Ait Group

Posted: 30 Dec 2006

See all articles by G. Felda Hardymon

G. Felda Hardymon

Harvard Business School - Finance Unit

Ann Leamon

Harvard Business School - Finance Unit

Josh Lerner

Harvard Business School - Finance Unit; Harvard University - Entrepreneurial Management Unit; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI); Harvard University - Private Capital Research Institute

Date Written: February 10, 2003

Abstract

SUBJECT AREAS: Due diligence, Negotiations

CASE SETTINGS: United Kingdom; Software industry; Venture capital firms; 33 million British pounds; 500 employees; 2002

A U.S. venture capital firm has just learned that the deal structure for purchasing an illiquid U.K. software firm is unacceptable to institutional investors. Discusses whether the group still wants to go through with the deal. The key to that is whether the due diligence has uncovered all the issues that would affect the price that the investors will pay for the company and the amount they need to provide to get it back on its feet.

Suggested Citation

Hardymon, G. Felda and Leamon, Ann and Lerner, Josh, Ait Group (February 10, 2003). HBS Publishing Case No.: 9-803-104; Teaching Note No.: 9-805-037, Available at SSRN: https://ssrn.com/abstract=954267

G. Felda Hardymon

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States

Ann Leamon (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
203-918-4492 (Phone)
781-237-6050 (Fax)

Josh Lerner

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-6065 (Phone)
617-496-7357 (Fax)

HOME PAGE: http://www.people.hbs.edu/jlerner/

Harvard University - Entrepreneurial Management Unit

Cambridge, MA 02163
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
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European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Harvard University - Private Capital Research Institute ( email )

114 Western Ave
Allston, MA 02134
United States

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