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Prize winner
Subject category: Entrepreneurship
Published by: INSEAD
Originally published in: 2004
Version: 07.2014
Length: 6 pages
Data source: Field research

Abstract

This is part of a case series. Cumberland Entertainment, a niche music producer, was looking for capital to finance its planned expansion. CEO Tom Smith entered into negotiations with private equity firms, and struck an agreement that turned out to be incomplete. As a result, serious problems arose between financial investors and management. The case series describes how the parties dealt with these problems as their relationship evolved.
Location:
Size:
CAD27 million (approx EUR15 million) annual revenues
Other setting(s):
1999-2004

About

Abstract

This is part of a case series. Cumberland Entertainment, a niche music producer, was looking for capital to finance its planned expansion. CEO Tom Smith entered into negotiations with private equity firms, and struck an agreement that turned out to be incomplete. As a result, serious problems arose between financial investors and management. The case series describes how the parties dealt with these problems as their relationship evolved.

Settings

Location:
Size:
CAD27 million (approx EUR15 million) annual revenues
Other setting(s):
1999-2004

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