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On 5 March 2025, the United Kingdoms Financial Conduct Authority (FCA) published the findings of its multi-firm review of valuation processes for private market assets (the Review). By: Proskauer - Regulatory & Compliance
and Dublin, Ireland January 23, 2025 FOCUS Investment Banking based in the US (the Company) and FOCUS Capital Partners (FCP) based in Ireland have combined ownership and operations to provide best in class investment banking services for middle-market clients. Washington, D.C.
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. He envisioned Conversant as a platform to capitalise on real estate opportunities across the liquidity spectrum in both public and private and up and down the capital structure including equity and credit. What does your role involve?
To go from equity value to enterprise value, add the net debt (debt minus cash) of the company to equity value. Step 3: Calculate Debt and Equity Funding Amounts (Sources & Uses) Since LBOs are financed using a combination of debt and equity, you’ll need to determine how much of each will be used in the transaction.
million US instruments across municipal, corporate and government debt, and structured finance, and will reduce reliance on inconsistent and error-prone sources to price securities, manage risk, and comply with regulations. The provider has said that the offering will give clients access to data for 3.6
Inflation can also have an impact on the cost of debt required to finance an investment. Inflation itself does not directly affect the cost of debt or interest; rather, since inflation and interest rates are very closely related, changes in inflation impact changes in interest rates.
Optimize Working Capital (One Year Ahead) What It Is: Net Working Capital (NWC) is Current assets minus current liabilities (A/R + Inventory A/P + Accrued Expenses), excluding cash, which you keep (in a typical cash-free, debt-free transaction). Obviously, this doesnt fly with the buyer three days before close.
15, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. per share, and assume approximately $133 million in net debt ( 2 ). The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions, including obtaining the requisite shareholder and regulatory approvals. HOUSTON, Jan.
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. This results in the target company receiving a potentially very different capital structure than they previously had, typically with higher debt levels.
million on a debt-free basis, subject to customary adjustments for closing working capital and transaction expenses. Upon the closing of the transaction, which is expected to occur by the end of the first quarter of 2025, Bangor will become a wholly owned subsidiary of Unitil. HAMPTON, N.H.,
According to Holon IQ, the global education market has reached a value of over $6 trillion with only $150 billion of market capitalization. of total educational expenditures by 2025 [6]. With high levels of student loan debt, this demand has become more urgent. Even though digitization only occupies 2.6%
In addition to the high cost of debt interfering with their bottom line, they also have to contend with a buyer pool that’s larger than ever before , with 50+ buyers in the current pool where there used to be ~5. Sellers are remaining patient and working with M&A advisosr to identify areas of opportunity.
Whether you're preparing for a full exit or exploring growth capital, understanding how to craft a compelling CIM is critical to a successful outcome. Buyers will assess scalability, defensibility, and technical debt. This article outlines the essential components of a CIM, with a focus on software and tech-enabled businesses.
I hope 2024 treated you and yours incredibly well, and I’m looking forward to an even better year in 2025. The focus of the collision vision in 2025 is to double down on the most important and timely topics in the collision repair business and to triple or even quadruple down on offering actionable insights for your business.
Buyers want to understand how much cash has been collected for services not yet delivered and how that impacts working capital and post-close obligations. Capitalization Table and Option Schedules Cap tables are often outdated or incomplete. A well-documented EBITDA bridge can materially impact valuation.
These changes are designed to improve market stability, increase transparency, and mitigate systemic risks in bond markets, affecting everything from Treasury securities to corporate debt. PTFs, which trade using their own capital rather than on behalf of clients, will now be required to register as dealers with both the SEC and FINRA.
Financial and Tax Documents Final working capital adjustment schedules Tax allocation statements (especially in asset sales) IRS Form 8594 (Asset Acquisition Statement) Payoff letters for outstanding debt or convertible notes 5. Legal and Regulatory Filings Secretary of State filings (e.g.,
Since H2 2022, industries across the board (including insurance) have seen declines in deal volume as prospective buyers have withheld their funds for more favorable conditions in which the cost of debt is not so high. If you want to explore the next steps for 2024, contact our team here or use the information in the section below.
litigation, debt) are disclosed Team & Org: Document key roles, retention plans, and any dependencies on founders or key personnel Many founders underestimate the time and effort required here.
If your business faces financial difficulties, creditors typically cannot pursue your personal assets to satisfy business debts. Most notably, only C Corp shares qualify for the QSBS exclusion that lets you shelter up to $10M of capital gains from federal taxes. This is why public companies are almost always C Corp.
Floating-rate debt will likely be the chosen option by borrowers. Additionally, borrowers with strong banking and other lending relationships may opt to finance with short-term debt, holding off on obtaining longer-term loans until interest rates stabilize. By: Allen Matkins
Given the UKs status as the largest centre for private market asset management in Europe, and the importance of fair and robust valuation practices in private markets, the FCA has addressed its review to valuation practices in the fund and portfolio management sector, as well as advisory services in the private equity, venture capital, private debt.
April 01, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced that it has entered into a definitive agreement to acquire Maine Natural Gas Company (Maine Natural) from Avangrid Enterprises, Inc., million on a debt-free basis, subject to adjustment for closing working capital and transaction expenses.
While the outlook for further cuts in 2025 is uncertain the full percentage point reduction should benefit the many acquirers, particularly private equity, who utilize debt to finance deals. The post Human Capital Management 2024 Year in Review appeared first on FOCUS.
European derivatives exchange Eurex is set to launch futures contracts on EU issued bonds, with trading scheduled to begin on 10 September 2025. The launch aligns with an increased push to expand the firms product portfolio in European fixed income derivatives.
Summary of: What Buyers Are Looking for in AI and SaaS Company Acquisitions in 2025 As we move deeper into 2025, the M&A landscape for AI and SaaS companies continues to evolve shaped by macroeconomic pressures, shifting capital markets, and the accelerating integration of artificial intelligence across enterprise software.
The challenges of 2024 will remain looking into 2025, but there is a strong appetite for M&A in the year to come. This means many of the same challenges from the last three years will continue, including hesitant buyers that use debt to finance deals and sellers not willing to sell at a discount.
What is the key challenge facing the post-trade landscape in 2025? Much work has been done to increase capital requirements, enhance risk management, improve liquidity, reduce leverage, and improve oversight. The first thing which comes to mind is regulation.
From a capital markets perspective, Japan has offered the region valuable lessons in how to stimulate market activity through a package of measures and corporate governance reforms. Elsewhere in Asia, the capital markets emergence from a decade-long low interest rate environment has been slower. Asia remains a very dynamic region.
Student Debt Relief : The platform includes plans for substantial student debt relief and reform of student loan programs to make repayment more manageable. The proposed student debt relief, while popular among many voters, raises questions about long-term sustainability and fairness.
That said, Q4 was the strongest quarter for M&A involving VC-backed startups since early 2023 and we see signs of strong momentum heading into 2025. Lets take a closer look at key developments in tech M&A during 2024 and what we could see in 2025. 7] The OISP took effect on January 2, 2025.
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