JD Supra: Mergers

DECEMBER 7, 2023

There is a wealth of dry powder to spend but 2023 has seen M&A deal activity hampered by rising costs of debt, unstable markets, supply chain issues, general political uncertainty, and fear of global recession. So, what does 2024 have in store for European M&A? By: Proskauer Rose LLP

M&A 171

M&A Debt 171

Francine Way

MAY 14, 2017

In the last two blog posts, we walked through capital structure and how it impacts M&A activities and vice versa. 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.

Debt 130

Debt M&A Trading Capital 130

JD Supra: Mergers

SEPTEMBER 19, 2024

Net Working Capital (“NWC”) targets and purchase price adjustments are a nearly universal reality in private M&A deals, though often a neglected and misunderstood topic. By: Whiteford

M&A 171

M&A Capital Debt Business 171

JD Supra: Mergers

NOVEMBER 1, 2024

In recent years, the landscape of mergers and acquisitions (M&A) financing in private equity (PE) has experienced significant changes. Rising costs of debt and fluctuating availability have compelled PE firms to reassess their financing strategies. By: Bennett Jones LLP

Private Equity 159

Private Equity Debt Finance Finance 159

JD Supra: Mergers

DECEMBER 8, 2023

At McGuireWoods’ 16th annual Healthcare Finance & Growth (HCFG) Conference, panels of healthcare-focused investors and lenders provided insights about the healthcare M&A and debt markets. By: McGuireWoods LLP

Healthcare 159

Healthcare M&A Debt Finance 159

JD Supra: Mergers

NOVEMBER 29, 2023

Whole-business securitization (WBS), a structured finance product where a company issues secured debt against substantially all of its cash-yielding assets, is now on the radar of dealmakers seeking ways to manage M&A financing costs or increase overall leverage. By: White & Case LLP

M&A 152

M&A Business Debt Finance 152

Beyond M&A

FEBRUARY 19, 2025

At Beyond M&A, we prefer to call it Pre-Emptive Due Diligence. 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. But I digress. But doing so defeats the purpose.

M&A 130

M&A Investors IT Debt 130

Francine Way

MAY 18, 2017

Before we move on to the buy-side and sell-side process of M&A next week, I’d like to wrap up this week by discussing the other capital structure component / tool: equity. The concept can be extended to corporation: equity owners (shareholders) own the company alongside debt holders (banks). However it is also the most flexible.

M&A 130

M&A Equities Financial Statement Debt 130

TechCrunch: M&A

OCTOBER 5, 2023

billion to acquire SP Plus, a provider of parking facility management services, in a combination of equity and debt. AI-powered parking platform Metropolis today announced that it raised $1.7

Debt 335

Debt Funds Capital Equities 335

Francine Way

JULY 17, 2017

Building a historical 3-statement model and a debt-interest schedule. Building the go-forward debt-interest schedule. Thus far, we have discussed three common valuation methods that most strategic and financial acquirers use when valuing a company for acquisitions or investments. Indeed, that is the scenario that I’m familiar with.

Valuation 130

Valuation M&A Debt Book-building 130

Francine Way

JULY 7, 2017

Thus far in the last 10 blog posts, we have discussed what M&A is, its success metrics, types of acquirers and value creations, capital structure, debt, and equity. In Blog #02 of the M&A series, we discussed SWOT analysis. and (4) support long-term business strategy. Management: How strong is target’s management?

M&A 130

M&A Acquisitions Consulting Capital 130

Francine Way

JULY 10, 2017

It is no different in M&A. The core element of M&A is company valuation. It is not an exaggeration to say that firm value is the most important characteristics in M&A. Do they have the cash of debt/equity capacity to bid aggressively? It drives prices, ROI, and financing.

Valuation 130

Valuation M&A Equities Shares 130

Francine Way

JULY 12, 2017

Calculate cost of debt, cost of equity, and weighted average cost of capital (WACC). For interest income and expense, I prefer to state them as percentages of the average debt balance of the last two years. Essentially, it is a way to value a company based on cash generated from operation, taking into account all major expenses.

Discounted Cash Flow 130

Discounted Cash Flow Valuation M&A DCF 130

Midaxo

APRIL 25, 2023

Introduction This article showcases how ChatGPT can serve as an effective M&A consultant by demonstrating how it can be used to help develop a best practices-based M&A playbook. An M&A playbook is a comprehensive framework that guides an organization’s M&A activities from start to finish.

M&A 130

M&A Consulting Mergers and Acquisitions Valuation 130

Francine Way

JULY 9, 2017

The comparisons can be based on several factors: Valuation: Total value, structure, contingencies, forms of payment (cash, buyer’s stocks, target’s stocks, seller’s notes, post-transaction debt, and more), and deferred payments (payments based on future performance) should be evaluated. The reason for this is time.

M&A 130

M&A Acquisitions Valuation Sale 130

JD Supra: Mergers

OCTOBER 2, 2024

Equity and debt cheques from financial sponsors fuel growth, with investment committee appetite across the full spectrum from Seed through to late stage / pre-IPO. Current market: M&A activity levels retain a monumental high. The payments sector bucks the trend on IPOs. By: White & Case LLP

IPO 165

IPO Debt M&A Equities 165

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

Debt 103

Debt Funds Investment Equities 103

TKO Miller

OCTOBER 3, 2023

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 Debt remains most available in the lower middle market sector. in 2021 to 3.5x

Debt Capital Markets 81

Debt Capital Markets Debt Capital Market Capital 81

Francine Way

JULY 13, 2017

Calculating cost of debt, cost of equity, and weighted average cost of capital (WACC). Enterprise Value = Market Capitalization + Total Debt - Total Cash. When one is buying or selling a house, condo, or other real estate property; often times, one would like to know the going price of similar nearby properties.

Valuation 130

Valuation M&A DCF Book-building 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 165

Management Private Equity Financial Services Debt 165

How2Exit

OCTOBER 8, 2023

Their team is experienced in M&A, and they hire the best talent available. rn Summary: Arthur Petropoulos, managing partner at Hill View Partners, shares his journey into the world of mergers and acquisitions (M&A) and discusses the services his firm provides. rn rn Quotes: rn rn "Our firm, we help companies sell themselves.

M&A 130

M&A Capital Securities Mergers and Acquisitions 130

Francine Way

JULY 11, 2017

Just as any home appraiser or credit officer does before going through the analytical exercise to produce a score for a home or a borrower, valuation professionals go through several steps of preparation before the actual exercise of producing a number that can be used as a value of a company.

Valuation 130

Valuation M&A DCF Financial Statement 130

How2Exit

SEPTEMBER 9, 2024

E242: The Art of the Deal: Steve Rooms' Masterful M&A Strategies, Unraveling the Secrets to Success - Watch Here About the Guest(s): Steve Rooms is a seasoned financial expert and serial entrepreneur with extensive experience as a Chief Financial Officer (CFO). Episode Summary: Welcome to the latest episode of the How2Exit podcast!

M&A 130

M&A Mergers and Acquisitions Financial Analysis Financial Statement 130

Francine Way

JULY 20, 2017

Thus far, we have covered four popular valuation methods in M&A (DCF, Comparable Company, Precedent Transaction, and LBO) and one less known one that is making its way out of the academic realm into the business world (Dividend Discount Method, DDM). The 1st one for today is the Tangible Book Value (TBV) method.

Valuation 130

Valuation M&A Business IT 130

Francine Way

JUNE 22, 2020

Many things have happened since then, including having 2 Corporate Development & Strategy jobs with a large, domestic conglomerate in Jacksonville, Florida and a smaller international technology company in Seattle, Washington. As a Corporate Development & Strategy personnel, my task was to answer these questions.

Valuation 130

Valuation M&A Mergers Mergers and Acquisitions 130

TechCrunch: M&A

SEPTEMBER 7, 2023

As companies look to stave off technical debt, a process of aging systems limiting a company’s ability to modernize, the first step is simply understanding the state of your architecture. SAP announced today that it is acquiring German startup LeanIX, a software service which helps companies map out their architecture.

Architecture 254

Architecture Debt IT Mergers and Acquisitions 254

Software Equity Group

JUNE 14, 2023

For that reason, it can pay to learn more about NWC, what it might or might not include, and how an M&A advisor can help you negotiate more favorable terms to maximize your proceeds. First, it’s important to understand that most M&A transactions are completed on a cash-free, debt-free (CFDF) basis.

M&A 93

M&A Capital Negotiation Accountant 93

Francine Way

JULY 19, 2017

In all of these discussions, we assumed a set of static values for our variables. In other words, we assumed that each variable can have only one value. Well, in the real world, there is no certainties in business. Grays exist more than black and white; multiple possibilities exist, leading to multiple outcomes.

Valuation 130

Valuation M&A DCF Stock 130

JD Supra: Mergers

DECEMBER 13, 2023

M&A, debt finance and investment fund actors seek alternative routes to dealmaking in the face of a dim macroeconomic outlook - The past two years have witnessed significant geopolitical fracturing and macroeconomic difficulties that continue to hamper certain dealmaking.

Debt 171

Debt M&A Finance Finance 171

Francine Way

JULY 14, 2017

Implied Transaction TEV = Implied Purchase Price + Debt + Preferred Stock + Minority Interest - Cash. As I mentioned in the last post , when one is buying or selling a house, condo, or other real estate property; often time, one would like to know the going price of similar nearby properties.

Valuation 130

Valuation M&A Shares DCF 130

TechCrunch: M&A

OCTOBER 10, 2023

Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, today announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.

Debt 280

Debt Equities Acquisitions Securities 280

Devensoft

JUNE 1, 2023

Chapter 1: A Modern Due Diligence Guide for Today’s Economy Merger and acquisition (M&A) due diligence is a crucial process for businesses looking to acquire or merge with another. According to a study by Deloitte, over 90% of M&A deals fail to achieve their objectives, often due to inadequate due diligence.

Economics 98

Economics M&A Management Financial Statement 98

Global Newswire by Notified: M&A

OCTOBER 28, 2024

Array acquired Payitoff, a pioneer in private-label, embedded debt guidance solutions for financial institutions, fintechs and brands.

Debt 81

Debt Financial Institution Management IT 81

How2Exit

MAY 15, 2023

Ron Concept 1: Why He Got Into Corporate Law Entering the corporate law field can be a daunting prospect, but it can also be incredibly rewarding. Matthew Sauer, co-founder and partner of Wolverine Co., a strategic legal advisory out of New York City, is a prime example of someone who has been successful in this field.

M&A 130

M&A Mergers and Acquisitions Private Equity Business 130

Synopsys: M&A

JANUARY 27, 2023

Understanding how software is developed and the areas impacted by technical debt can help lawyers and investors assess software risks during an M&A.

Debt 64

Debt M&A Investors Mergers and Acquisitions 64

TechCrunch: M&A

JULY 25, 2023

Indeed, iRobot has said that it is having to raise $200 million in debt to “fund its ongoing operations,” a debt that Amazon will take on when (or if) the deal finally closes — and that is why it has tabled a new lower bid for iRobot. While the U.K. While the U.K. In the U.S., In the U.S.,

Mergers and Acquisitions 242

Mergers and Acquisitions Debt Acquisitions Mergers 242

Sun Acquisitions

OCTOBER 21, 2024

In the dynamic world of mergers and acquisitions (M&A), financing plays a pivotal role in bringing deals to fruition. For mid-sized businesses eyeing growth opportunities through M&A, understanding the available financing options is essential for success.

M&A 59

M&A Finance Finance Business 59