RKJ Partners

AUGUST 6, 2017

Capital is generally grouped into three main classifications: Senior Debt, Mezzanine Capital and Equity Capital. Most entrepreneurs are very familiar with senior debt offered by traditional banks. Senior debt is first in seniority and is often secured by collateral in the form of a lien.

Debt 40

Debt Capital Raising Capital Equities 40

The M&A Lawyer

SEPTEMBER 23, 2015

” Thus, the MAE qualification renders some adverse events irrelevant and non-actionable under the agreement. In both contexts, however, the seller will want to minimize the likelihood of occurrence of an MAE by narrowing which events and circumstances will satisfy the definition, and the buyer will seek to achieve the opposite.

M&A 130

M&A Mergers and Acquisitions Negotiation IT 130

Cooley M&A

SEPTEMBER 25, 2020

The decisions from the court on those preliminary matters, as well as the arguments raised by legal counsel, offer some valuable lessons for sellers considering sale transactions that require debt financing, and may motivate sellers to re-evaluate certain provisions and remedies that have become customary in those transactions.

Debt 40

Debt Finance Finance Private Equity 40

Shearman & Sterling

MAY 11, 2021

McCormick of the Delaware Court of Chancery granted sellers specific performance in a breach of contract action against buyers KCAKE and Kohlberg Funds, arising out of the sale of DecoPac Holdings Inc. ("DecoPac"). Snow Phipps Group, LLC., KCake Acquisition, Inc., 2020-0282-KSJM (Del.

Business 52

Business Debt Finance Finance 52

The TRADE

OCTOBER 13, 2023

Overall, banking increased 17% – largely driven by this impressive performance in investment banking as well as “bolstered by a rebound in debt issuance and some signs of life in the equity capital markets”. Throughout Q3 Citi has had some significant changes to its personnel.

Equities 59

Equities Investment Banking Trading Bank 59

Software Equity Group

MAY 28, 2024

Founder Tips for Selling Your SaaS Company Within One Year By now, you have improved all the metrics, tech-debt, and related things that you can do (won’t be everything)! Before preparing your company for a potential sale , you must be emotionally, strategically, tactically, and physically ready. Timing is also essential.

Sale 52

Sale Private Equity Valuation M&A 52

IBG

JANUARY 31, 2023

If you have been through a business purchase or sale, you have likely experienced the unique tension and strife common to that phase of the deal known as “due diligence.” While it takes work, due diligence helps squeeze risk out of a sale, protecting the buyer and the seller. The benefits to the seller may not end there, Frye noted.

Sale 52

Sale Business M&A Mergers and Acquisitions 52

Shearman & Sterling

MAY 11, 2021

McCormick of the Delaware Court of Chancery granted sellers specific performance in a breach of contract action against buyers KCAKE and Kohlberg Funds, arising out of the sale of DecoPac Holdings Inc. ("DecoPac"). Snow Phipps Group, LLC., KCake Acquisition, Inc., 2020-0282-KSJM (Del.

Business 40

Business Debt Finance Finance 40

Wizenius

MAY 4, 2023

the order in which investors get paid in the event of a sale or liquidation) Anti-dilution provisions to protect the investors' equity stake The terms for conversion of preferred stock into common stock Any management or governance changes required by the VC firm 2.

Investment Banking 52

Investment Banking Investment Bank Banking 52

Mergers and Inquisitions

JANUARY 22, 2025

The difference is that IB is more of an explicit sales job , as deals must close for the bank to earn fees. In equity research, the goal is to get clients to pay for the teams research consistently , but revenue does not depend on deals or other specific events. Investment Banking: Which Ones Right for You?

Investment Banking 64

Investment Banking Equities Bank Banking 64

The Deal

JUNE 23, 2023

The recent purchase of Riverbed Technology LLC reflects a burgeoning niche for middle-market technology turnaround investor Vector Capital Management LP: buying companies from lenders who converted debt to equity through reorganizations. reported that Riverbed’s sales came to about $535 million for the 12 months ended Sept.

Debt 52

Debt Middle Market Capital Profitability 52

How2Exit

JULY 3, 2023

In the podcast, Kirk Michie mentions that his primary goal is to help clients get to the right investment banker and M&A attorney, as well as prepare them for maximizing their deal's potential sales price and protecting against potential pitfalls. The speakers also touch upon the perspective of the buyer in a sale transaction.

Mergers and Acquisitions 130

Mergers and Acquisitions Business Negotiation Private Equity 130

Peak Frameworks

SEPTEMBER 19, 2023

A classic example of T-Bills in action occurred during the European Sovereign Debt Crisis. Investors, wary of the uncertainties in European debt markets, turned to U.S. Debt Ceiling Crisis , T-Bills experienced an unusual yield spike as investors momentarily questioned U.S. Represented by the full faith and credit of the U.S.

IT 52

IT Government Investors Economics 52

Peak Frameworks

SEPTEMBER 11, 2023

The proceeds from these sales are then used by Company B to issue securities that are sold to investors. In the event of the parent company's bankruptcy, the SPV remains solvent, and its obligations are not affected. For instance, a company laden with debt could transfer some of it to an SPV, thereby reducing its debt-to-equity ratio.

IT 52

IT Debt Private Equity Investors 52

How2Exit

JULY 13, 2023

They stress that owning a business should not mean sacrificing time with family and missing out on important events. The guests then discuss the idea of a fast action team that can step in and run a company in the event of an emergency or transition period.

Business 130

Business Collaboration Mergers and Acquisitions Valuation 130

Cooley M&A

MAY 21, 2021

In reaching this order, the court applied the prevention doctrine, finding that the unavailability of buyer’s debt financing did not permit buyer to circumvent its obligation to close because buyer materially contributed to the debt financing being unavailable. All of those demands were rejected by the lenders.

M&A 40

M&A Debt Private Equity Finance 40

Software Equity Group

AUGUST 24, 2023

Recapitalization is a process of restructuring a company’s debt and equity mix, also known as its capital structure. Selling a portion of the business also means giving up some control and share in future liquidity events, however. In the software industry, debt recapitalization can be a particularly useful tool.

Debt 52

Debt Equities M&A Investors 52

Mergers and Inquisitions

MARCH 13, 2023

Remember that, normally, a bank issues loans and then finds the liabilities (deposits, debt, etc.) Immediately after this sale, the bank also announced plans to raise additional equity and convertible preferred stock. to back them. But commercial banking is a different story.

Bank 123

Bank Banking Funds Government 123

Mergers and Inquisitions

NOVEMBER 22, 2023

But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

Bulge Bracket 105

Bulge Bracket Bank Banking Boutique 105

Lake Country Advisors

AUGUST 28, 2024

From assessing its value to transitioning ownership, understanding the nuances of your industry is crucial for a successful sale. Assessing the Value of Your Small Business The accuracy of your business’s valuation is essential for a successful sale. Here’s a comprehensive guide to help you navigate selling your business.

Business 52

Business Sale Valuation Manufacturing 52

Software Equity Group

JUNE 27, 2023

The offer of ongoing ownership is known as “rollover equity” because the seller chooses to roll a portion of the sale proceeds back into the company’s new ownership structure. You would make $95M after paying off the company’s debt and transaction expenses. What is Rollover Equity? Ongoing financial benefits.

Equities 52

Equities IT Private Equity M&A 52

Chesapeake Corporate Advisors

MAY 24, 2024

Additionally, at the exit of the investment period, the value of retained ownership increases with debt repayments and equity appreciation resulting from both organic and inorganic growth, making liquidity generated at exit typically more meaningful than the initial sale – an event often referred to as “the second bite of the apple.”

Middle Market 52

Middle Market Private Equity Equities Investment 52

Sica Fletcher

JULY 1, 2020

Deals with debt multiples higher than 6X EBITDA rose to greater than 75% of the total, again the highest in history, and in dramatic contrast to the years following the 2008 financial crisis, when the number gradually increased from nearly zero to about 60% by 2017. Over 70 PE firms involved themselves in our sales processes.

Private Equity 52

Private Equity Insurance Debt Equities 52

IBG

AUGUST 21, 2023

One of the roadblocks that commonly arise in structuring a business sale stems from differing viewpoints of value. If the sale occurs in a high-interest-rate environment, an earnout can help narrow the gap created by debt coverage. Most sellers see maximum profit potential, while most buyers see risk and past earnings.

Negotiation 52

Negotiation Profitability Business Sale 52

Peak Frameworks

OCTOBER 17, 2023

Commercial paper is a form of unsecured short-term debt. Because of its short duration, commercial paper allows issuers to manage immediate liquidity needs without locking into long-term debt. For instance, a company might issue commercial paper to finance inventory ahead of a peak selling season, repaying it once sales are realized.

Finance 52

Finance Finance Debt Funds 52

Focus Investment Banking

OCTOBER 30, 2023

While overall M&A activity among tire retailers, wholesalers and commercial tire dealerships remains active but noticeably slower, it’s harder for wholesalers and commercial tire dealerships to have a sale event as compared with retailers. The debt in an ESOP is very, very difficult to restructure,” says Beard. “In

Debt 52

Debt Retail Business Private Equity 52

Devensoft

JUNE 1, 2023

Debt and liabilities: assess the company’s debt levels and liabilities to determine whether it can manage its obligations during economic uncertainty. What is the target company’s current debt position, and what is their plan for managing any potential financial risks that may arise due to the economic uncertainty?

Economics 98

Economics M&A Management Financial Statement 98

How2Exit

APRIL 9, 2023

Michael and his wife have achieved success without taking on any investors or business agents, and without any debt in their balance sheets. The team has also professionalized the sites they acquire by using better SEO tactics, better content strategies, and optimizing the sales processes. billion monthly users.

M&A 130

M&A Media Mergers and Acquisitions Business 130

Mergers and Inquisitions

JANUARY 24, 2024

minutiae about issues like OID for debt issuances ) and did not accurately represent a 1- or 2-hour case study. Procyon is spending aggressively on sales & marketing, resulting in negative Net Income, a declining Shareholders’ Equity, and a negative Cash position. They over-complicated the financial model (e.g.,

Equities 105

Equities Valuation Financial Statement Financial Modeling 105

Mergers and Inquisitions

MAY 15, 2024

If you Google this topic and look at the results, you’ll find articles and discussions about LBO models and points like the returns attribution analysis : This type of “value creation” measures the returns sources in a buyout deal: Debt paydown vs. multiple expansion vs. EBITDA growth. Why is PE Value Creation Suddenly “Hot”?

Private Equity 105

Private Equity Equities Consulting Recruitment 105

Wall Street Mojo

JANUARY 17, 2024

For example, a highly aggressive monetary policy, external shocks, and substantial debt. On account of implementation, response, and recognition lags with regard to macroeconomic policy , such events can lead to a recession so quickly that policymakers would not be able to set up an effective defense.

Economics 52

Economics Bank Banking Debt 52

Software Equity Group

MAY 28, 2024

Founder Tips for Selling Your SaaS Company Within One Year By now, you have improved all the metrics, tech-debt, and related things that you can do (won’t be everything)! Before preparing your company for a potential sale , you must be emotionally, strategically, tactically, and physically ready. Timing is also essential.

M&A 52

M&A Private Equity Valuation Equities 52

Midaxo

APRIL 25, 2023

Professional networks and industry events: Leverage your professional networks and attend industry events to gather insights and identify potential targets. Identify integration workstreams : Break down the integration process into distinct workstreams, such as finance, operations, HR, IT, and sales and marketing.

M&A 130

M&A Consulting Mergers and Acquisitions Valuation 130

M&A Leadership Council

AUGUST 30, 2021

Last week in our first installment titled “ Separation for Success – Divesting for Maximum Value ,” we covered how to master the divestiture process by upgrading your pre-sale planning approach and the importance of playing both “offense and defense” in when preparing a business to be divested. Determine the Day-1 operating model.

M&A 52

M&A Sale Business Mergers and Acquisitions 52

Cooley M&A

MARCH 1, 2019

A private sale can be structured to achieve a complete exit for existing equity holders, with possible deferred consideration, earn-outs and escrows. Stock market forces also make the timing of an eventual outright exit and the final blended valuation of equity sales over time uncertain.

IPO 52

IPO Valuation M&A Business 52

Mergers and Inquisitions

APRIL 12, 2023

In regions like London and Hong Kong , ACs are used for investment banking , sales & trading , and other areas at banks and consulting firms. Social/Networking: Finally, there may be a networking panel or “social event,” such as a group lunch, which will take another 30 – 60 minutes. How much would it be worth? Why or why not?

Investment Banking 64

Investment Banking Bank Banking Investment 64

Razorpay

SEPTEMBER 3, 2024

Finance and Banking Debt Collection IVR systems can be used to automate debt collection processes, sending reminders and facilitating payment arrangements. Event Management Ticket Sales IVR can be used to sell tickets for events, providing a convenient and accessible option for customers.

Securities 52

Securities Accountant Medical Management 52