The Case Assignment This case is designed to simulate the private equity investment process from the perspective of a private-equity-fund managing director. The case provides a pathway to 1) understanding how to evaluate an investment opportunity by gathering information, analyzing risks, and identifying opportunities; 2) determining what additional information is needed to make a good investment decision; and 3) developing a viable exit strategy (including interim strategic decisions) to 4) make a compelling investment recommendation. You will take on the role of Tom Denning, a managing director at KLG, as he prepares to present a recommendation to his firm's investment committee regarding a potential buyout of Panera Bread. An analysis of the buyout opportunity should be completed in preparation for the upcoming investment committee meeting. The following outline may be used to help organize the PowerPoint presentation: KELLOGG SCHOOL OF MANAGEMENT 13 is authorized for use only in Prof. A. Kanagaraj's Mergers, Acquisitions, and Corporate Restructuring, Term - IV, BM 2019-21 at Xavier Labour Relations Institute (XLRI) 2020 to Dec 2020