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Public Company Take-Private Transactions: A Historical Perspective and What the Future May Hold

Recorded on: Oct. 18, 2018
Running Time: 01:01:31

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Taken from the Web Program Public Company Take-Private Transactions: A Historical Perspective and What the Future May Hold Recorded October, 2018 in New York [01:01:30]

Before the financial crisis, major private equity firms were frequently successful in acquiring significant public companies in “take-private” deals.  Major take-privates, including Hilton, RJR Nabisco, Georgia Pacific and First Data, rank among the largest M&A deals of all time.  Since the financial crisis, very few significant take-privates have been proposed or completed. 

Andrew Capitman, a Managing Director in the Duff & Phelps, LLC Transaction Opinions practice which provided fairness and solvency opinions on many of the major take-private transactions will:

  • Provide an historical perspective on the key drivers supporting the take-private book, particularly in the 2005-2007 pre-crisis M&A boom
  • Discuss the major take-private deals, their financing and bidding processes
  • Evaluate the financial performance outcomes of major take-privates  
  • Discuss the factors contributing to the virtual demise of such transactions since 2009
  • Present and evaluate a new virtual take-private format evidenced in the Keurig Green Mountain merger with Dr. Pepper Snapple, 19% still pubic with JAB et al owning 81% in a $45 billion merger
  • Provide thoughts on the possibility of a new wave of take-privates

Presentation Material

  • Public Company Take-Private Transactions: A Historical Perspective and What the Future May Hold
    Andrew Capitman
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