Benzinga

JULY 26, 2023

Here's what the street has to say about the transformational bank merger. PacWest's tangible book value had been improving since widespread banking issues rocked the industry earlier this year. The question is whether shareholders will approve the deal given the apparent valuation discount the bank accepted, he said.

Banking 52

Banking Price to Earnings Book Value Marketability 52

A Neumann & Associates

OCTOBER 6, 2022

The Mercer Capital study was done on banks, particularly small private banks, because it’s one of the few industries that has both enough available financial information about the banks themselves as well as about the transaction prices – the prices for which the banks were sold. Wilson, Jr.,

Banking 52

Banking Price to Earnings Business Valuation Marketability 52

Andrew Stolz

APRIL 3, 2020

The concept of an LBO transaction is simple – private equity buys a company, fixes it up, repays its debt and then sells the company for a higher price to earn the profit. Senior Bank Debt / EBITDA 3.0x. Senior term bank debt. Mezzanine debt. Seller notes.

Private Equity Firm 52

Private Equity Firm EBITDA Equity Finance 52

Equilest

MARCH 17, 2022

This multiple is similar, by analogy, to the PER (Price to Earnings Ratio of listed companies). An example, however, makes it more transparent: Example: let's take a company without financial debts or cash, that is to say, without a loan or bank overdraft or a surplus bank account: it does not pay financial expenses.

Business Valuation 40

Business Valuation EBIT EBITDA Discounted Cash Flow 40

Musings on Markets

JULY 1, 2022

The 2008 banking and market crisis caused a drop of almost 50% in 2009, and it took the market almost five years to return to pre-crisis levels. Not only has the implied ERP surged to 6.43% on June 23, 2022, from 4.24% on January 1, 2022, but stocks are now being priced to earn 9.45% annually, up from the 5.75% at the start of the year.

Marketability 88

Marketability Risk Premium Start-ups Equity 88

Class VI Partner

JULY 28, 2021

Lehman Formula Lehman Formula refers to the formula (originally established by Lehman Brothers) that determines the commission to be earned by an investment bank, mergers and acquisitions advisor, business broker, or other transaction intermediary as a result of procuring a buyer for a seller’s business.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Reynolds Holding

JANUARY 22, 2024

26] Entrepreneurs of color may not have adequate access to traditional financial systems, including bank loans, and they may not benefit from an existing network of accredited investors. [27] Black and Hispanic investors qualify as accredited investors at a lower rate than White and Asian American investors. [24]

Start-ups 45

Start-ups Marketability Price to Earnings Finance 45