AMS capital & philips lighting: will de vries be the genius of the lamp?

• Autor(a) principal: Silva, João Filipe Coutinho Alves da
• Data de Publicação: 2018
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/36284
• topic: Carve-out; Initial public offering; Royal philips; Philips lighting; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

The following case-study reports the situation involving Royal Philips, Philips Lighting and the fictitious Hedge Fund AMS Capital Portfolio Manager, Luuk de Vries, as of May, 2016. The structure is divided between the case story and a teaching note. Present in the case story, the events involving the three parties until Philips Lighting is carved-out from Royal Philips and listed trough an IPO are reported. The teaching note intends to tackle de Vries’ question of buying or not on the IPO and to understand the reasoning behind carving-out. The teaching note closes favouring the buy and flip the stock strategy.