Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] because SPAC sponsor shares are forfeited and not entitled to receive any distributions upon liquidation).

M&A 52

M&A Capital Market Stock Mergers and Acquisitions 52

Wall Street Mojo

FEBRUARY 9, 2024

The primary sources of LMM companies are primarily different forms of debt and credit line lending systems. 3 – Mezzanine debt LLM firms mostly use it at the time of acquisitions as it uses equity in some form or another; the main advantages of it are negligible or no dilution, mostly favoring family-run enterprises.

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

The TRADE

OCTOBER 24, 2023

Its overall market share for cash equities clearing was 34% in the first half of 2023, an year-on-year increase from 2022. Cboe Clear Europe is an independent subsidiary of the Cboe group, operating with its own governance structure and management team – bolstered through the appointment of Vikesh Patel as President in December 2022.

Trading 59

Trading Risk Management Equities Management 59

Wall Street Mojo

JANUARY 18, 2024

It is also important to mention that non-sovereign bonds carry a high amount of counterparty risk, which needs to be taken into account before investing. It refers to the possibility that the lender may not receive the debt's principal and an interest component, resulting in interrupted cash flow and increased cost of collection.

Financial Models 52

Financial Models Financial Modeling Debt Financial Institution 52

Intrepid Banker Insights

MARCH 28, 2023

The M&A markets became significantly more challenged in the second half of 2022, and deal activity reported by investment bankers and private equity financial buyers has slowed down, with uncertainty and rising financing costs playing prominent roles. Watching for employee turnover is another key piece of the puzzle.

Capital 52

Capital Advisory Banking Bank 52

Sica Fletcher

MAY 8, 2024

Other times, they are hoping to use their share of the sale to alleviate personal debt. Having steady amounts of cash/accounts receivable on file demonstrates an observable level of financial stability, as well as being able to cover any short-term expenses the agency might incur. Manageable Debt.

Insurance 52

Insurance M&A Valuation Advisory 52

Cooley M&A

JANUARY 25, 2023

Tech M&A in 2022 was a tale of two halves. billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 billion [1] during the first half of 2022 to $189.17 billion in the second half, resulting in total 2022 volume of $720.3 trillion. [2] trillion.

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

The TRADE

APRIL 30, 2024

These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financial markets. By promoting transparency and accountability, Emir aims to help enhance market integrity and investor confidence.

Financial Institution 69

Financial Institution Financial Market Risk Management Banking 69

OfficeHours

AUGUST 25, 2023

In particular, new guidelines from the FDIC and Federal Reserve (among other governmental agencies) made it more difficult for banks to underwrite financings that resulted in debt-to-EBITDA ratios in excess of 6.0x. This capital is released once investors buy the debt off the banks’ balance sheets.

Private Equity 130

Private Equity Equities Debt Finance 130

Mergers and Inquisitions

NOVEMBER 1, 2023

This chart of PE deal activity from 2001 to 2022 in the Bain Capital Healthcare Private Equity report sums up the market quite well: In short, healthcare had never been a huge sector for private equity, but activity ramped up in the late 2010s into the early 2020s, and it’s now one of the top industries by dollar volume (right after tech).

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

FineMark

APRIL 13, 2023

Interestingly, throughout 2021 and 2022, there were no U.S. As we wrote in our Q4 2022 newsletter, we believe that the Fed will stop raising rates during the second quarter of 2023. If you missed our previous coverage, you can read our Q4 2022 newsletter here: [link].) SVB is the second-largest bank failure in U.S.

Banking 52

Banking Bank Investment Economics 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] in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

OfficeHours

AUGUST 20, 2023

On the other hand, working at a GP shop, your firm will source the deal and put together all the pieces, including raising equity and coordinating debt (together known as the capital stack, or cap stack for short). If you’re interested in learning more, a senior coach will be available for a free introductory call with live advice.

Private Equity 130

Private Equity Equities Investment Banking Finance 130

Growth Business

MAY 19, 2023

Recent figures from accountancy firm UHY Hacker Young found a record £2.3bn was invested into UK start-ups via the Enterprise Investment Scheme (EIS) in the year ending April 2022 into 4,480 firms, showing the angel investment network in rude health. They’ve been generous with their cash, too. Contact: enquiries@equitygap.co.uk

Investors 84

Investors Investment Funds Business 84

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. to back them.

Banking 123

Banking Bank Funds Government 123

Tyton Partners

MAY 30, 2023

However, international enrollment is showing signs of recovery: from 2021 to 2022, undergraduate international enrollment was up 5% YoY, graduate by 26%. In 2022, there were a total of ~1M international students enrolled in U.S. higher education, accounting for ~5.5% of all enrollment.

Education 52

Education Private Equity IT Recruitment 52

FineMark

OCTOBER 17, 2023

The elevated inflationary period experienced in 2022, combined with challenging demographics faced by our nation, have contributed to this uptick. budget deficit and its upcoming substantial debt repayment, which will require refinancing in the next three years and expand the size of current Treasury auctions.

S&P 52

S&P Investment Portfolio Corporation 52

Growth Business

MARCH 1, 2024

Capital is available, valuations have started to normalise and the debt markets are still supportive – albeit with greater scrutiny and higher costs. The data below from Statista shows the volume of UK private equity deals between 2017 and 2022.

Private Equity 59

Private Equity Equities Investment Business 59

Cooley M&A

JANUARY 25, 2024

Although the aggregate global M&A deal value dropped significantly in 2023, the number of deals consummated only decreased by 6% compared to 2022. Activists did not hesitate to target foreign private issuers listed in the US, announcing 62 campaigns in 2023, as compared to 42 campaigns and 15 campaigns in 2022 and 2021, respectively.

M&A 52

M&A Mergers and Acquisitions Government Investment 52

How2Exit

MAY 27, 2024

rn rn rn Importance of Due Diligence: Buyers should approach acquisitions carefully, utilizing advisors, accountants, and attorneys to ensure a secure transaction. This shift signifies potential balance restoration in e-commerce M&A. rn rn rn Notable Quotes: rn rn rn "At the end of the day, you need to own your own business.

Business 130

Business Mergers and Acquisitions Valuation M&A 130

OfficeHours

JUNE 13, 2023

This preferential tax treatment was actually almost eliminated under the Inflation Reduction Act of 2022, but holdout Senator Krysten Sinema (Arizona) refused to sign the bill unless the carried interest loophole was preserved. debt – hence “leveraged buyout”) to finance their acquisitions. and how our process works.

Private Equity 130

Private Equity Equities Debt Corporation 130

OfficeHours

JULY 7, 2023

This preferential tax treatment was actually almost eliminated under the Inflation Reduction Act of 2022, but holdout Senator Krysten Sinema (Arizona) refused to sign the bill unless the carried interest loophole was preserved. debt – hence “leveraged buyout”) to finance their acquisitions.

Private Equity 100

Private Equity Equities Corporation Debt 100

Tyton Partners

JANUARY 12, 2024

6) A big year for federal oversight Mike Goldstein, Managing Director This year will see the implementation of a flurry of rules affecting the federal student aid programs intended “to hold colleges accountable and protect students from unaffordable college debt.” Significant

Education 59

Education Collaboration Mergers and Acquisitions Management 59