La Sonrisa Máxima AJ-EF-020
Secunda is Prima’s employee and a dentist in one of Prima’s dental clinics. Secunda and Prima are going to open a new clinic together in Spain under a new Sociedad Anónima. They have mistakenly made investments on account of the new company. Leasing over equipment has been entered into with a third party, for equipment to be used in the clinic.
The students are asked to regularise this de facto situation with a long-term solution. Furthermore, the relationship of both parties as partners must be regulated, and in particular, Secunda’s dual role as a dentist and director.Academic Area:Finance | Entrepreneurship | Others | Innovation
Capital Privado y Creación de Valor: El Caso Donalds … DF1-220
Ignacio Vercesi was analyzing the information he had of Donaldson, S.A., potential target for acquisition of the private equity company where he was founding parnter.
Donaldson S.A. was a small Spanish firm in retail, with reknown and traditional brands. It was going through difficulties as a consequence of the changes in the new consumption tendencies and the recent economic crisis.
Even though the company was in what Mr. Vercesi considered was an unsustainable situation, the owners of Donaldson with whom he had been in contact considered unacceptable any offer below book value. The mayority of Donaldson's capital was owned by a family, and the company wasn't public.Academic Area:Finance
Comunicar intangibles en un proceso de cambio: La tr … DF1-219
At a time when public opinion of the financial sector was low at best, "la Caixa", a Catalonian bank founded in 1904, found itself in need of a transformation from a savings bank into a banking foundation. In order to communicate this transformation, "la Caixa" would need to convey that while the transformation would entail numerous changes in terms of its legal framework and corporate structure, it would still maintain the values and identity that identified it from its inception.Academic Area:Finance
Mallorca-Hubb: ¿Una combinación ganadora? DF1-218
The case describes the various elements that should be considered when analyzing the profitability of a joint venture for one of the participants. The objective is to carry out an assessment of the company after a few years of operation, considering the historical data and the business plan for the next five years.
The case is designed for graduate students who have an understanding of the fundamentals of business valuation. In addition, it is a document that could be used in seminars or in-company courses of executive education, in subjects related to corporate assessment and company restructuring.Academic Area:Finance
Supermercados Isleños, S.A. DF1-217
In a rainy day of February, Antonio Gómez, General Manager and shareholder of Supermercados Isleños, S.A. (SISA) was trying to organize his ideas, develop arguments and draw conclusions to be able to defend his new and ambitious strategy for the company at the next meeting of the Board of Directors. While he stared at the rain beating down against his windowpane he tried to concentrate on the facts.... This case study describes, from the point of view of the General Manager, the alternatives SISA is facing in order to ensure its survival.Academic Area:Finance
Las recetas de éxito de El Cosaco DF1-212
Many businesses were affected by Spain’s financial crisis, restaurants not being the least of them. In this case, the student follows the story of Ángel, owner of a Russian restaurant located in the heart of Madrid, and his struggle to overcome the obstacles his restaurant was facing. In order to make his restaurant profitable again, he had to take into consideration a number of factors and develop a strategy that would allow him to continue offering the quality experience he was used to offering while adapting to a market whose landscape had changed dramatically over the past few years. In this case, the students will investigate calculating break-even points as a means of adjusting strategies in order to increase profits.Academic Area:Finance
¿La estrategia crea valor? Isofotón y el desafío Gri … DF1-198
Isofotón, a company based in Málaga, Spain established in 1981, specializes in the production and development of solar photovoltaic energy projects. Initially, the company had few competitors and the sector saw much growth. However, increasing competition, subsidized rates and Spain’s economic crisis all affected Isofotón, and in June 2010 the Affirma group acquired 100% of the company. Now it was up to Angel Luis Serrano, the new CEO, to pursue the company’s new vision of coupling a global market strategy with significant improvement in costs and efficiency. In this case, the student will investigate how, in a global sector with so much surplus capacity and growing price competition, strategy within a company can create value.Academic Area:Strategy | Finance
La recapitalización de Famosa DF1-187
In mid-2009 Famosa CEO José de la Gándara decided that his company was facing a critical situation that would determine its future existence. The onset of the financial crisis in late 2007 had reduced sales and narrowed margins and the company registered loss in the three years comprising the period 2007-2009. Forecasts for the end of the year indicated bankruptcy as the company´s shareholders´ equity would be in the red. This case examines the subject of debt restructuring focusing on the analysis of the potential viability and profitability resulting from the restructuring including a subsequent sale of the company.Academic Area:Finance