hard · Private Equity
A sponsor owns 94.5% of a company's equity, with the remainder held by management rollover. At exit, there is a Management Incentive Plan (MIP) that awards 12% of fully-diluted equity to the team.
If the total exit equity value is 700.7m, what is the sponsor's share of the proceeds?
- 84.1m
- 582.7m
- 616.6m
- 662.2m
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