OfficeHours

AUGUST 7, 2023

Start with assumptions towards the top, followed by sources and uses, the income statement, cash flow build, debt schedule, and finally returns. Remember that a sellside’s projections will almost always be more aggressive than a PE firm will underwrite, so you’ll want to haircut them significantly.

Investment 130

Investment Business Underwriting IT 130

InvestmentBank.com

MAY 26, 2021

As the world headed into the uncharted territory of a worldwide pandemic, investors in both debt and equity markets reacted to shifts and changing conditions in several interesting ways, and the lessons they learned and the actions they take this year will set the stage for everyone’s access to capital in the years to come.

Capital Raising 52

Capital Raising Capital Debt Private Equity 52

Cooley M&A

MARCH 1, 2019

Even for a thriving business with a viable equity story, committed stakeholders and the right advisers, the final deal terms and valuation are typically guided by factors beyond a company’s control. 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

How2Exit

AUGUST 8, 2023

The funds generated from the sale can be used to finance the M&A transaction, invest in growth opportunities, or pay down debt. rn One of the reasons why sale-leasebacks can result in a higher valuation is the creditworthiness of the operating business. rn Sale-leasebacks also provide businesses with improved financial flexibility.

Sale 130

Sale Mergers and Acquisitions Business M&A 130