a deal closing, the case follow Sarah Chiang, VP at New York-based private equity firm Cahill Freeman Partners as she convened management, board, and industry advisors to examine important questions. The deal itself was a bold 'twofer', a simultaneous leveraged buy-out and merger of the USD1.7 billion Dallas-based Foster Industries and the USD1.3 billion Cleveland-based SmartServices - in the outsourced facilities management (OFM) space.

Teaching and learning

This item is suitable for undergraduate and postgraduate courses.

Settings

Time period

The events covered by this case took place in 2014-2018.

Geographical setting

Region:
Americas
Country:
United States

Featured protagonist

  • Sarah Chiang (female), Vice President

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