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. Let’s dig in.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

Focus Investment Banking

JANUARY 21, 2025

Effective December 31, 2024, FOCUS Capital Partners (Ireland) and members of the senior executive team at FOCUS Investment Banking (USA) acquired the Company with the goal of deepening the connection between the firms.The acquisition furthers the transatlantic investment banking joint venture established in 2022.

Investment Banking 52

Investment Banking Capital Bank Banking 52

The Harvard Law School Forum

OCTOBER 24, 2022

Posted by Jason Booth, Insightia, on Monday, October 24, 2022 Editor's Note: Jason Booth is Vice President of Activism Editorial at Insightia, a Diligent Brand. Demands for cost-cutting and debt reduction are on the rise, as well as greater scrutiny of merger and acquisition (M&A) deals, especially in the U.K

Mergers and Acquisitions 94

Mergers and Acquisitions Corporation Government Funds 94

OfficeHours

OCTOBER 16, 2023

Even in 2022, when take-private deals hit a new record, they only accounted for 37% of the total value of transactions. Once the terms are agreed upon, the acquisition is financed through a combination of debt and equity from the PE firm, as with a typical transaction.

Investors 100

Investors Private Equity Equities Debt 100

OfficeHours

OCTOBER 23, 2023

Even in 2022, when take-private deals hit a new record, they only accounted for 37% of the total value of transactions. Once the terms are agreed upon, the acquisition is financed through a combination of debt and equity from the PE firm , as with a typical transaction.

Investors 130

Investors Private Equity Equities Investment 130

Global Banking & Finance

JUNE 1, 2023

Sugar group Tereos reports leap in core profit as prices rise PARIS (Reuters) – French sugar and ethanol group Tereos on Thursday posted a strong rise in sales and earnings for its 2022/23 financial year, supported by high prices across its markets, though net debt continued to rise.

Profitability 52

Profitability Debt Sale IT 52

TKO Miller

AUGUST 30, 2023

An 8% decrease in overall middle market valuations is a relatively small drop given buyers’ limited access to debt, increasing interest rates, and persistent inflation. Paperboard prices have also come down significantly from their peak in late 2022.

Middle Market 91

Middle Market Valuation S&P Debt 91

Growth Business

JUNE 7, 2023

2 – Starling Bank Since the start of 2022, Starling Bank has increased its headcount by 20 per cent to over 2,000 employees, and the neobank has no plans to slow down. In 2022 it secured $312m (£250m) in funding and was valued at $2.1bn (£1.7bn), which bestowed European and UK unicorn status upon the company.

Funds 98

Funds Bank Banking Investment 98

Focus Investment Banking

SEPTEMBER 19, 2024

For buyers, who rely heavily on debt financing to fund acquisitions, a rate cut—especially one larger than expected—creates immediate opportunities. Here’s how: Lower Cost of Debt Private equity firms typically use leverage (borrowed capital) to finance a significant portion of their acquisitions.

Mergers and Acquisitions 52

Mergers and Acquisitions Acquisitions Mergers Debt 52

The Deal

JULY 18, 2023

Firms have lowered hold sizes and increased loan prices as they lean toward smaller transactions, team up with other lenders on deals, shy away from unfunded debt and turn up scrutiny on business performance. Borrowers typically don’t have to pay interest on unfunded debt until they tap those credit lines.

Debt 52

Debt Finance Finance Private Equity 52

The Deal

OCTOBER 17, 2023

Inflation, supply chain disruptions and the rising cost of debt stopped consumer companies in their tracks last year. “We do think some of the transactions that may have launched in 2022 will start to get done in the back half of 2023.”

M&A 64

M&A IPO Retail Medical 64

Cleary M&A and Corporate Governance Watch

JANUARY 31, 2023

Most notably, in mid-December 2022, the EU Member States agreed on the EU Directive implementing Pillar 2 on the 15% effective minimum corporate tax rate that will need to be transposed into national laws by December 31, 2023.

Debt 52

Debt Government Corporation Equities 52

The Deal

DECEMBER 5, 2023

IFF) has a relatively new debt problem, but its solutions have quickly become old hat. Divestitures continued the next year, with the December 2022 sale of its savory solutions group for $900 million to PAI Partners SAS. International Flavors & Fragrances Inc. DD), nutrition and biosciences, for $26.2

Debt 52

Debt Mergers and Acquisitions Sale Business 52

Cleary M&A and Corporate Governance Watch

JANUARY 29, 2024

Either way, it is likely that a significant number of companies, across industries, will need to restructure their financial debt and operations.

Economics 52

Economics Debt Healthcare Management 52

MergersCorp M&A International

JULY 5, 2024

In 2023 the primary market for global convertibles was more than double since 2022, with volumes reaching USD 78Bn via 115 new issues. Financial Times published an article stating that US companies dive into convertible debt to hold down interest costs.

Debt 52

Debt Stock Initial Public Offering Capital 52

Cooley M&A

JULY 28, 2022

In the US, it is common to adjust the purchase price for cash, any excess or deficit of net working capital relative to a required level of net working capital, unpaid debt, and unpaid transaction expenses of the target business as of the closing, with an adjustment done at closing based on estimates and followed by a post-closing true-up.

M&A 59

M&A Debt Accountant Business 59

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

Mergers and Inquisitions

NOVEMBER 22, 2023

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

Bulge Bracket 105

Bulge Bracket Bank Banking Boutique 105

Sica Fletcher

JULY 11, 2024

While the cost of debt has increased to the point that buyers often acquire brokerages at an initial loss, insurance brokerage M&A multiples have not only held steady but are actually seeing all-time highs. Equity used to consist of senior debt (i.e., the amount all common shareholders invest in the brokerage).

M&A 52

M&A Insurance Debt Equities 52

Growth Business

DECEMBER 12, 2023

billion in the same period in 2022, according to the latest KPMG Pulse of Fintech report. The volume of UK fintech deals also dropped from 392 in the first half of 2022 to 212 UK M&A, private equity or VC deals completed in the first half of this year. billion in the first half of 2023 compared with £10.8

Bank 59

Bank Banking Debt Funds 59

Cooley M&A

OCTOBER 12, 2022

On September 28, 2022, Cooley sponsored the third virtual event in Axios’ Dealmakers series: A Conversation on M&A in Today’s Market. In their discussion, Leigh and Drumond surveyed 2022’s volatile deal flow, market outlook and impacts on various deal participants.

M&A 52

M&A Valuation Private Equity Finance 52

The New York Times: Banking

DECEMBER 21, 2023

Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.

Funds 145

Funds Financial Institution Debt Government 145

The Harvard Law School Forum

JUNE 27, 2023

government’s battle over the debt ceiling, though resolved in early June, destabilized markets in May when it appeared lawmakers might not come to a resolution. [5] 5] Despite the instability, investors were granted some breathing room in May as inflation continued to recede from its June 2022 peak. [6] 3] [4] The U.S.

Financial Institution 83

Financial Institution Bank Banking Consulting 83

Focus Investment Banking

JANUARY 18, 2024

It has taken two years to return to those levels, after 2022 and 2023 were burdened with interest rate hikes and fears of a recession. While the company generated over $260 million in revenues through the first three quarters of 2023, its stock price is trading under a dollar a share, as the company is burdened with substantial debt.

IPO 52

IPO Consulting Corporate Finance Professional Services 52

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.

Bank 123

Bank Banking Funds Government 123

Wall Street Mojo

JANUARY 4, 2024

Determine the mix of debt and equity required to finance the deal. For instance, interest expense is applicable when funding sources include debt. The revenues in 2022 were $600 million, with an annual growth rate of 10%. The debt was $200 million, and the cash was $120 million. After this, deduct applicable expenses.

Debt 52

Debt Private Equity Mergers and Acquisitions Investment 52

Wall Street Mojo

JANUARY 14, 2024

The European Stability Mechanism Board (ESM) operates as a financial backstop intergovernmental institution established in 2012 to combat the European sovereign debt crisis of 2009-2011 in euro member states. Greece faced severe economic challenges during the Eurozone debt crisis, and its financial stability was at risk.

Economics 52

Economics Debt Bank Banking 52

Sica Fletcher

JUNE 20, 2024

This is even more interesting when we view the rate of return for these insurance agencies, which has actually dropped below the cost of acquiring debt for a transaction, creating a negative spread for the first time in M&A history. Since 2022, the average multiple for these agencies has increased from 10.7x

M&A 52

M&A Insurance Valuation Equities 52

Successful Acquisitions

FEBRUARY 27, 2024

The same could be said about the variety of sequels and prequels that have come out in recent years (Christopher Robin (2018), Lightyear (2022), Indiana Jones and the Dial of Destiny (2023), etc.). The pressure on inorganic growth initiatives to financially compensate for organic growth failures forces Disney’s assets out of balance.

Entertainment 111

Entertainment M&A Acquisitions Business 111

The TRADE

JANUARY 22, 2025

On the equity capital markets (ECM) side, volumes are up significantly, close to double from last year, and even more so since 2022. We look for the opportunity that best achieves opportunistic returns on the best risk-adjusted basis, be it in equities, corporate bonds, distressed bonds, bank debt, or convertibles.

Funds 59

Funds Capital Capital Market S&P 59

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

The Deal

FEBRUARY 6, 2024

BofA and A&O worked with WillScot on the $323 million sale of its tanks and pumps segment to Kinderhook Industries LLC in 2022. The buyer will pay $3 billion for the target’s equity and assume $800 million in debt. A&O’s Jeffrey J. Pellegrino was finance counsel on the deal. to Double Eagle Acquisition Corp. billion.

Mergers and Acquisitions 52

Mergers and Acquisitions M&A Finance Finance 52

Focus Investment Banking

JULY 3, 2024

Deerpath Capital provided debt financing in the form of a revolving credit line and a senior debt facility in support of the transaction. In another deal, SailPoint Technologies was acquired by Thoma Bravo in 2022 for $6.9 In another deal, SailPoint Technologies was acquired by Thoma Bravo in 2022 for $6.9

IT 40

IT Private Equity Debt Finance 40

Growth Business

OCTOBER 2, 2023

The healthy appetite among VC investors and venture debt providers was particularly evident when it came to opportunities in technology. Here is a snapshot of some of the specific business activities that are likely to attract the most VC and venture debt this year.

Finance 52

Finance Finance Capital Funds 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 Bank Banking 52

Wall Street Mojo

JANUARY 18, 2024

Bullet bonds issued by other than the government carry higher interest payments due to the credit risk Credit Risk Credit risk is the probability of a loss owing to the borrower's failure to repay the loan or meet debt obligations. The bonds mature on 31st Dec 2022. read more associated with any other issuer other than the government.

Financial Modeling 52

Financial Modeling Financial Models Debt Financial Institution 52

The Deal

JULY 21, 2023

in 2023 through June 20, up from 11 and 13 in the same period in 2022 and 2021, respectively, according to data from Insightia. REITs in full-year 2022 and 2021 each. There were 18 REITs subject to activism demands in the U.S. Overall, activists targeted 20 U.S. And activists’ concerns with REITs are many.

Retail 52

Retail Management Government Investors 52