Two partners of Warburg Pincus, a private equity firm, are trying to decide whether to take a public company in the portfolio, and what changes. The company, based electromagnetic GeoServices Norway (EMG), has developed a technology leader in the market that determines whether an underwater rock formation containing oil – before the oil company to drill a hole. With characteristic high growth EMG is very different from the typical oil services company, and would be more appropriate to float on the NYSE or the LSE, where liquidity and evaluations must also be greater than the Oslo Bors, the other possibility. However, floating in the United States as a result of increased compliance costs and may also require the management team to move to New York or Houston, something the team is reluctant to do so. Members must decide what to do before the window of IPO firms associated with the operation of energy.
by
G. Felda Hardymon,
Ann Leamon
Source: Harvard Business School
21 pages.
Date Posted: May 29, 2007. Prod #: 807092-PDF-ENG
Warburg Pincus and EMG: The IPO Decision (A) Case Solution
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