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Case
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Reference no. 9-396-067
Subject category: Entrepreneurship
Published by: Harvard Business Publishing
Published in: 1996
Length: 30 pages
Data source: Field research

Abstract

Two former consultants have raised a search fund and are looking for a company to buy and run. After eight months of looking at deals, they have just signed a letter of intent to buy the second largest book retail chain in Canada in a turnaround situation. They must now decide whether to go through with the deal and, if so, how to raise the necessary financing.; Career implications--exit opportunities from consulting and the search fund process, turnaround valuation, deal assessments, and the process of recruiting debt and equity processing.

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Abstract

Two former consultants have raised a search fund and are looking for a company to buy and run. After eight months of looking at deals, they have just signed a letter of intent to buy the second largest book retail chain in Canada in a turnaround situation. They must now decide whether to go through with the deal and, if so, how to raise the necessary financing.; Career implications--exit opportunities from consulting and the search fund process, turnaround valuation, deal assessments, and the process of recruiting debt and equity processing.

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