AAA private equity firm sold its portfolio company, AMGN Inc., for $450 million enterprise value. The investment hit its target rate of return so management was awarded 7.5% of the stock of AMGN. At the time of the sale AMGN had debt outstanding of $210 million. What is the value received by AAA at the time of sale?

Answer rating: 100% (QA)

Since AAA sold AMGN for its enterprise value which takes debt int... View the full answer