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RWI for Small Deals: A Strategic Shift in Product Design

JD Supra: Mergers

The underwriting process, cost structure, and diligence expectations have historically made it impractical for deals under $50 million. But as dealmakers increasingly look to scale through smaller acquisitions—especially in private equity—traditional RWI has struggled to keep pace. By: Woodruff Sawyer

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SPACs are Back (on the Table) at Goldman

Deal Lawyers

After being the second-largest underwriter of SPAC IPOs in 2021, the firm made the decision in 2022 not to work with SPACs anymore — through a self-imposed ban on underwriting SPAC IPOs or working on de-SPAC transactions — apparently deeming it too […] ICYMI, last week, Bloomberg reported that Goldman is back in the SPAC market.

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RWI: Not Just for Large Deals Anymore

Deal Lawyers

The diligence burden, underwriting timelines, and fee structures […] It seems the days of RWI being limited to deals of $50 million or more are over. This Woodruff Sawyer blog says that RWI providers are now offering products with features that make sense for smaller deals. Small deals have always faced a structural mismatch with RWI.

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MergersCorp Launches Specialized Advisory Service for FINMA-Regulated Divestitures in Switzerland

MergersCorp M&A International

M&A Sale of FINMA Securities House Activities: Facilitating complex sales of securities firms, addressing diverse and high-risk regulated activities, from securities trading to market-making and underwriting.

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Should You Monitor Your Customer Concentration?

Focus Investment Banking

Creditors, underwriters, buyers, and investors are keenly aware of this and routinely check these workflows carefully before making an investment decision, especially if the company in question expects to operate as a standalone entity. A large, steady revenue stream is a good thing, isnt it? In the short-term, almost always. Machining Co.,

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Mergers and Acquisitions Volumes Down 60%

Street of Walls

Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Thus far in 3Q12, equity underwriting volumes are averaging 12% below both the 2Q12 weekly average level and the 3Q11 average weekly level.

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Mergers and Acquisitions Volumes Down 60%

Street of Walls

Debt underwriting had its best week since May 2011 and equity underwriting also improved significantly while M&A activity was quite light Equity underwriting volumes of $17.2 Thus far in 3Q12, equity underwriting volumes are averaging 12% below both the 2Q12 weekly average level and the 3Q11 average weekly level.