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AI-powered parking platform Metropolis raises $1.7B to acquire SP Plus

TechCrunch: M&A

billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt. Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly […]

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M&A Blog #07 – debt (Part II – management considerations, debt alternatives, and acquisitions purse / war chest)

Francine Way

That debt should be used prudently, taking into account future financial shocks that require financing flexibility. We continue our debt discussion in this post by looking at management considerations on funding a M&A program. We will discuss the three most common one in this post: 1.

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

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 debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.

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Africa Needs Its Debts Paused So It Can Prepare for Climate Catastrophe

The New York Times: Banking

Instead of receiving funds to address the climate crisis, Africa is borrowing money at a cost up to eight times higher than the rich world to rebuild.

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M&A Blog #06 – debt (Part I – role and trade-offs, categories and key characteristics)

Francine Way

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.

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It’s OK to Have Amber Flags on Your Vendor Due Diligence Report

Beyond M&A

For example, spending a day with the CTO, reviewing their stories, challenges, and investment history, might reveal underlying team dynamics or a technical debt problem thats quietly driving attrition. Once a company secures funding or undergoes a buyout, team expansion is inevitable. But I digress.

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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?

The New York Times: Banking

The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.

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