Impactful Investments and Exits: Angeleno Group and GT Solar

Name: Impactful Investments and Exits: Angeleno Group and GT Solar (English version)
SKU: SCG-590

Eric Maltzer, Benjamin Rostoker

Product #:SCG-590

Supplier:Lloyd Greif Center - USC

Discipline:Finance

Setting:United States; California, United States; New Hampshire

Details:Case (PDF) • 18 pages • 2021-10-10

Subjects:

Entrepreneurial exit strategy Private equity Going public Social entrepreneurship Scaling entrepreneurial ventures Financial risk Entrepreneurship Entrepreneurial financing Finance and investing Finance and investing

Geography:

United States California New Hampshire North America

Your Price:

$10.54

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Angeleno Group, a clean energy private equity firm co-founded by Yaniv Tepper, is assessing a potential exit from a major acquisition in the solar power industry. The portfolio company, GT Solar, manufactures a critical component for solar cell production. GT holds the rights to a technology that disrupted the solar market by reducing the price of refined silicon and enabling the production of low-cost solar panels. Three years after the original acquisition, Tepper and the Angeleno Group are considering a lucrative exit, but must decide between the public markets or a private saleâ€”or possibly holding onto GT Solar.

Learning Objectives

To introduce students to the process private equity firms utilize to acquire, grow and exit from investments.
To demonstrate the challenges of valuing privately held companies.
To conduct a risk adjusted return analysis.