Finding out Telepizza's secret

This project discusses the main responsible for TelePizza’s actual crisis situation, analyzing the company since 1997, when it first went public. The paper compares consolidated financial statements across four different periods, where TelePizza intertwined two market periods with two leveraged buyout periods,. The paper shows how the entry of private equity funds into the corporate structure damaged the company and triggered TelePizza’s delicate situation. The huge debt and overpayment practiced by the two private equity funds (Permira and KKR) were critical issues for the company.