GCF Value

AUGUST 8, 2023

If you are pursuing SBA-backed financing, a specific set of valuation guidelines will apply to meet the SBA’s standard operating procedures. Gift and estate tax returns that include a well-supported and documented valuation will help defend the value of the business to taxing authorities.

Business Valuation 52

Business Valuation Appraisal Capital Structure Specific Risk 52

Brian DeChesare

JULY 27, 2022

Structured Credit – Now you’re buying or selling pools of similar debt obligations rather than single securities or derivatives. See the Structured Finance article for more; subcategories include mortgage-backed securities (MBS), asset-backed loans (ABL), and collateralized loan obligations (CLO). See the example above.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Reynolds Holding

AUGUST 22, 2022

Restructuring is a complex and multi-dimensional process that involves a range of actions affecting operations, capital structure, and governance. I validate my primary findings by documenting that recovered zombie firms improve their operating efficiency and restore profitability compared with non-recovered zombie firms.

Banking 45

Banking Finance Capital Structure Marketability 45

Reynolds Holding

FEBRUARY 13, 2025

24] One response to this situation seems to be the middle path of cov-loose [25] agreements, which are neither cov-free nor cov-lite and retain a leverage covenant in the documentation while offering sponsors flexibility. [26] 28] The unitranche structure entails higher risk but also features a higher yield than traditional senior financings.

Banking 45

Banking Finance Marketability Equity 45

Cooley M&A

SEPTEMBER 16, 2024

Successful mergers of equals transactions prove the age-old saying that the whole is greater than the sum of its parts by providing the go-forward company with new access to financing and the opportunity to diversify revenue, build to scale and/or streamline operations.

Equity 52

Equity Finance Capital Structure Equity Financing 52

Reynolds Holding

SEPTEMBER 11, 2024

9] The influence of political connections has been documented in a large sample of regulatory enforcement actions, see Yue, et al. 10] Further, Lambert (2019) documents that regulators are nearly 44 percent less likely to initiate enforcement actions against banks with lobbying activities. [11] 19] Similarly, Berger, et al.

Banking 45

Banking Marketability Capital Structure Finance 45

Shephard Mullin M&A

APRIL 21, 2020

The transaction documents tend to include many of the same deal concepts, and the acquisitions are generally subject to the same array of third-party consents that tend to be at issue in connection with the purchase of a stable company. Key Considerations Related to Distressed Sales Out-of-Court.

Capital Structure 52

Capital Structure Equity Banking Finance 52

Brian DeChesare

MAY 24, 2023

“Event-driven hedge funds” is one of the more confusing labels in finance. Capital Structure Trades – Or you could focus on Jacobs’ ~$4 billion in debt and long or short some of their bonds (or use credit default swaps) if you believe its credit rating will change once the deal takes place.

Equity 64

Equity Start-ups EBITDA Banking 64

Reynolds Holding

APRIL 28, 2022

24] When PIPE investors step-in to replace the financing that exits when there are high-redemptions – how does that shape the negotiations, and to what extent are remaining investors harmed by dilution because PIPE investors demand better terms? We found that the problem he documented years ago has, if anything, gotten worse.As

Marketability 56

Marketability Equity Alpha Capital Structure 56

Cooley M&A

OCTOBER 12, 2021

In February 2019, Empire engaged Moelis to advise on capital structure issues and long-term debt. On August 14, 2019, the chairman of the board (who was affiliated with the controlling stockholder) learned of a third party’s interest in providing financing to Empire, which could enable it to continue as a standalone public company.

Capital Structure 40

Capital Structure Finance 40

Appraiser Newsroom

FEBRUARY 16, 2022

He has over 21 years of experience in corporate finance, specializing in business and securities valuations, real options and derivative valuations, and risk management. Bob Bartell, CFA , is president of corporate finance for Kroll. Harris Antoniades, Ph.D., Baker is also a representative of Independent Investment Bankers Corp.,

Intangible Assets 52

Intangible Assets Business Valuation Appraisal Corporate Finance 52

Class VI Partner

JULY 28, 2021

It is typically the highest risk/highest potential return portion of a company’s capital structure. Often these are companies that are being financed by a private equity or investment firm to do a “roll-up,” or series of acquisitions in a particular industry.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Equilest

JANUARY 19, 2025

That's why we built our software to handle even the most intricate capital structures. Enter waterfall analysis - a powerful tool that has revolutionized how we approach company valuations, especially for businesses with complex capital structures. What is Waterfall Analysis?

Capital Structure 52

Capital Structure Business Valuation Fair Market Value Compliance 52

Reynolds Holding

FEBRUARY 11, 2025

The case was moot, plaintiffs-appellees argued, because, following the conversion, Holdings had merged with and into Tripadvisor, leaving Tripadvisor with a simplified capital structure and no controlling stockholder. [4] 20] ENDNOTE [1] Maffei v. 18] See In re Mindbody, Inc. 2020 WL 5870084, at *17 (Del.

Fair Market Value 45

Fair Market Value Capital Structure Finance Marketability 45

Reynolds Holding

JANUARY 27, 2025

As of 2022, 80% of Americans use fintechs in some way to manage their finances, with online banking and payments among the top use cases. [6] 6] As of 2023, publicly traded fintechs represented a market capitalization of $550 billion. [7] Americans have responded to these developments enthusiastically.

Banking 59

Banking Start-ups Finance Marketability 59