Wiphold (B): Institutionalizing (Abridged)

By Benoit F. Leleux and Hischam El-Agamy

9 pages

July 2005

Order this case study

Reference: IMD-1-0231

This is an abridged version of the B-case which takes up the WIPHOLD story post-IPO, from April 1997 to April 1998. Flush with the success of its IPO, in which it raised R23 million, WIPHOLD was ready to move on to bigger and better things. The founders were keen to rid themselves of the debt accumulated from participating in some early deals and the strings attached to these bank financings. WIPHOLD was also increasingly gaining access to bigger deals and needed more money to fund them. In an environment of rising “black chips,” WIPHOLD was attracting increasing institutional interest and was confident of its ability to raise more funds. This time, it set itself an even more ambitious target: It would attempt to raise 20 times more than it had raised at IPO, in a private placement with its original women investors and various institutions. But the institutional money came with a price attached–a public listing within six months of placement. Was WIPHOLD ready for the public market now?

Keywords

Private Equity, Economic Empowerment, Black Economic Empowerment, Post-apartheid, Social Entrepreneurship, Development Finance, Financial Services

Settings

South Africa
1997-1998

Type

Field Research

Available Languages

English

Related material

Teaching note, Video

IMD case studies are distributed through case clearing houses. In order to browse the collection and purchase copies please visit the links below.

The Case Centre

Cranfield University

Wharley End Beds MK43 0JR, UK
Tel +44 (0)1234 750903
Email [email protected]

Harvard Business School Publishing

60 Harvard Way, Boston MA 02163, USA
Tel (800) 545-7685 Tel (617)-783-7600
Fax (617) 783-7666
Email [email protected]

Asia Pacific Case Center

NUCB Business School

1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]

IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.

Contact

Research Information & Knowledge Hub for additional information on IMD publications

This case study is part of a series

Wiphold (A): Beyond labor and consumption
Wiphold (A): Beyond labor and consumption (Abridged)
Wiphold (B): Institutionalizing
Wiphold (B): Institutionalizing (Abridged)
Wiphold (C): Managing the 2002 crisis
Wiphold (C): Managing the 2002 crisis (Abridged)
Wiphold (D): Back to private...
Wiphold (D): Back to private... (Abridged)

2005 EFMD AWARD WINNER (Managerial Issues in Transitory Economies)

This case study is part of a series

Wiphold (A): Beyond labor and consumption
Wiphold (A): Beyond labor and consumption (Abridged)
Wiphold (B): Institutionalizing
Wiphold (B): Institutionalizing (Abridged)
Wiphold (C): Managing the 2002 crisis
Wiphold (C): Managing the 2002 crisis (Abridged)
Wiphold (D): Back to private...
Wiphold (D): Back to private... (Abridged)

Wiphold (A): Beyond labor and consumption

By Benoit F. Leleux Hischam El-Agamy and Mopesola Ogunsulire
Case reference: IMD-1-0220 ©2005

Summary

This four-part case series documents the incredible journey from 1994 to 2005 of one of the most original black economic empowerment (BEE) vehicles...

2005 EFMD AWARD WINNER (Managerial Issues in Transitory Economies)

Reference IMD-1-0220

Organization Women Investment Portfolio Holdings Limited

Industry Finance and Insurance, Financial Services

Available Languages English

Contact

Research Information & Knowledge Hub for additional information on IMD publications

Related topics