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Frequently Asked Questions for Private Companies Considering a Reverse Merger

JD Supra: Mergers

*This piece appears in PitchBook’s 2023 Annual US VC Valuations Report. By: Mintz - Securities & Capital Markets We believe this is the wrong question—we view a reverse merger as "going public" during your cross-over round, rather than as an alternative to an IPO.

Mergers 175
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Survey: The State of Venture Capital

Deal Lawyers

Aumni and Fenwick recently released their latest “Venture Beacon,” a quarterly report on the state of the venture capital market.

Capital 124
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Debt Capital Market Update - Q3 2023

TKO Miller

TKO Miller Debt Capital Market Analysis Leverage multiples have pulled back significantly in M&A transactions from their 2021 peaks due to a tightening of the lending environment, Sr. Debt / EBITDA, decreased from 4.0x in 2021 to 3.5x in Q2 of 2023 (as shown in the below graph).

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Mergers and Inquisitions

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

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Methods and Examples on How to Value a Company

Lake Country Advisors

Accurate and appropriate valuation is one of the pillars of maximizing the profits from a business sale. However, company valuation isn’t as simple as slapping a price on your business. It’s a delicate balancing act, as inaccurate valuations have polarizing consequences.

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What’s Next for US M&A

The Harvard Law School Forum

It is likely that direct lenders will step in to pick up some of the slack left by more cautious capital markets. Indeed, the markdown in EBITDA multiples will make many opportunities all the more compelling over the next six to 12 months, and acquisitions made during this period promise to deliver when valuations recover.

M&A 98
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Interim Guidance on Stock Buyback Excise Tax Confirms Broad Application to M&A and Capital Market Transactions

Cooley M&A

This post highlights key guidance from the Notice as it relates to common M&A and capital market transactions. Even if a Covered Corporation issues more shares than it repurchases in a taxable year, timing and valuation differences can prevent the netting rule from eliminating its Excise Tax liability.

M&A 52