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!” These are nice sales pitches, but the reality is quite different. Distressed investing offers equity-like returns with lower risk.”

Debt 103

Debt Funds Investment Equities 103

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

The New York Times: Mergers, Acquisitions and Dive

DECEMBER 12, 2024

The sale, to a group that includes the shows host, Sean Evans, and Soros Fund Management, will allow BuzzFeed to pay down tens of millions of dollars in debt.

Debt 124

Debt Funds Sale Management 124

The Guardian: Mergers & Acquisitions

SEPTEMBER 5, 2024

Online fashion retailer’s sale of 75% stake to Jack & Jones owner could bring store back to the high street Business live – latest updates Asos has sold a majority stake in Topshop for £135m in a deal that will help it repay debts and could see the brand return to the high street, as fashion retailers struggle after a soggy summer.

Debt 75

Debt Retail Business Sale 75

OfficeHours

JULY 4, 2023

The post 07-04-2023 Newsletter: July 4th PE Platform Sale! Getting someone to listen Read More Blogs Visit OfficeHours Blog and follow us on our social media accounts: Instagram , YouTube , TikTok , and Twitter for our latest updates. appeared first on OfficeHours.

Sale 130

Sale Private Equity Recruitment Equities 130

Global Banking & Finance

DECEMBER 3, 2024

billion more debt than regulators allowed. NEW YORK (Reuters) – Barclays agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7

Debt 52

Debt Sale Bank Banking 52

Global Newswire by Notified: M&A

JULY 29, 2024

Sales proceeds from each of these transactions will go toward reducing debt.

Debt 53

Debt Sale IT 53

Global Banking & Finance

FEBRUARY 5, 2024

Analysis-Emerging market debt sales hit January record despite elusive flows By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Sovereign debt sales from developing nations scaled an all-time record for January at $47 billion led by major and less risky emerging markets but a lack of investor flows into dedicated funds could curtail a nascent (..)

Debt 40

Debt Sale Funds Investors 40

The Guardian: Mergers & Acquisitions

OCTOBER 19, 2023

Deutsche Bahn offloads company to I Squared in deal worth £1.4bn, three years after putting it up for sale Germany’s terrible trains are no joke for a nation built on efficiency The London red bus operator Arriva has been snapped up by US infrastructure investor I Squared in a deal believed to be worth about €1.6bn (£1.4bn).

Private Equity 111

Private Equity Equities Debt Sale 111

Francine Way

JULY 17, 2017

Building a historical 3-statement model and a debt-interest schedule. Building the go-forward debt-interest schedule. Implied Equity Purchase Price = Transaction Value - Debt + Cash. For this table, recall that LBO transactions are heavily financed with debt (it can go up to 90% of the capital structure for some deals).

Valuation 130

Valuation M&A Debt Book-building 130

The New York Times: Banking

AUGUST 20, 2023

Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.

IT 96

IT Debt Sale Financial Institution 96

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

Midaxo

OCTOBER 12, 2023

Operational debt is as serious as tech debt. Additional Q&A with Mart Lumeste: Q: How Do You Uncover and Evaluate the Extent of Technical Debt? Organizations usually incur technical debt when the cost of adding additional features increases (e.g., Reducing the debt requires a plan and management buy-in.

Debt 147

Debt Architecture Business Mergers and Acquisitions 147

Peak Frameworks

MAY 2, 2024

Understanding the Basics of Credit Sales Credit sales are purchases in which the buyer delays providing the actual payment. Under a credit sale, the buyer agrees to pay the price of a good over a period of time.

Sale 52

Sale Accountant Financial Statement Business 52

The TRADE

JUNE 12, 2023

Fixed income investment banking boutique KNG Securities has appointed Fernando Ortega as its new head of emerging market sales. He joins KNG Securities from VTB Capital, where he served as global head of fixed income sales over the last 10 years. Prior to that, Ortega worked at Morgan Stanley as head of institutional and onshore sales.

Sale 64

Sale Securities Capital Investment Banking 64

Wizenius

APRIL 1, 2023

When companies need to raise capital, they have two primary options: Debt involves borrowing money, while equity involves issuing shares of ownership in the company. Let's take a look at examples of companies that raised capital through debt, and analyze the factors that influenced their decision.

Debt 52

Debt Equities S&P Shares 52

Francine Way

JULY 12, 2017

Calculate cost of debt, cost of equity, and weighted average cost of capital (WACC). An example of this would be to state COGS and SGA as percentages of Sales Revenues, or to state Depreciation Expense as a percent of Plant, Property, and Equipment (PPE). Build proforma income statement and balance sheet.

Discounted Cash Flow 130

Discounted Cash Flow Valuation M&A DCF 130

TechCrunch: M&A

JULY 27, 2023

Uplift had raised nearly $700 million in equity and debt, securing $123 million at a reported $195 million valuation in its Series C round alone. ” Laplanche is referring to the BNPL-style product that Upgrade launched in October 2021, which lets users pay down their debt over six to 36 months with a fixed interest rate.

Finance 243

Finance Finance IPO Debt 243

Francine Way

MAY 18, 2017

The concept can be extended to corporation: equity owners (shareholders) own the company alongside debt holders (banks). As we mentioned in the past, equity is the most expensive form of capital (compared to debt with tax-deductible interest). The acquisition will be 100% cash, paid for with debt at 4% interest rate.

M&A 130

M&A Equities Financial Statement Debt 130

IBG

SEPTEMBER 11, 2024

In most business sales, the purchase price is largely based on some multiple of the subject company’s net revenues and adjusted earning capacity. Strengthen your ratios: working capital, debt-to-equity, “quick,” price-to-earnings, return on equity, etc.

Sale 52

Sale Business Financial Statement Profitability 52

Focus Investment Banking

JANUARY 28, 2024

In the event of a sale, would it be you who is receiving liquidity—or are you the one providing it? The younger partners were presented with a dilemma: They could each increase their stakes in the business and collectively control it but would have to take on—and be personally liable for—the $25 million in debt. If so, congratulations.

Professional Services 52

Professional Services Sale Private Equity Debt 52

The Guardian: Mergers & Acquisitions

MARCH 15, 2024

Potential move by RedBird IMI follows UK government plan to ban foreign state ownership of newspapers The United Arab Emirates-backed consortium RedBird IMI is considering a sale of its stake in the Telegraph, after its attempt to take over the media group was effectively scuppered by UK government plans to ban foreign state ownership of newspapers.

Media 90

Media Government Debt Sale 90

Francine Way

JULY 10, 2017

The range of value: Typically depends on performance variables (sales, margins, and capital requirements). Do they have the cash of debt/equity capacity to bid aggressively? The market conditions The context of the transaction: Privately negotiated sale will have different mechanics than an auction.

Valuation 130

Valuation M&A Equities Shares 130

Focus Investment Banking

MARCH 10, 2025

Know the timeline After a sale, buyers often expect you to stay on for one to two years as an employee or consultant. Missing this detail could complicate or kill the deal, delay your plans, or reduce the sale price. Corporate structure Whether youre a C-Corp or S-Corp can affect taxes at sale. This derisks the org.

Investment 52

Investment Book-building Sale Business 52

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

How2Exit

MAY 2, 2023

The impact of higher interest rates is felt in the form of debt servicing ratios. This is the amount of debt that a business can take on in order to finance an acquisition. When interest rates increase, banks are less likely to provide financing as the debt servicing ratio becomes more difficult to meet.

Sale 130

Sale Business Book-building IT 130

Periculum Capital

JUNE 30, 2021

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Central States Enterprises, LLC’s (“CSE” “Company”) two grain terminal elevators to ADM (NYSE: ADM). The elevators are located in northeastern Indiana and consist of a combined licensed grain storage of 30 million bushels.

Sale 52

Sale Advisory Corporate Finance Middle Market 52

OfficeHours

JUNE 5, 2023

Balancing debt and equity components are crucial to minimizing the cost of capital while maintaining financial flexibility. In general, this focus on cash flow will enable timely debt servicing and can allow the acquired company to bounce back stronger than ever before being taken public or spun off to another private equity firm.

Private Equity 147

Private Equity Valuation Equities Debt 147

The New York Times: Banking

JANUARY 29, 2024

The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.

Sale 127

Sale Financial Institution Investment Banking Debt 127

Focus Investment Banking

SEPTEMBER 3, 2024

So to match the pace of automotive deals and because we find it more effective, we employ a two-stage sale process. A two-stage sale process involves first getting indications of interest (IOIs) from as many buyers as we can and then narrowing down that buyer pool by inviting the more serious ones to submit formal letters of intent (LOIs).

Sale 52

Sale Business Negotiation Valuation 52

Periculum Capital

JULY 15, 2022

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Central States Enterprises, LLC’s (“CSE” or “Company”) Feed and Bagging Operations located in Lake City, Florida (“Lake City”) to Furst-McNess Company. Periculum represented the Company in the sale of its grain operations to ADM in 2021.

Sale 52

Sale Advisory Corporate Finance Middle Market 52

RKJ Partners

AUGUST 6, 2017

Meanwhile, equipment financing allows a company to borrow against the equipment it purchases, such as computers, manufacturing equipment or other assets, and frees up the equity dollars that would have otherwise been spent to obtain such items for higher value add use, namely research and development or sales and marketing.

Debt 40

Debt Capital Raising Capital Equities 40

The Deal

JANUARY 25, 2024

billion in stock and assumed debt announced Monday, Jan. Vlahakos counseled the company on its sale of eight storage terminal locations to Sunoco for $250 million in 2021. Spottswood and V&E’s Matt Strock counseled Sunoco on the 2018 sale of 1,030 convenience stores to 7-Eleven for $3.3 Vlahakos, Angela T.

Sale 52

Sale Transportation Finance Finance 52

Sun Acquisitions

NOVEMBER 7, 2022

The long and short is yes, it’s possible, however, there’s a series of considerations from the Small Business Administration (SBA), the holder of your PPP loan debt that you need to comply with. You want to be free of this debt as soon as possible. For the sale to go through and ownership to change, you’ll need SBA approval.

Business 98

Business Mergers and Acquisitions Sale Debt 98

IBG

FEBRUARY 6, 2024

Helping the seller anticipate and negotiate issues that can cause deviations from the expected sale proceeds can add unexpected value to involving an experienced M&A intermediary. In a business sale, forewarned is forearmed. Payment of deal-related sales or transfer taxes can substantially impact deal value.

Sale 52

Sale Business Negotiation M&A 52

Global Newswire by Notified: M&A

AUGUST 18, 2023

(NYSE: GTLS) (“Chart”) announced that today it has closed its sale of the Roots™ business (“Roots”) to Ingersoll Rand Inc. The proceeds from the sale are being used for debt paydown. NYSE: IR) (“Ingersoll Rand”) for an all-cash purchase price of $300 million, representing an attractive low-teens adjusted EBITDA multiple.

Sale 40

Sale Business IT Debt 40

Lake Country Advisors

JUNE 20, 2024

In this regard, due diligence plays a crucial role in ensuring the sale goes smoothly by identifying potential risks, ensuring compliance with legal requirements, and uncovering any hidden issues that could impact the transaction. Understanding the Importance of Due Diligence Due diligence is a crucial step in the business sale process.

Sale 52

Sale Business IT Utilities 52