A Sharper Focus: Exploring VC Side Letters
JD Supra: Mergers
JANUARY 22, 2025
By: Troutman Pepper Locke
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JD Supra: Mergers
JANUARY 22, 2025
By: Troutman Pepper Locke
The TRADE
JUNE 3, 2024
The new tool will facilitate the bilateral negotiation of blocks at mid prices in fixed income and equity index calendar rolls. The product will be available initially for UK and European fixed income and equity index futures, with plans for future expansion already in place.
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JD Supra: Mergers
APRIL 30, 2024
A common topic of negotiation in M&A transactions is how to treat performance-vesting equity awards for which the relevant performance period is not yet completed as of the closing of the deal.
OfficeHours
JUNE 6, 2023
Private equity is an investment asset class that has gained significant prominence and popularity in recent decades. However, private equity can seem complex and intimidating to beginners who are unfamiliar with its fundamentals. The Different Types of Private Equity Firms Private equity firms come in different sizes and strategies.
OfficeHours
JUNE 5, 2023
Private equity firms play a vital role in the broader investment landscape, and their success relies heavily on their ability to execute deals effectively. Deal execution encompasses various stages, from sourcing and due diligence to negotiation and closing.
OfficeHours
JUNE 5, 2023
Private equity consulting firms play a crucial role in the success of portfolio companies by providing specialized expertise and strategic guidance. Private equity consulting firms go beyond traditional advisory services by providing value-added services to their clients.
Francine Way
JULY 10, 2017
Any structural elements that affect the equity value: Typically includes differences between public vs. private valuations, minority vs. control premiums, insider ownership, sizeable equity offerings, etc. Do they have the cash of debt/equity capacity to bid aggressively? What will someone pay for the company?
OfficeHours
AUGUST 25, 2023
In recent years, private credit has emerged as an important financing source for corporations of all kinds, especially for private equity-owned businesses with high financial leverage. Under this structure, banks typically provide committed financing to buyers (in this case, often private equity firms).
OfficeHours
JULY 18, 2023
In the pursuit of attractive equity returns, private equity firms have developed numerous innovative strategies beyond typical leveraged buyouts and take-private transactions. As it happens, this is an industry that has experienced a significant amount of private equity-backed roll-up activity.
Growth Business
MAY 13, 2024
Drawing from decades of experience and my own trials and triumphs in the business world, I’ve outlined seven key strategies to help you prepare, execute, and ultimately succeed in selling your business to private equity. Remember, private equity firms invest in potential.
JD Supra: Mergers
MAY 22, 2024
Whether, as part of the management of your startup, you are tasked with driving an equity or debt financing to closing or with gearing up for an exit event, disclosure schedules will be one of the many documents that you will negotiate and deliver as part of your deal.
JD Supra: Mergers
DECEMBER 11, 2024
By: Mayer Brown
JD Supra: Mergers
JANUARY 2, 2024
9, 2023) - An Indiana corporation reorganized via bankruptcy into a Delaware LLC, and a senior note holder negotiated for nearly 90 percent of the equity. Washington Prime Group, LLC, C.A. 2022-0718-JTL (Del. The LLC agreement required that at least one member of the five-member board of managers be independent. By: Morris James LLP
Growth Business
OCTOBER 25, 2024
By Michael Goodwin on Growth Business - Your gateway to entrepreneurial success Many entrepreneurs’ burning question when considering investment for growth is how much equity to give away. Generally, the larger the company, the higher the multiple and valuation an investor would pay for an equity stake.
MergersCorp M&A International
MAY 3, 2024
We are pleased to confirm that negotiations with an American Private Equity Fund are underway regarding the potential sale of Foggia Calcio 1920. Further details will be provided as the negotiations progress. The owners of the club are in discussions with interested parties and are working towards a successful conclusion.
The New York Times: Mergers, Acquisitions and Dive
MAY 3, 2024
Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.
Mergers and Inquisitions
JANUARY 24, 2024
Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.” They over-complicated the financial model (e.g.,
The New York Times: Mergers, Acquisitions and Dive
MAY 5, 2024
After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.
Software Equity Group
SEPTEMBER 24, 2024
A term sheet is often used in the early stages of negotiating a venture capital investment or M&A transaction. Since SEG often helps facilitate term sheet discussions, we’ll also share some practical guidance on how to negotiate them and a term sheet template to show you what they look like. What is a Term Sheet?
The TRADE
SEPTEMBER 3, 2024
Appital has expanded its European equity coverage to more than 21,000 equities across 24 European countries with the addition of Virtu Financial’s POSIT MTF as a European execution venue. The post Appital expands European equity coverage through addition of Virtu Financial’s POSIT MTF appeared first on The TRADE.
How2Exit
APRIL 4, 2023
This is especially true for larger transactions, such as those involving private equity. Private equity firms get their money from investors, and when interest rates are high, they have to lower the multiple they pay in order to get the same return they did when interest rates were lower.
How2Exit
OCTOBER 14, 2024
Kip, an experienced M&A attorney, shares his expertise on how business owners can prepare their companies for acquisition by private equity firms and strategic buyers, ensuring they are poised for a successful exit. Buyers are doing all this due diligence, and it has an impact on how they negotiate indemnification."
Sun Acquisitions
FEBRUARY 1, 2024
Among these, three prominent options are seller financing, equity investment, and all-cash offers. Negotiable Terms: Buyers and sellers have greater flexibility to negotiate the loan terms, including interest rates, repayment schedules, and down payments. Here are the pros and cons of equity investment.
Growth Business
MARCH 1, 2024
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.
Francine Way
MAY 14, 2017
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. As we have discussed in past posts, debt is a cheaper source of capital when compared to equity.
Sun Acquisitions
SEPTEMBER 9, 2022
If it makes financial sense and you understand the dilution aspect of selling equity and the potential interference from investors, then yes, go ahead. In this post, we’re going to address what these are, some of the challenges to expect, how to sell the equity, and who to sell it to. Selling equity – the good, the bad, the ugly.
Shearman & Sterling
APRIL 16, 2019
On appeal, the Delaware Supreme Court reversed, finding that Earthstone initiated economic negotiations before the requisite MFW protections were put in place. As discussed in our prior post on the case, the Court of Chancery dismissed the case after concluding that the transaction was properly structured under Kahn v. 2d 635 (Del.
PE Hub
JANUARY 25, 2024
Based in West Palm Beach, Florida, Catera will continue to help lead the investment team and focus on structuring, negotiating and advising portfolio companies on debt and equity financings. The post Siris promotes Catera to partner appeared first on PE Hub.
Wizenius
JULY 2, 2023
In the world of finance, Private Equity (PE) stands as a strategic and dynamic investment approach that unlocks value in businesses. 1) First Stage - Acquire Private Equity firms embark on a meticulous search for investment opportunities, resembling detectives on a mission. 2) Grow The excitement amplifies in the growth phase.
OfficeHours
OCTOBER 20, 2023
For private equity investors who have been monitoring the situation around inflation for the last few months to a year, many have been disappointed to see the slow trajectory with which inflation has been coming down from highs. Explore the role of private equity now. Currently, inflation in the U.S.
Focus Investment Banking
FEBRUARY 4, 2025
Financial Buyers : These are typically investment companies, such as private equity firms, with no prior investment in your industry. Sometimes strategic buyers are backed by private equity, focusing on both organic growth and acquisitions. What are the key terms I should negotiate in a sale or investment deal?
The TRADE
JUNE 23, 2023
With respect to equity markets, AFME, EFAMA and BVI highlight that EU companies are continuing to take their initial public offerings (IPOs) outside of the EU or move their listings elsewhere to seek better valuations – emphasising that EU equity markets cannot continue to lag behind their peers.
Francine Way
MAY 16, 2017
Thus, a debt provider is more interested in the downside risks associated with a transaction (as opposed to the upside potential that an equity holder would be interested in). The lender can negotiate for a secured interest in specific corporate assets and then liquidate those assets for its payment.
Software Equity Group
MARCH 18, 2024
The journey can be arduous, from grappling with due diligence, negotiation intricacies, and legal hurdles to managing customer relationships concurrently, driving revenue growth, and fostering innovation. Understanding their preferences and priorities significantly contributes to our ability to negotiate successfully.
How2Exit
MARCH 24, 2023
Concept 3: Equity in Exchange For Value Equity in exchange for value is a concept that has become increasingly popular in recent years. For consultants, equity in exchange for value can be a great way to increase their income and build wealth. By using our skills and experience, we can help others and ourselves reach our goals.
Cleary M&A and Corporate Governance Watch
JUNE 5, 2023
9] Sellers claimed that this arrangement did not entitle Marquez to any equity interest in the subsidiary and instead provided Marquez with “something akin to a distribution right or contingent value right,” [10] whereas buyer claimed that this arrangement granted Marquez an equity interest in the relevant subsidiary. [11]
How2Exit
FEBRUARY 23, 2023
It is also important to be proactive and persistent in the negotiation process. Effective negotiation is an important skill for any entrepreneur and can be especially valuable in the process of acquiring a business. Negotiating with empathy is an important part of successful negotiation.
MergersCorp M&A International
NOVEMBER 16, 2024
With a deep understanding of the unique dynamics of the sports market, MergersCorp is well-equipped to guide the club through every phase of the sale process, from valuation and positioning to negotiations and finalizing the transaction.
Software Equity Group
JUNE 27, 2023
This concept is called rollover equity and is common for private equity transactions. What is Rollover Equity? 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. How Does Rollover Equity Work?
Focus Investment Banking
OCTOBER 2, 2023
The tire industry has experienced a surge in interest from private equity firms seeking to acquire tire dealerships. Several factors contribute to this phenomenon: Profit Potential: Private equity firms are attracted to the tire industry due to its resilience and steady profitability.
Sun Acquisitions
MARCH 6, 2024
Negotiating interest rates, equity stakes, and purchase prices is a delicate process that involves convincing the other party that your terms are reasonable and beneficial. Negotiating Interest Rates Interest rates play a pivotal role in the financing of a business acquisition.
OfficeHours
OCTOBER 16, 2023
For private equity investors, one of the most important considerations for a successful investment is determining the value the firm will receive at exit, which directly impacts fund returns. Private equity investors often have a 5 to 7-year investment horizon and expect a significant return at the end of this hold period.
Focus Investment Banking
JUNE 13, 2023
Compared to other medical fields like dentistry and dermatology, private equity involvement in orthopedic practices has been relatively small. Scale can also allow practices to negotiate better contracts with insurers and get better deals on supplies and equipment.
How2Exit
MAY 16, 2023
This strategy involves identifying potential acquirers, negotiating the deal, and closing the transaction. Concept 3: Retain Equity For Semi-Retirement Retaining equity for semi-retirement is a great way for entrepreneurs to transition out of their business while still maintaining some level of involvement and ownership.
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