Search for tag 'Financieel management'

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  1. Case study

    The Alfacam Group: impulsive growth and financial distress

    The Alfacam Group was a Belgian company that provided facilities and services for television and production companies between 1987 and 2013. This case portrays the turbulent history of Alfacam, beginning with its inception in 1987, its IPO in 2007 and the failed takeover attempt by Hinduja Group in 2013.

  2. The new landscape of the infrastructure debt market

    The Belgian infrastructure debt market has undergone considerable changes in the past years. Due to low interest rates environment together with new banking and insurance regulations, market players have revised their infrastructure investment strategies. In order to investigate the recent developments in Belgian infrastructure debt market and their origins, professor Issam Hallak and researcher Mathias Wambeke conducted interviews with market players, representative of the different categories: lenders, private equity funds, public entities, financial advisors, and regulators.

  3. Case study

    Autoparts: analysis and valuation of a distressed buy-out by a private equity investor

    At the end of 2008, Dutch automotive component supplier AutoParts was on the verge of bankruptcy, due to high leverage levels combined with lower revenues as a consequence of the worldwide economic crisis. This case discusses a private equity investment in a distressed company undergoing operational and financial restructuring. It strongly focuses on the valuation of a troubled company.

  4. All together

    Transforming finance in an ICT organisation

    To prepare to meet greater competition resulting from the liberalisation and privatisation of Europe’s railway system, ICTRA’s Finance Department of the Belgian Railways Group undertook a process of transformation in collaboration with Deloitte Consulting Belgium. The case study that has now been published in collaboration with Vlerick Business School outlines the transformation project and can inspire other ICT organisations seeking similar results.

  5. Money

    Could being tax compliant on transfer-pricing actually be bad for business?

    International transfer pricing, that is, the setting of a price for internal transactions within a multinational group, is irretrievably linked to international tax law. In seeking equity across borders, tax law imposes the arm’s length principle as the yardstick to judge the fairness and correctness of the transfer pricing system, in line with the OECD Transfer Pricing Guidelines.

  6. Participation

    Emerging facts on Mergers and Acquisitions

    Mergers and Acquisitions (M&As) are a fact of business life, and can often be a quicker, easier and cheaper way for businesses to grow than by organic expansion. However, now that the heyday of the 1980’s hostile takeover is over, new research in Continental Europe reveals some surprising results for what makes a company more likely to seek speedier acquired growth, over slower expansion. M&As are still a popular means of growth for firms. So what makes a company look around for possible targets?

  7. ROI

    Well-considered choice for a certain type of venture capital determines the success of the investment

    The venture capital (or: VC) industry is often very heterogeneous in Europe, where independent, private investors operate alongside government, corporate or bank-related investors. Local players invest alongside international investors. Entrepreneurs often assume that the source of money is not important, but the different types of venture capital each have their own specific impact on the businesses they invest in, each with their specific advantages and disadvantages. Entrepreneurs therefore have to make well-considered choices.

  8. Control

    Bank ratings: key determinants and cyclicality

    Over the past decade, the economic environment has been characterised by high-profile business scandals and failures, in which different company stakeholders were involved. In July 2007, the world entered the most profound and disruptive crisis since 1929. Initially originating in the US, it has evolved into a deep and complex crisis at global level, resulting in significant economic damage. Lack of market transparency, the abrupt downgrading of credit ratings and the failure of Lehman Brothers have initiated a global breakdown of trust.

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