Skip to main content
The independent home of the case method - and a charity. Make an impact and  donate
 
 
More search options
Basket icon
No items
Basket icon

Product details

Product details
By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Thumbnail image for product with reference number 9-209-091
WL Ross and Plascar
Case
-
Reference no. 9-209-091
Subject category: Finance, Accounting and Control
Authors: C Fritz Foley (Harvard Business School); Linnea Meyer (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2009
Version: 25 November 2009
Length: 16 pages
Data source: Field research
Topics: Private equity; Finance; Debts; Cross-cultural relations; International finance; International business; Restructuring; Insolvency; Investors; Balance sheets
Share a link: https://casecent.re/p/87435
| No reviews for this item
This product has not been used yet
View our pricing guide or login to see prices.

Abstract

How can distressed investors take advantage of the procedures governing an international bankruptcy? Wilbur L Ross, chairman and CEO of the private equity firm WL Ross & Co, LLC, has the opportunity to bid for debt and equity claims on Plascar Industria e Comercio Ltda, the Brazilian subsidiary of the bankrupt global auto components company Collins & Aikman Corporation. In evaluating this opportunity, students must analyze Ross's strategy to reshape a global industry with significant overcapacity, consider the opportunities created by the legal procedures that govern cross-border insolvencies, study a debt overhang problem, and consider how restructuring alternatives can address this problem.
Size:
Gross revenue: USD200 million sales
Other setting(s):
2006
Thumbnail image for product with reference number 5-209-092
WL Ross and Plascar
Teaching note
-
Reference no. 5-209-092
Subject category: Finance, Accounting and Control
Authors: C Fritz Foley (Harvard Business School); Linnea Meyer (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2009
Version: 25 November 2009
Length: 22 pages
Data source: Field research
View full details

About

Abstract

How can distressed investors take advantage of the procedures governing an international bankruptcy? Wilbur L Ross, chairman and CEO of the private equity firm WL Ross & Co, LLC, has the opportunity to bid for debt and equity claims on Plascar Industria e Comercio Ltda, the Brazilian subsidiary of the bankrupt global auto components company Collins & Aikman Corporation. In evaluating this opportunity, students must analyze Ross's strategy to reshape a global industry with significant overcapacity, consider the opportunities created by the legal procedures that govern cross-border insolvencies, study a debt overhang problem, and consider how restructuring alternatives can address this problem.

Settings

Size:
Gross revenue: USD200 million sales
Other setting(s):
2006

Related

Thumbnail image for product with reference number 5-209-092
WL Ross and Plascar
Teaching note
-
Reference no. 5-209-092
Subject category: Finance, Accounting and Control
Authors: C Fritz Foley (Harvard Business School); Linnea Meyer (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 2009
Version: 25 November 2009
Length: 22 pages
Data source: Field research
View full details