Moving from family control to business recovery : the buyout of FRAM by Karavel / Djibrilla Moussa Ousseini.

Format:

Book

Author/Creator:

Ousseini, Djibrilla Moussa, author.

Series:

SAGE Knowledge. Cases.

SAGE research methods. Cases.

SAGE Knowledge. Cases

SAGE research methods. Cases

Language:

English

Subjects (All):

Sale of business enterprises--Case studies.

Sale of business enterprises.

Business enterprises--Purchasing--Case studies.

Business enterprises.

Hospitality industry--Case studies.

Hospitality industry.

Karavel Group.

FRAM.

Business enterprises--Purchasing.

Genre:

Case studies.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2019.

System Details:

text file

Summary:

Karavel Group is an online travel business that was backed by LBO France and recognized for the recovery of travel companies in difficulty. The company had spent millions of euros to acquire businesses that were no longer profitable. In November 2015, they set their sights on FRAM, a family travel business founded in 1949, whose brand maintained its high quality image despite its mounting financial difficulties since 2000. In the buyout, it appears that various factors motivated Karavel to invest recovery capital in FRAM, while FRAM was motivated by other factors to accept the buyout. Did FRAM make the wrong decision in selling to a company backed by an investment fund? This case study highlights the varied motivations that led the firms to conclude an offer, as well as the process of the offer and its consequences. It highlights key issues of patient and recovery capital and financial versus strategic value in buyouts of struggling family businesses.

Notes:

Includes bibliographical references and index.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781526466679

OCLC:

1089142515

Access Restriction:

Restricted for use by site license.