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How Private Credit Funds are Making Debt Look a Lot Like Equity

Reynolds Holding

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. First, there is more corporate debt now than ever. What is more, they have started providing finance to multinational public companies, such as Wolfspeed Inc.,

Equity 64
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FRP advises Mobeus on The Translation People’s £10.5m debt raise

Accountancy Today

FRP’s debt advisory team has advised Mobeus Equity Partners on The Translation People’s on a successful £10.5m debt raise that will support the firm’s buy-and-build strategy. Led by partner, Simon Sherliker and director, Stuart Sweeney, and supported by senior manager, Amit Bagga and Manager, Brad Gayler.

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Weighted Average Cost of Capital Explained – Formula and Meaning

Valutico

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. The resulting WACC represents the average cost of all the types of capital a company uses to finance its operations.

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Weighted Average Cost of Capital Explained – Formula and Meaning

Valutico

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. The resulting WACC represents the average cost of all the types of capital a company uses to finance its operations.

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Weighted Average Cost of Capital Explained – Formula and Meaning

Valutico

Determining a company’s “Cost of Capital” is vital in corporate finance and valuation, and the Weighted Average Cost of Capital (WACC) provides a specific way of doing so. The resulting WACC represents the average cost of all the types of capital a company uses to finance its operations.

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Modeling Managers as EPS Maximizers

Reynolds Holding

We propose a theory of corporate finance based on the idea that firm managers maximize EPS: the difference between net operating profits and interest expense divided by total shares outstanding. We can broadly classify firms’ corporate behaviors into two categories: growth and value firms. REFERENCES Almeida, H. Graham, J.,

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Data Update 7 for 2023: Dividends, Buybacks and Cash Flows

Musings on Markets

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. To illustrate the heat that buybacks evoke, consider two stories in the last two weeks where they have been in the news.