The Deal

JUNE 23, 2023

The recent purchase of Riverbed Technology LLC reflects a burgeoning niche for middle-market technology turnaround investor Vector Capital Management LP: buying companies from lenders who converted debt to equity through reorganizations. ” Apollo is providing some of Riverbed’s debt. APO) leading a recapitalization.

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Debt Middle Market Capital Profitability 52

The Deal

FEBRUARY 6, 2024

to Double Eagle Acquisition Corp. Schwitter, Pellegrino and Troy advised WillScot on its 2020 merger with Mobile Mini Inc., He was at Morgan Stanley at the time and moved to Goldman in 2021. The buyer will pay $3 billion for the target’s equity and assume $800 million in debt. billion in 2018. A&O’s William F.

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Mergers and Acquisitions Finance Finance M&A 52

Mergers and Inquisitions

SEPTEMBER 11, 2024

Renewable Energy Investment Banking Definition: In renewable energy investment banking, bankers advise companies in the solar, wind, biofuel, storage, battery, smart grid, electric vehicle, hydrogen, hydroelectric, and carbon capture verticals on equity and debt issuances, asset deals, and mergers and acquisitions.

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Investment Banking Banking Bank Investment 59

Mergers and Inquisitions

MARCH 13, 2023

SVB’s deposits grew from ~$62 billion at the end of 2019 to $173 billion at the end of 2022, and its loan-to-deposit ratio went completely out of whack: Tech startups were flush with cash due to a ridiculous fundraising environment in 2020 – 2021, and they put the money they raised in the bank. appeared first on Mergers & Inquisitions.

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Banking Bank Funds Government 123

Devensoft

JUNE 1, 2023

Chapter 1: A Modern Due Diligence Guide for Today’s Economy Merger and acquisition (M&A) due diligence is a crucial process for businesses looking to acquire or merge with another. A recent report by EY states that M&A activity reached record levels in 2021, with a total deal value of $5.8

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Economics M&A Management Financial Statement 98

Cooley M&A

JANUARY 25, 2023

Although 2022 saw a general decline in M&A activity in the life sciences industry compared to 2021’s frenetic pace (when deal volume was up 52% from 2020 ), life sciences deal flow in 2022 on balance remained strong despite the headwinds. Let’s dig in.

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M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

The Deal

JANUARY 25, 2024

billion in stock and assumed debt announced Monday, Jan. Vlahakos counseled the company on its sale of eight storage terminal locations to Sunoco for $250 million in 2021. Podolsky of Wachtell, Lipton, Rosen & Katz and George J. Vlahakos, Angela T. Richards and Tanner L. Sunoco turned to Michael J.

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Sale Transportation Finance Finance 52

Cooley M&A

APRIL 26, 2022

A scheme of arrangement is the most common structure for acquiring a UK public company when the target’s board is supportive of the deal – accounting for 81% of announced public deals in 2021 (up from 69% in 2020 and 71% in 2019) – and also can be used for private company acquisitions.

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Mergers and Acquisitions Shares Stock Acquisitions 59

Focus Investment Banking

JULY 3, 2024

According to data from FOCUS Investment Banking, most MSP deals to this point have been mergers of equals. Another example, Integris, a “merger of equals” between Domain and Tier One, was completed by private equity sponsor Frontenac in 2020. Now, due to growth of these companies, many may be due for recapitalizations.

IT 40

IT Private Equity Debt Finance 40

Cooley M&A

MAY 21, 2021

KCake Acquisition, Inc., April 30, 2021) is 125 pages long, but she helpfully digests the holding in a single sentence on page 3: “ Chalking up a victory for deal certainty , this post-trial decision resolves all issues in favor of seller and orders the buyers to close on the purchase agreement.”

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M&A Debt Private Equity Finance 40

Solganick & Co.

FEBRUARY 2, 2024

Opportunities for mergers and acquisitions in Los Angeles have seldom been more ripe, but many may end up spoiling on the vine while dealmakers hold out for a better alternative. was quoted in the annual 2024 “The Money Issue” as published by the Los Angeles Business Journal.

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M&A Business Middle Market Investment Banking 40

IBG

AUGUST 21, 2023

If the sale occurs in a high-interest-rate environment, an earnout can help narrow the gap created by debt coverage. The buyer gets the business now at a lower price, and the seller has a chance to recoup the difference down the road.

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Negotiation Profitability Business Sale 52

Mergers and Inquisitions

DECEMBER 4, 2024

Sports Investment Banking Definition: In sports IB, bankers advise on equity and debt issuances, mergers, acquisitions, and restructuring deals for sports teams and leagues, sports-adjacent technology and services firms, and facilities such as arenas, stadiums, and racetracks. Can teams carry debt?

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Investment Banking Banking Bank Investment 105

Cooley M&A

OCTOBER 8, 2024

KCake Acquisition Inc. , the Chancery Court ordered specific performance and enforced a reasonable best efforts provision to require a buyer to secure debt financing and close the transaction, where all of the buyer’s closing conditions (other than the condition to complete buyer’s financing) had been satisfied. Hill-Rom Inc. ,

M&A 52

M&A Mergers and Acquisitions Debt Finance 52

Mergers and Inquisitions

APRIL 10, 2024

For example, in 2021, the NBA started allowing institutional investors to own up to 20% of single teams, which led Arctos to invest 5% in the Golden State Warriors (they later increased this stake to 13%). The MLB started allowing PE ownership in 2019, and the NHL followed suit in 2021. appeared first on Mergers & Inquisitions.

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Private Equity Equities Funds Entertainment 103

PCO M&A Specialists

JANUARY 25, 2022

It’s no secret that interest in mergers and acquisitions in the pest management industry persists. At PCO M&A Specialists, we completed a record number of deals in 2021, totaling more than $250 million of enterprise value. After all, it’s not necessarily the highest price that yields the most money.

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Mergers and Acquisitions M&A Mergers Business 52

Cooley M&A

JANUARY 25, 2024

The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates. The aggressive rate hikes contributed to the decline in M&A activity in 2023.

M&A 52

M&A Mergers and Acquisitions Investment Government 52

Cooley M&A

FEBRUARY 1, 2024

2023’s much-discussed downturn in mergers & acquisitions – with global M&A volume and value down 6% and 17%, respectively, from 2022 – was largely driven by the slowdown in the tech sector, with global tech M&A volumes down 51% year over year, while other sectors saw marked increases. [1] billion leading the pack.

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Cooley M&A

JANUARY 25, 2023

The year started off with a bang, with mega-deals such as Microsoft’s pending $69 billion acquisition of Activision Blizzard, Elon Musk’s $44 billion acquisition of Twitter and Broadcom’s pending $61 billion acquisition of VMware inked in quick succession. billion, a 36% decrease from 2021’s record high of $1.1

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

Cooley M&A

FEBRUARY 3, 2025

Over the course of the year, many of the headwinds that have slowed tech M&A activity since 2022 began to abate as interest rates moderated, the acquisition financing market returned and equity markets reached new highs. billion acquisition of Altair, IBMs pending $6.4 billion take-private acquisition of Squarespace.

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M&A Mergers and Acquisitions Private Equity Acquisitions 59