Product details

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Abstract

Describes Gray Security Services, an entrepreneurial South African firm that has recently gone through a financial restructuring with the help of Brait Capital Partners, a private equity firm. Gray provides complete security services to companies in South Africa, other African countries, and some parts of Europe. Many of Gray''s clients are multinational firms. Gray is currently considering an IPO (initial public offering) in South Africa as well as further international expansion. At this point Dick Aubin, co-founder and Chairman of the firm, faces a number of important questions regarding the firm''s financing and directions for future growth. Offers an opportunity to analyze the private equity investment by Brait and the prospects of an IPO in South Africa. Also allows for a discussion about strategic choices regarding international expansion by a South African firm during a time of change in South Africa. The teaching purpose is: (1) aid assessment / valuation of private equity investment in a service company; and (2) aid assessment of IPO in South Africa versus alternative sources of equity.
Location:
Industry:
Size:
16,000 employees, USD88 million revenues
Other setting(s):
1999

About

Abstract

Describes Gray Security Services, an entrepreneurial South African firm that has recently gone through a financial restructuring with the help of Brait Capital Partners, a private equity firm. Gray provides complete security services to companies in South Africa, other African countries, and some parts of Europe. Many of Gray''s clients are multinational firms. Gray is currently considering an IPO (initial public offering) in South Africa as well as further international expansion. At this point Dick Aubin, co-founder and Chairman of the firm, faces a number of important questions regarding the firm''s financing and directions for future growth. Offers an opportunity to analyze the private equity investment by Brait and the prospects of an IPO in South Africa. Also allows for a discussion about strategic choices regarding international expansion by a South African firm during a time of change in South Africa. The teaching purpose is: (1) aid assessment / valuation of private equity investment in a service company; and (2) aid assessment of IPO in South Africa versus alternative sources of equity.

Settings

Location:
Industry:
Size:
16,000 employees, USD88 million revenues
Other setting(s):
1999

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