Publications
Publications
- July 2007 (Revised August 2010)
- HBS Case Collection
JP Morgan Partners - Cabela's Inc.
Abstract
JP Morgan Partners (JPMP), the private equity arm of JP Morgan Chase, owned 15% of Cabela's, Inc., a hunting and fishing equipment retailer in the U.S. In June of 2003, founders Dick and Jim Cabela wanted to liquidate some of their holdings. However, Cabela's was not ready for an IPO, and the brothers were not interested in selling Cabela's to a strategic acquirer. How should JPMP think about its exit options from this investment? Should it go in deeper and acquire a larger stake as a "first" step towards an exit? To complicate matters further, JPMP was now managing its Global Fund, whereas its existing stake in the company was held directly for the bank's account.
Keywords
Decision Choices and Conditions; Private Equity; Financial Liquidity; Investment; Ownership Stake; Retail Industry; United States
Citation
El-Hage, Nabil N., and Michael J. Roberts. "JP Morgan Partners - Cabela's Inc." Harvard Business School Case 208-026, July 2007. (Revised August 2010.)