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Product cover image for Chips on the Side (A): The Buy-Out of Avago Technologies

Chips on the Side (A): The Buy-Out of Avago Technologies

Prahl, Michael;Zeisberger, Claudia;Aggarwal, Vikas A.;Sawjiany, Swati

Product #:IN-S195
Supplier:INSEAD
Discipline:General Management
Setting:United States
Details:Case (PDF) • 19 pages • 2012-01-31 (Rev: 2020-07-15)

Subjects:

Private equityBusiness lawRisk management

Industries:

Construction and engineering

Geography:

United StatesNorth America
Your Price:$9.71

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A consortium of private equity firms (KKR and Silver Lake Partners) is in the process of acquiring the semi-conductor division of Agilent. To prepare for the signing of the acquisition agreement and the subsequent transfer of ownership, the deal team is revisiting their investment thesis with respect to upsides and risks. Please visit the dedicated case website http://cases.insead.edu/chips-on-the-side/ (copy and paste the url into a browser).

Learning Objectives

To explore the complexities of a typical buy-out situation from the operational side. Specifically, what are the highest impact value creation levers and biggest risks, and how to mitigate them. To discuss why Agilent wanted to sell the business and why PE firms might be a better owner at the time of the transaction.
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Case Study: Chips on the Side (A): The Buy-Out of Avago Technologies (English version) | Ivey Publishing