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

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

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

JD Supra: Mergers

AUGUST 22, 2023

Acquisition agreements in M&A transactions frequently include provision for payment to be made at closing based on estimates of certain financial metrics that are later subject to a purchase price adjustment based on a final determination (referred to as a “true-up”) within a few months following closing.

Debt

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. By its simplest definition, NWC measures the short-term financial health of a business, or its ability to fulfill its near-term obligations.

M&A

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

The M&A Lawyer

SEPTEMBER 23, 2015

But what happens when they transpire during the gap period between signing and closing an M&A transaction? Some 95% of M&A deals include a MAC out. Material Adverse Effect Definition. Virtually all acquisition agreements include a formal definition of Material Adverse Effect in the Definitions section.

M&A

Global Newswire by Notified: M&A

FEBRUARY 29, 2024

29, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity, and verification solutions, announced today that it has entered into a definitive purchase agreement to acquire Sterling Check Corp. billion, including Sterling’s outstanding debt.

Stock

Solganick & Co.

DECEMBER 21, 2023

Two of the major data analytics software companies, Snowflake and Alteryx, announced M&A transactions during the week of December 18th. sees continued M&A demand for fast growing data analytics and AI software and IT services firms that provide automated applications and processes to the cloud. billion, including debt.

M&A

Cooley M&A

JULY 28, 2022

Purchase price adjustment mechanisms are common in private M&A transactions to determine the final price to be paid by the buyer. However, the manner in which the price adjustment is achieved varies by jurisdiction. What is a locked-box pricing mechanism? The box is therefore “locked.”

M&A

Sica Fletcher

JULY 23, 2024

In it, we provide readers with a quick and simple overview of the current insurance brokerage M&A market , after which we discuss several macroeconomic and industry-specific factors that could drastically affect transactions in the next six months. The market is already highly competitive, but it’s also limited to what buyers can afford.

Insurance

Sica Fletcher

JULY 1, 2020

Deals with debt multiples higher than 6X EBITDA rose to greater than 75% of the total, again the highest in history, and in dramatic contrast to the years following the 2008 financial crisis, when the number gradually increased from nearly zero to about 60% by 2017. The question is, “Why?”. After all, our world has changed substantially.

Private Equity

Global Newswire by Notified: M&A

AUGUST 10, 2023

NASDAQ: CHKP), a leading provider of cyber security solutions globally, signs a definitive agreement to acquire Perimeter 81, a pioneering Security Service Edge (SSE) company. Under the terms of the agreement, Check Point will acquire Perimeter 81 for approximately $490 million, on a cash free, debt free basis. SAN CARLOS, Calif.,

Securities

OfficeHours

JUNE 6, 2023

Seek staffing that is related to M&A deals that employ intense financial analysis and due diligence. If your bank has weak M&A deal flow or you have not gotten the proper staffing for private equity, you may want to consider adding a third year of investment banking to better prepare yourself.

Private Equity

Global Newswire by Notified: M&A

FEBRUARY 6, 2024

The terms of the agreement are set out in a term sheet signed by both of the parties, and it is anticipated that a definitive agreement regarding the transaction will be negotiated and entered into in due course. TORONTO, Feb. As described in greater detail below, ABR is a related party of the Company.

Debt

Cooley M&A

DECEMBER 15, 2020

In the months following the onset of the COVID-19 pandemic, a slew of parties filed lawsuits in US courts relating to M&A transactions that were signed prior to March 2020 and that buyers were seeking to terminate as a result of the pandemic. billion, a portion of which was to be funded with third-party debt.

M&A

Global Newswire by Notified: M&A

FEBRUARY 12, 2024

Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P.

Debt

Cooley M&A

MAY 21, 2021

In reaching this order, the court applied the prevention doctrine, finding that the unavailability of buyer’s debt financing did not permit buyer to circumvent its obligation to close because buyer materially contributed to the debt financing being unavailable. Transaction Background: Not Selling Like Hotcakes.

M&A

Mergers and Inquisitions

NOVEMBER 22, 2023

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

Bulge Bracket

Global Newswire by Notified: M&A

NOVEMBER 12, 2024

(NYSE AMERICAN: AE) (“Adams” or the “Company”) announced today that it has entered into a definitive agreement to be acquired by an affiliate of Tres Energy LLC (“Buyer”) in an all-cash transaction that values the Company at a total enterprise value (including bank debt and financial leases) of approximately $138.9 million.

Debt

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. It can serve as an initial expression of interest or a more definitive declaration of intent, but either way, it lays a foundation for the potential deal. What is a Term Sheet? What Does a Term Sheet Look Like?

Negotiation

Mergers and Inquisitions

MAY 29, 2024

Project Finance Definition: “Project Finance” refers to acquisitions, debt/equity financings, and new developments of capital-intensive infrastructure assets that provide essential utilities and services. However, many people also use the term more broadly to refer to equity, debt, and advisory for infrastructure assets.

Corporate Finance

Global Newswire by Notified: M&A

JANUARY 4, 2024

04, 2024 (GLOBE NEWSWIRE) -- APA Corporation (“APA” or the “Company”) (NASDAQ: APA) and Callon Petroleum Company (“Callon”) (NYSE: CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion, inclusive of Callon’s net debt. HOUSTON, Jan.

Corporation

Global Newswire by Notified: M&A

NOVEMBER 20, 2024

(TSXV: AIV.P) (“ Apolo ”) and Marviken Ontario Inc. (“ Marviken ”) in cooperation with BotOptions (UK) PLC, a financial institution specialising in the issuing of debt instruments, are pleased to announce that, further to its news release dated October 22, 2024, it has entered into a definitive merger agreement dated November 19, 2024 (the “ Merger (..)

Mergers and Acquisitions

Global Newswire by Notified: M&A

JULY 17, 2024

(“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with Mill Point Capital LLC, a leading private equity firm, to divest FEMSA’s refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis.

Capital

Global Newswire by Notified: M&A

AUGUST 14, 2023

(NYSE and Mexico: TS and EXM Italy: TEN) announced today that it has entered into a definitive agreement to acquire from Mattr (MATR.TO) 100% of the shares of its subsidiary Bredero Shaw International BV, which holds Mattr’s pipe coating business, for US$ 166 million (including working capital), on a cash-free, debt-free basis, subject to customary (..)

Business

The TRADE

JULY 7, 2023

Generali has entered a definitive agreement to acquire US-based Conning from Cathay Life in a deal that will see it become one of the largest asset management firms in Europe. The deal joins a growing list of buy- and sell-side M&A deals announced this year.

Asset Management

Sica Fletcher

MARCH 8, 2024

The inherent uncertainty of the M&A market over the last 18 months has underscored the importance of context for supplementing a full understanding before we can gain a better sense of what to expect in 2024. So, how did we get here? What Is Affecting Insurance Agency EBITDA Multiples?

Insurance

Mergers and Inquisitions

JULY 31, 2024

In the early days of institutional private equity, many industrial companies were perceived to be stable, cash-flow-generation machines with significant hard assets that could be used as collateral for debt. If you ever tire of the hype around tech, industrials private equity might be an ideal hiding spot.

Private Equity

Global Newswire by Notified: M&A

JANUARY 15, 2025

per share, and assume approximately $133 million in net debt ( 2 ). HOUSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. Under the terms of the Merger Agreement, Amplify will issue Juniper approximately 26.7 million shares of Amplify common stock ( 1) , par value $0.01

Portfolio

M&A Leadership Council

AUGUST 7, 2024

The Art of M&A® / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS ® credential.

IT

M&A Leadership Council

AUGUST 30, 2021

Mark Herndon, Chairman of the M&A Leadership Council shares part two of this series covering key requirements in supporting the buyer post-close and optimizing the Seller’s remaining business for maximum value when divesting a business. TSAs, by definition, are complex. Nobody Wins a TSA War.

M&A

The TRADE

AUGUST 31, 2023

Tradeweb entered into a definitive agreement to acquire Australia-based Yieldbroker in an all-cash transaction in May. Annually, it facilitates the trading of approximately A$6 trillion for its domestic customers in Australian and New Zealand debt securities.

Acquisitions

Mergers and Inquisitions

JULY 5, 2023

Investment Banking League Tables Definition: IB league tables “rank” banks over specific periods based on their involvement in a certain industry, region, or deal type, such as M&A transactions or equity offerings. Here are a few examples, which took approximately 1.6 50 billion in total announced deals), deal count (e.g.,

Investment Banking

Mergers and Inquisitions

MAY 24, 2023

But, as usual, I want to start with the definitions and fund types: What is an “Event-Driven Hedge Fund”? Distressed / Restructuring – These funds invest in the debt or equity of distressed companies or ones entering the bankruptcy process. By contrast, an event-driven fund would never bet on such a situation.

Funds

Lake Country Advisors

NOVEMBER 20, 2023

Mergers and acquisitions (M&A) are key strategies in today’s business landscape, often dictating a company’s success and market position. Understanding the nuances, benefits, and risks of M&A is crucial for anyone looking to navigate the complexities of modern business. What is a Merger? What is an Acquisition?

Mergers and Acquisitions

M&A Leadership Council

JUNE 14, 2023

The Art of M&A / Due Diligence An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist, or CMAS™ credential.

IT