JD Supra: Mergers

MAY 21, 2024

Debt finance plays a key role in all parts of the capital structure for private investment funds and their investors.

Debt 161

Debt Finance Finance Private Equity 161

OfficeHours

JULY 18, 2023

In the pursuit of attractive equity returns, private equity firms have developed numerous innovative strategies beyond typical leveraged buyouts and take-private transactions. As it happens, this is an industry that has experienced a significant amount of private equity-backed roll-up activity.

Private Equity 130

Private Equity Equities Investment Mergers and Acquisitions 130

Mergers and Inquisitions

MAY 15, 2024

Private equity value creation came on my radar a few years ago when I noticed something: Even though traditional PE deal roles were not doing well, “operational” or “value creation” teams still seemed to be recruiting. What Does the Private Equity Value Creation Team Do in Real Life?

Private Equity 105

Private Equity Equities Consulting Recruitment 105

OfficeHours

JUNE 30, 2023

Are you preparing for upcoming private equity interviews? If so, understanding the mechanics of a leveraged buyout is paramount… Paper LBOs are an important part of any private equity interview. To go from equity value to enterprise value, add the net debt (debt minus cash) of the company to equity value.

Private Equity 130

Private Equity Equities Debt Recruitment 130

Mergers and Inquisitions

MARCH 13, 2024

Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity.

Private Equity 105

Private Equity Equities Capital Portfolio 105

Beyond M&A

MARCH 7, 2023

As private equity investors, you understand the importance of allocating funds to innovation and growth. That is the time spent on fixing issues, addressing tech debt and keeping the lights on. Maintenance tasks include bug fixes, addressing technical debt, and other tasks required to keep the software running smoothly.

Private Equity 130

Private Equity Investors Equities Debt 130

Deal Lawyers

JANUARY 11, 2024

Since 2018, John has addressed the debt default activism phenomenon on this blog and discussed related considerations, including contractual provisions designed to thwart default activists. Here’s an excerpt: In last year’s memo, we […]

Debt 100

Debt Private Equity Equities 100

The Guardian: Mergers & Acquisitions

OCTOBER 19, 2023

Arriva was put up for sale in 2019 by its German owner, Deutsche Bahn, which had originally sought to offload the company to reduce its own debts. Continue reading.

Private Equity 111

Private Equity Equities Debt Sale 111

Francine Way

MAY 14, 2017

To be explicitly clear, I am recommending the use of the following ranked capital sources when paying for an acquisition: cash (from the balance sheet), debt (at a reasonable level), and equity. Similarly, not all corporate debt instruments are created equal and each comes with pros and cons.

Debt 130

Debt M&A Trading Capital 130

JD Supra: Mergers

SEPTEMBER 26, 2023

UK & European Financial Services M&A: Sector trends H2 2022 | H1 2023 — Asset/Wealth Management - Sub-sector M&A activity levels soar—market moving deals across wealth management, financial planning, fund management, debt servicing, trust administration, direct lending and private equity funds in the last 12 months.

Management 161

Management Private Equity Financial Services M&A 161

Deal Lawyers

JUNE 27, 2024

A recent Womble Bond Dickinson memo says that private equity funds and strategic investors are increasingly interested in taking minority positions in target companies.

Private Equity 113

Private Equity Investment Debt Equities 113

Growth Business

MARCH 1, 2024

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.

Private Equity 59

Private Equity Equities Investment Business 59

Mergers and Inquisitions

JULY 31, 2024

If you ever tire of the hype around tech, industrials private equity might be an ideal hiding spot. Morgan’s acquisition of Carnegie Steel in 1901 – was an industrials private equity deal. Table Of Contents Industrials Private Equity Defined What Has Drawn Private Equity Firms to Industrials Companies?

Private Equity 59

Private Equity Equities Middle Market Debt 59

Wizenius

MARCH 28, 2023

"It's a giant struggle because there's a lot of dry powder for the equity part of private equity deals. This is in contrast to the abundance of available capital, or "dry powder," for the equity portion of private equity deals. Pratik S

Private Equity 52

Private Equity Equities Debt Finance 52

OfficeHours

OCTOBER 20, 2023

For private equity investors who have been monitoring the situation around inflation for the last few months to a year, many have been disappointed to see the slow trajectory with which inflation has been coming down from highs. Explore the role of private equity now. Currently, inflation in the U.S.

Investors 130

Investors Private Equity Equities Debt 130

OfficeHours

OCTOBER 16, 2023

For the average person, rising interest rates are not ideal for those with significant amounts of debt, those looking to purchase a home with a mortgage, or many other use cases. Therefore, ideal private equity target companies have steady cash flows and minimize variable or unexpected costs.

Investors 130

Investors Private Equity Debt Equities 130

OfficeHours

JUNE 5, 2023

The paper LBO is one of the most commonly used and intimidating interview techniques for private equity. Many candidates dread the paper LBO, but simply put, it is one of the most definitive “weeder” techniques used by many private equity firms and investment banking to lower the applicant pool.

Private Equity 147

Private Equity Valuation Equities Debt 147

Mergers and Inquisitions

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed investing offers equity-like returns with lower risk.” Distressed assets offer non-correlated returns, similar to global macro.”

Debt 103

Debt Funds Investment Equities 103

OfficeHours

AUGUST 20, 2023

Written by a Top OfficeHours Private Equity Coach Is PE a Good Fit for you? To know if the buyside is right for you, let’s start with a textbook understanding of “What is private equity?” Many first-year (and some second-year) analysts are unsure if private equity should be their next step.

Private Equity 130

Private Equity Equities Investment Banking Finance 130

Sica Fletcher

SEPTEMBER 25, 2019

In recent posts, we outlined the background of and reasons for the dramatic upsurge of private equity investment in the insurance brokerage industry , how the combination of private equity and low interest rates have dramatically raised valuations , and how private equity sponsored agencies increasingly dominate the insurance agency business.

Private Equity 52

Private Equity Equities Insurance Capital 52

The New York Times: Mergers, Acquisitions and Dive

JUNE 21, 2023

Two new books offer harsh assessments of private equity firms that specializes in buying up companies only to saddle them with debt and squeeze them for profits.

Private Equity 90

Private Equity Debt Profitability Equities 90

Midaxo

AUGUST 2, 2023

Corporate development leaders, in-house M&A counsel and private equity investors from a range of industries and regions shared first-hand experiences, best practices and guidance from their vast M&A experience. The high cost of debt is contributing to fewer PE deals.

M&A 245

M&A Mergers and Acquisitions Private Equity Mergers 245

Focus Investment Banking

APRIL 7, 2024

One aspect that is often talked about and significantly impacts the business landscape is the relationship between interest rates, private equity groups, and business valuations. For private equity (PE) groups, these rates determine the cost of capital, which is essential for their investment strategies.

Private Equity 52

Private Equity Valuation Equities Business 52

OfficeHours

OCTOBER 16, 2023

For private equity investors who have been monitoring the situation around inflation for the last few months to a year, many have been disappointed to see the slow trajectory with which inflation has been coming down from highs. Instead, inflation of 5% would mean that the private equity firm’s real return would be reduced to 15%.

Investors 100

Investors Private Equity Debt Equities 100

OfficeHours

OCTOBER 23, 2023

However, for private equity investors, this uncertainty represents a unique opportunity to take advantage of investment opportunities in public markets. A “take-private” transaction in the context of private equity is a process by which a PE firm acquires a publicly listed company and converts it into a privately held entity.

Investors 130

Investors Private Equity Equities Investment 130

Growth Business

OCTOBER 25, 2024

By Michael Goodwin on Growth Business - Your gateway to entrepreneurial success Many entrepreneurs’ burning question when considering investment for growth is how much equity to give away. To determine the value of the shares specifically, you need to adjust for the debt and cash in the business.

Equities 79

Equities Investment Private Equity Valuation 79

Chesapeake Corporate Advisors

NOVEMBER 19, 2024

Private equity groups (PEGs) are active buyers in M&A transactions , accounting for $1.3 The sale proceeds that the seller contributes to the transaction, which is commonly referred to as rollover equity , provides an opportunity at a “second bite of the apple” when the PEG later sells the company in a 3–5-year time horizon.

Private Equity 52

Private Equity Equities IT Investment 52

Global Banking & Finance

AUGUST 10, 2023

Intermedia’s owner explores sale of communications services firm -sources By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter.

Sale 98

Sale Private Equity Debt Equities 98

Chesapeake Corporate Advisors

MAY 24, 2024

trillion in growth and buyout private equity (PE) dry powder has fueled a competitive, but crowded, M&A market for high-quality middle market businesses, even amidst inflationary pressures and elevated interest rates. trillion in growth and buyout private equity dry powder , these investors stand ready to bridge the gap.

Middle Market 52

Middle Market Private Equity Equities Investment 52

Chesapeake Corporate Advisors

OCTOBER 22, 2024

If you go out to market, your most likely buyer will be a private equity (PE) group. For investors that plan to finance a portion of the deal with debt, a government contracting business with visible, low-risk revenue also paves an easier path to securing financing.

Private Equity 52

Private Equity Government Investors Equities 52

OfficeHours

JULY 4, 2023

Going to keep today rather simple — we want to celebrate and kick off the second half of the year with a simple offer for the first 10 people that take advantage of the below — PE Platform Access for $225 OFF = $74 out of pocket for lifetime access Our flagship program has placed mentees into most major private equity firms since launching in 2020.

Sale 130

Sale Private Equity Recruitment Equities 130

Wizenius

SEPTEMBER 28, 2024

Leverage Buyouts (LBO) are a strategic financial maneuver where a financial sponsor, typically a private equity firm, acquires a target company by utilizing a substantial amount of debt alongside a smaller portion of equity. In an LBO scenario, both debt and equity investors commit capital to the target company.

Debt 52

Debt Funds Private Equity IPO 52

PE Hub

JANUARY 24, 2024

BSP Debt Fund V will target private equity sponsored and non-sponsored middle-market companies in North America. The post Benefit Street Partners racks up $4.7bn for fifth direct lending fund appeared first on PE Hub.

Funds 73

Funds Middle Market Private Equity Debt 73

Beyond M&A

JUNE 8, 2023

As a tech due diligence company, we’ve witnessed the impact of long-term frantic rushing – considerable technical debt and shaky foundations. And the wrong people found that security hole, causing an issue for the private equity owner. It’s about ensuring the sustainability and reliability of those solutions.

Private Equity 130

Private Equity Management Equities Investment 130

Mergers and Inquisitions

JANUARY 24, 2024

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. minutiae about issues like OID for debt issuances ) and did not accurately represent a 1- or 2-hour case study. They over-complicated the financial model (e.g.,

Equities 105

Equities Valuation Financial Statement Financial Modeling 105

Francine Way

JULY 17, 2017

This current post about Leveraged Buy Out (LBO) is about a valuation method used by a very specific type of financial acquirer: private equity (PE) firms. Building a historical 3-statement model and a debt-interest schedule. Building the go-forward debt-interest schedule. Building a proforma balance sheet.

Valuation 130

Valuation M&A Debt Book-building 130

Focus Investment Banking

NOVEMBER 27, 2023

At this year’s West Coast M&A/Private Equity Forum, which took place on September 28th in East Palo Alto, those differences were on full display. In the 1980s, the caravan touted junk bonds; in the 1990s, dotcoms; in the 2000s, collateralized debt obligations; and more recently, crypto and cannabis.

Private Equity 52

Private Equity M&A Equities Mergers and Acquisitions 52