How should a newly hired CEO lead his company's transition to the next phase of ownership and capital structure five years after the execution of a leveraged buyout?
How should a newly hired CEO lead his company's transition to the next phase of ownership and capital structure five years after the execution of a leveraged buyout?
The first consideration of private equity ownership is achieving milestones to exit from the investment. Aramark, a classic leveraged buy-out company, has been private for many years. In that timeframe, the owners have considered a few alternatives including an initial public ownership to monetize their shares. This case asks students to consider and recommend among those alternatives.