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Investment banks-hedge funds and private equity

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Reference no: EM133120905

Book: Investment Banks, Hedge Funds and Private Equity, 3rd Edition (David P. Stowell)

Quintiles IPO

1. What are the different strategic alternatives that Quintiles should consider and their pros and cons.

2. Does it make sense for the private equity firms to exit their Quintiles position partially through an IPO rather than an M&A sale? If so, why?

3. If an IPO is chosen, how will the private equity firms eventually exit their remaining position?

4. Why do you think Morgan Stanley, Barclays, and JP Morgan were selected as joint- bookrunning lead managers? Which firm played the leading role in this transaction? What were its principal responsibilities?

5. What is the reason that underwriters were granted an option to purchase additional shares from selling shareholders? Describe how this option works.

6. Using only the information provided in the case packet, determine an IPO valuation for Quintiles based on comparable company and DCF valuation methodologies. Explain your calculations, and briefly justify any assumptions made.

Reference no: EM133120905

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