SUBJECT AREAS: Careers & career planning, Entrepreneurial finance, Financial strategy, Investments, Leveraged buyouts, Venture capital CASE SETTINGS: New York, NY; 20 employees; 2002 Martin Smith, a recent HBS graduate, has just begun working with a leveraged buyout firm. His first assignment is to evaluate three different deals and make recommendations to the partners. As he studies the deals,
... [Show full abstract] he realizes that each has different merits and drawbacks and that his recommendation must take into account not only the specifics of each target company but also the situation of his firm. Also, he must consider the stage of his career and that of the senior partner.