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Private equity investment committee paper on Sogrape, SGPS, S.A

2020-01-21Dissertação de mestrado Acesso aberto
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datacite.subject.fosCiências Sociais::Economia e Gestãopt_PT
dc.contributor.advisorCarvalho, Inês Lopo de
dc.contributor.advisorSantos, Fábio
dc.contributor.authorDuarte, Afonso Maria Jardim Gonçalves Teixeira
dc.date.accessioned2020-10-15T09:45:33Z
dc.date.available2020-10-15T09:45:33Z
dc.date.issued2020-01-21
dc.date.submitted2020-01-01
dc.description.abstractThis work project aims to study a private equity deal using a Leverage Buyout Model of the Portuguese private equity Sogrape, operating in the wine sector. In this specific part is define how much is Sogrape worth and how will be their initial capital structure. The starting point was the market and company analysis where it was concluded it is needed to take advantage of Sogrape’s positioning as a leader in the Portuguese market, promoting consolidation through an acquisition and empower the company positioning as a distributor. Regarding the international markets, part of the strategy involves to change the route-to-market in USA, a key market to this sector. In the other market clusters as growth platforms and mature markets, the plan involves the promotion of sales through an increase in marketing expenses as well as focusing on the segments that is expected to face a higher growth rate in the following years and where Sogrape holds more competitive advantages such as light wines. After this analysis, a valuation of Sogrape and Esporão was needed. Knowing the drawbacks of a Discounted Cash Flow valuation a valuation based on multiple was realized. To have the most complete multiple analysis we not only consider Sogrape most comparable companies multiples but also how much the market is currently paying looking for the last transactions multiples. Reaching a value for Sogrape value it was then possible to calculate how much equity and debt would be needed to buy Sogrape bearing in mind all the debt covenants (Leverage Amount, Interest and Cash Cover ratios) and expected cash generation.Keywords (up to four): Private Equity, Valuation, Multiplespt_PT
dc.identifier.tid202493733pt_PT
dc.identifier.urihttp://hdl.handle.net/10362/105626
dc.language.isoengpt_PT
dc.relationNova School of Business and Economics
dc.subjectPrivate Equitypt_PT
dc.subjectValuationpt_PT
dc.subjectMultiplespt_PT
dc.titlePrivate equity investment committee paper on Sogrape, SGPS, S.Apt_PT
dc.typemaster thesis
dspace.entity.typePublication
oaire.awardNumberUID/ECO/00124/2013
oaire.awardTitleNova School of Business and Economics
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2013/PT
oaire.fundingStream6817 - DCRRNI ID
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typemasterThesispt_PT
relation.isProjectOfPublication644a3f4f-817b-4d0d-aba6-f98cdca28bc7
relation.isProjectOfPublication.latestForDiscovery644a3f4f-817b-4d0d-aba6-f98cdca28bc7
thesis.degree.nameA Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economicspt_PT

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NSBE - MA Dissertations