The TRADE

OCTOBER 2, 2023

Groupama Asset Management is set to expand its use of Virtu’s Triton Valor EMS to another asset class, now encompassing fixed income trading. Our fixed income solution is differentiated by the close integration of Triton Valor’s EMS capabilities with Virtu’s advanced trading analytics–both pre-trade, post-trade, and real-time data handling.

Asset Management 59

Asset Management Trading Electronics Management 59

Sun Acquisitions

APRIL 26, 2024

Debt Financing: The Double-Edged Sword Debt financing is a standard route for companies pursuing M&A, offering the allure of leveraging existing assets to fund the transaction. High debt levels can burden the newly formed entity with interest payments, impacting its financial flexibility.

Mergers and Acquisitions 59

Mergers and Acquisitions Finance Finance Mergers 59

The M&A Lawyer

SEPTEMBER 23, 2015

Interestingly, while M&A lawyers often get fairly animated in negotiating whether to include the word “prospects” in the MAE definition, they do not similarly struggle with inclusion of the “could reasonably be expected to have” language, which should be viewed by a court as having the same effect.

M&A 130

M&A Mergers and Acquisitions Negotiation IT 130

Midaxo

APRIL 25, 2023

How to outline the process for negotiating deal terms and determining valuation? It provides a strategic roadmap for identifying, evaluating, negotiating, and integrating potential M&A transactions. How to develop an acquisition strategy? How to create a target identification process? How to develop an integration playbook?

M&A 130

M&A Consulting Mergers and Acquisitions Valuation 130

Cooley M&A

JULY 28, 2022

In the US, it is common to adjust the purchase price for cash, any excess or deficit of net working capital relative to a required level of net working capital, unpaid debt, and unpaid transaction expenses of the target business as of the closing, with an adjustment done at closing based on estimates and followed by a post-closing true-up.

M&A 59

M&A Debt Accountant Business 59

Growth Business

OCTOBER 25, 2024

In my experience, with eight years as a mid-market M&A advisor, SMEs traditionally trade for between four and seven times their profitability. To determine the value of the shares specifically, you need to adjust for the debt and cash in the business.

Equities 98

Equities Investment Private Equity Valuation 98

Sun Acquisitions

APRIL 17, 2024

You need to understand how much your company is worth, which is essential for setting realistic expectations and negotiating with potential buyers. Protect Intellectual Property Intellectual property, including patents, trademarks, copyrights, along with trade secrets, can be valuable assets in an M&A.

Mergers and Acquisitions 59

Mergers and Acquisitions Business Mergers Acquisitions 59

Sun Acquisitions

APRIL 10, 2024

You need to understand how much your company is worth, which is essential for setting realistic expectations and negotiating with potential buyers. Protect Intellectual Property Intellectual property, including patents, trademarks, copyrights, along with trade secrets, can be valuable assets in an M&A.

Mergers and Acquisitions 59

Mergers and Acquisitions Business Mergers Acquisitions 59

Sun Acquisitions

JULY 21, 2023

It also includes analyzing cash flow, debt obligations, and potential liabilities. It enables the acquirer to make informed decisions, negotiate better terms, and potentially avoid costly mistakes. It provides a solid negotiation foundation and ensures the transaction aligns with the acquirer’s strategic goals.

M&A 52

M&A Mergers and Acquisitions Negotiation Mergers 52

Sun Acquisitions

APRIL 24, 2024

You need to understand how much your company is worth, which is essential for setting realistic expectations and negotiating with potential buyers. Protect Intellectual Property Intellectual property, including patents, trademarks, copyrights, along with trade secrets, can be valuable assets in an M&A.

Mergers and Acquisitions 52

Mergers and Acquisitions Business Mergers Acquisitions 52

Wall Street Mojo

JANUARY 15, 2024

Example #2 A 2023 report by the Atlantic Council raise concerns about China’s manufacturing overcapacity, particularly in the green goods sector, posing a threat to global trade. Negotiating Power: Companies with excess capacity may negotiate better terms with suppliers, as they can choose from a broader range of partners.

Profitability 52

Profitability Utilities Economics Debt 52

Growth Business

OCTOBER 2, 2023

By Tim Bird on Growth Business - Your gateway to entrepreneurial success It was a buoyant 2018 for venture capital investment into UK and European companies – a trend which defied broader concerns about international trade tensions, economic growth prospects and, of course, Brexit.

Finance 52

Finance Finance Capital Funds 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. By selling a non-core asset at a higher multiple than the broader business would trade, the business can see equity value creation.

Sale 130

Sale Mergers and Acquisitions Business M&A 130

RKJ Partners

AUGUST 6, 2017

As a buy-side advisor, in addition to analytical support, the investment banker shields the buyer during the diligence and negotiation processes by working directly with seller to establish a framework and basis for assigning a value to the business. Essentially, comparable company analysis looks at the value of publicly traded companies.

M&A 40

M&A Valuation Mergers and Acquisitions Discounted Cash Flow 40

Francine Way

MAY 16, 2017

We have spent the last few posts looking at debt and it can be useful to a corporate borrower; as well as negative impacts debt can pose to the capital structure. There are many different kinds of debt providers: banks, bondholders, hedge funds, etc. Low debt level implies high WACC. High debt level implies lower WACC.

Debt 130

Debt M&A Equities Capital 130

Lake Country Advisors

AUGUST 6, 2024

By providing a solid basis for your asking price, it can streamline negotiations. Debt and Liabilities : Document any outstanding debts, loans, and liabilities. Professional Representation : Work with an experienced business broker who can effectively market your business and negotiate on your behalf.

Manufacturing 52

Manufacturing Business Valuation Sale 52

Software Equity Group

JULY 1, 2024

The reason for a QoE is to avoid said surprises and ensure proper representation of the company’s numbers, thereby also avoiding possible re-trades during exclusivity. It is advantageous for the seller to identify and negotiate any issues upfront, while multiple buyers are still in play and leverage is on the seller’s side.

M&A 52

M&A Accountant Financial Statement Business 52

Lake Country Advisors

AUGUST 28, 2024

An effective valuation sets realistic negotiation expectations and attracts qualified buyers. Equally critical is the evaluation of liabilities, including debts and loans, which profoundly affect your business’s market value. Particularly in manufacturing, significant investments in equipment and property are examined.

Business 52

Business Sale Valuation Manufacturing 52

Cooley M&A

JANUARY 25, 2023

Lastly, many public life sciences companies that had their market capitalizations fall in 2022 also found it more difficult or more expensive to secure debt financing as compared to a year or two ago, and many private life sciences companies saw that venture capital debt carried with it more dilutive terms in 2022.

M&A 40

M&A Mergers and Acquisitions Pharmaceutical Collaboration 40

Cooley M&A

OCTOBER 12, 2021

The court acknowledged that—on the surface—the special committee appeared to have fulfilled its duties, noting that the committee conducted a robust sales process, engaged with multiple bidders, resisted calls for exclusivity, pursued a go-shop and negotiated multiple price increases from Brookfield. Sales Process.

Sale 40

Sale Management IT Negotiation 40

Tyton Partners

JANUARY 12, 2024

6) A big year for federal oversight Mike Goldstein, Managing Director This year will see the implementation of a flurry of rules affecting the federal student aid programs intended “to hold colleges accountable and protect students from unaffordable college debt.” Significant

Education 59

Education Collaboration Mergers and Acquisitions Management 59

Growth Business

MARCH 1, 2024

Capital is available, valuations have started to normalise and the debt markets are still supportive – albeit with greater scrutiny and higher costs. While a trade sale was possible, we were keen to maintain and nurture the distinctive Innovate brand and positioning, which we felt still had huge potential.

Private Equity 59

Private Equity Equities Investment Business 59

Cooley M&A

JANUARY 25, 2024

The higher interest rates escalated borrowing expenses, making mega-deals (deals valued at $5 billion or more) significantly more expensive, due to their heavy reliance on debt financing, and impacted valuation multiples with higher discount rates. The aggressive rate hikes contributed to the decline in M&A activity in 2023.

M&A 52

M&A Mergers and Acquisitions Investment Government 52

Cooley M&A

JANUARY 25, 2023

While direct lenders have historically struggled to compete with the syndicated lending market on price and covenant packages, as the year progressed, sponsors increasingly spurned the syndicated lending market in favor of debt packages arranged solely by direct lenders.

M&A 52

M&A Mergers and Acquisitions Private Equity Mergers 52

Focus Investment Banking

APRIL 13, 2025

11 filing’s that membership revenue is “over two-thirds” of total revenue Total revenue is approximately $350 million based on 260 units Estimated to be approximately 11% of revenue; same % as Mister Car Wash If the estimated $146 million of EBITDA at peak is true, raising $650 million of debt doesnt seem off base.

Private Equity 52

Private Equity Debt Equities Profitability 52

Cooley M&A

MARCH 17, 2020

Some participants may be under the mistaken impression that a going-private transaction can be effected rather simply – using the company’s cash to do an issuer tender offer to reduce the number of stockholders below 300 holders, delisting from trading on Nasdaq or the NYSE, and ceasing public reporting requirements and market trading.

Negotiation 40

Negotiation M&A Insurance Stock 40

Mergers and Inquisitions

MAY 28, 2025

Its an expansive term that includes areas such as direct lending and mezzanine: [Credit: Marquette Associates ] This image doesnt include everything; areas like special situations debt (similar to distressed debt ) and private collateralized loan obligations (CLOs) should also be there. A: See our EBITDA to FCF tutorial.

Capital Market 59

Capital Market Corporation Capital Bank 59

Cooley M&A

FEBRUARY 3, 2025

With debt financing now readily available thanks to the active private credit and syndicated debt markets, for larger take-privates, the availability of equity financing was more likely to be a gating item in 2024, with sponsors often unwilling to write equity commitments for individual transactions larger than $2 billion.

M&A 59

M&A Mergers and Acquisitions Private Equity Acquisitions 59