Harvard Corporate Governance

AUGUST 10, 2022

Kaplan is the Neubauer Family Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business; and Vladimir Mukharlyamov is Assistant Professor of Finance at the McDonough School of Business at Georgetown University. We find that 71% of those companies hired new CEOs under private equity ownership.

Equity 263

Equity Marketability Private Equity Firm Enterprise Value 263

Machen McChesney

FEBRUARY 8, 2024

Timely, reliable reports can increase the odds that a bank will approve your company’s loan application and equity investors will provide capital. Lenders and investors will generally want to review your company’s financial statements before they give it money.

Equity Financing 90

Equity Financing Equity Finance Banking 90

Harvard Corporate Governance

APRIL 28, 2022

Wang (discussed on the Forum here ); and Share Repurchases, Equity Issuances, and the Optimal Design of Executive Pay by Jesse M. 2013 ) and specifically the CEO ( Moore, 2020 ) are more likely to sell equity when firms buy back stock. 2021) present evidence consistent with stock price manipulation around the vesting of CEOs’ equity.

Equity 258

Equity Finance Marketability 258

Brian DeChesare

MARCH 13, 2024

Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms. Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity.

Equity 101

Equity Start-ups Marketability Banking 101

Law 360 M&A

APRIL 11, 2024

French banking giant Societe Generale SA said Thursday that it has agreed to sell its professional equipment financing business to rival BPCE for €1.1 billion) to streamline the business and bolster its equity capital. billion ($1.2

Finance 52

Finance Banking Equity 52

Harvard Corporate Governance

JUNE 15, 2022

Posted by Stephan Siegel (University of Washington), on Wednesday, June 15, 2022 Editor's Note: Stephan Siegel is Professor of Finance and Business Economics at the University of Washington. Stagnant middle-class wages but rapidly-increasing incomes by high earners have led to a growing debate about income inequality in the U.S.

Equity 220

Equity Marketability Finance 220

John Jenkins

NOVEMBER 2, 2023

If you needed any more proof about how challenging M&A financing conditions are, check out this recent Axios article, which says that equity contributions to US LBO transactions are at record levels.

Finance 49

Finance Equity 49

John Jenkins

AUGUST 1, 2023

In a tough deal financing market, PE buyers have increased the amount of equity they’re willing to invest in order to fund add-on transactions. They are often structured with a variety of financing methods […]

Finance 40

Finance Equity Marketability 40

Law 360 M&A

MARCH 13, 2024

HarbourView Equity Partners said Wednesday it has secured about $500 million in debt financing through a music asset-backed securitization led by KKR, which will be used to further expand HarbourView's music investment capabilities.

Finance 52

Finance Debt Financing Equity 52

Harvard Corporate Governance

MARCH 22, 2022

Bebchuk (Harvard Law School), on Tuesday, March 22, 2022 Editor's Note: Lucian Bebchuk is the James Barr Ames Professor of Law, Economics, and Finance, and Director of the Program on Corporate Governance, at Harvard Law School. Jackson Jr. The Commission proposed several rules in its recent Release No. 34-93784 (the “Release”).

Equity 189

Equity Finance 189

Viking Mergers

MAY 11, 2022

If you have ever looked into selling a business, you may have learned that there are many types of buyers and deal structures, from employee buyouts, strategic acquisitions, to private equity firms. We have noticed many misconceptions about a particular kind of buyer: the private equity firm. What Do Private Equity Firms Do?

Private Equity Firm 130

Private Equity Firm Equity Venture Capital Fund Finance 130

Harvard Corporate Governance

NOVEMBER 8, 2022

Hu is the Allan Shivers Chair in the Law of Banking and Finance at the University of Texas Law School. Decoupling”—the unbundling of the rights and obligations of equity and debt through derivatives and other means—has posed unique challenges for corporate and debt governance.

Equity 198

Equity Banking Finance Marketability 198

Lighter Capital

JULY 22, 2023

Equity funding has its downsides, too — for many founders, it’s , not worth diluting equity and ceding control of the business for a few million dollars of runway. Convertible debt is relatively low-interest and converts into equity at a specified date (generally after a round of equity financing). Maturity date.

Finance 98

Finance Equity Equity Financing Banking 98

Harvard Corporate Governance

FEBRUARY 2, 2024

Consequently, fund families managing both equity and bond funds are more likely to hold stocks and bonds from the same company simultaneously (“dual holdings”). This post is based on their working paper. Using detailed holding data of mutual funds, our paper first documents a rising trend in mutual fund dual holdings of U.S.

Corporate Finance 278

Corporate Finance Finance Equity Marketability 278

Sun Acquisitions

FEBRUARY 28, 2024

However, mastering the art of business acquisition involves more than just signing a deal; it requires careful planning, tailored strategies, and astute financing choices. Factors Influencing Financing Choices Available Capital Your existing financial resources play a crucial role in determining your financing choices.

Finance 59

Finance Debt Financing Equity Financing Equity 59

Accountancy Today

OCTOBER 4, 2023

FRP Corporate Finance has announced its team has advised management and private equity investment manager Foresight Group LLP on its sale of e-commerce personalisation platform, Fresh Relevance for £25m. It was a pleasure working with Management and Foresight on this sale.”

Corporate Finance 79

Corporate Finance Finance eCommerce Equity 79

Harvard Corporate Governance

AUGUST 3, 2022

Kothari is the Gordon Y Billard Professor of Accounting and Finance at MIT Sloan School of Management; and Parth Venkat is an Assistant Professor of Finance at the University of Alabama Culverhouse College of Business. This post is based on their recent paper.

Corporate Finance 198

Corporate Finance Finance Dividends Marketability 198

Mckinsey and Company

FEBRUARY 22, 2024

But first, they need a clear equity story. Sophisticated investors are more likely to afford a company more time to let its strategy play out, even during volatility.

Equity 134

Equity Corporate Finance Finance 134

Sun Acquisitions

FEBRUARY 12, 2024

Whether you’re a buyer or a seller, understanding the intricacies of various financing models is not just advantageous – it’s imperative. This article delves into educating buyers and sellers about financing models in business acquisitions. In business acquisitions, the adage “knowledge is power” holds.

Finance 59

Finance Private Equity Firm Fair Market Value Banking 59

Mckinsey and Company

MARCH 1, 2024

A new wave of software investing is on the horizon as private equity looks to create value through software portfolio companies.

Equity 96

Equity Corporate Finance Finance 96

Accountancy Today

JANUARY 11, 2024

Gerald Edelman’s Corporate Finance team has advised the shareholders of Medical Imaging Systems Limited (MIS) on its investment from H2 Equity Partners (H2). As well as being advised by Gerald Edelman’s Corporate Finance team, the shareholders were also advised from a legal perspective by Fladgate LLP.

Equity 73

Equity Corporate Finance Finance Marketability 73

Lighter Capital

JULY 20, 2023

Additionally, bootstrappers have to achieve healthy margins early on to cover costs and finance growth — and that’s a recipe for success! In this guide, you’ll learn: What debt financing is Why startups use it Which is better: debt financing or equity financing? Why do startups use debt financing?

Debt Financing 52

Debt Financing Finance Equity Equity Financing 52

Harvard Corporate Governance

MAY 23, 2023

Reddy is an Associate Professor of Finance at the University of Cambridge. Why tap public investors for finance, and become exposed to burdensome regulation and the vicissitudes of the public markets, when growth can be sustained with private capital? Berwin Professor of Corporate Law, and Bobby V. public company.

Equity 208

Equity Marketability Market Capitalization Finance 208

Reynolds Holding

FEBRUARY 4, 2024

Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporate finance markets have changed considerably. billion financing for Finastra and €4.5 billion financing for Adevinta ASA. What is more, they have started providing finance to multinational public companies, such as Wolfspeed Inc.,

Equity 64

Equity Corporate Finance Finance Banking 64

Lighter Capital

FEBRUARY 12, 2024

Equity dilution is simply the result of supply and demand. To grow the business, founders and co-founders often sell an ownership stake in the company, or equity , to investors to raise capital; many will also issue equity to hire and compensate early team members. Think of equity shares as pieces of a pie.

Equity 52

Equity Start-ups Finance Marketability 52

Harvard Corporate Governance

JUNE 27, 2023

It is no exaggeration to say that over its roughly forty-year history, private equity has revolutionized both corporate finance and corporate governance. Today, private equity is one of the major global asset classes, and it has attracted a truly staggering amount of capital over a relatively short period of time.

Corporate Finance 220

Corporate Finance Finance Equity Marketability 220

Benzinga

FEBRUARY 28, 2024

The private equity environment has changed. These were the findings at a conference for the private equity industry in June 2023 and are likely to remain the PE investment themes of 2024, according to Beringer Capital , a PE firm based in Toronto, Canada. Funds must now refocus on value creation in their portfolios.

Equity 52

Equity Banking Finance Marketability 52

Startup Valuation Blog

JANUARY 31, 2022

If you consider exchanging startup equity for services - you should follow three basic steps. . In the absence of financing, they offer service providers equity in exchange for services. The exchange of equity-for-services is a deal that involves negotiating. Allocate the Equity. Step 1: What is the Valuation?

Equity 100

Equity Business Valuation Finance Marketability 100

Harvard Corporate Governance

OCTOBER 17, 2023

In 2003, a group of approximately two dozen lawyers specializing in venture capital (VC) finance embarked on a mission to standardize the financing documents utilized by VC firms for investments in US-based startups. In a forthcoming chapter written for The Research Handbook on the Structure of Private Equity and Venture Capital (B.

Finance 300

Finance Equity 300

Financial Times M&A

JANUARY 1, 2024

The issues facing dealmaking, private equity, financial regulation and beyond

Finance 105

Finance Equity 105

Lighter Capital

DECEMBER 22, 2023

Prominent SaaS financing solutions feature a straightforward application process, fast funding, flexible repayment terms, and, most important, zero equity dilution. Before you even consider short-term financing for your startup, make sure it’s the right type of debt financing for your intended purpose.

Finance 59

Finance Start-ups Debt Financing B2B 59

Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds.

Equity 82

Equity Banking Start-ups Private Equity Firm 82

Benchmark Report

MARCH 22, 2022

Private Equity buyers will come in and get rid of all of my employees, borrow an absurd amount of money to finance the acquisition, thereby straining my company’s balance sheet and income statement, and then, light a match Goodfellas-style when they are done extracting value from it. But, I’ll let you in on a little secret?

Equity 96

Equity Finance Marketability 96

Harvard Corporate Governance

APRIL 16, 2024

Posted by Jun Qian (Fudan University), on Tuesday, April 16, 2024 Editor's Note: Jun Qian (QJ) is Professor of Finance and Executive Dean at the Fanhai International School of Finance (FISF), Fudan University.

Marketability 141

Marketability Finance Market Capitalization Banking 141

Law 360 M&A

JUNE 6, 2023

A New Jersey bankruptcy judge Tuesday gave data center company Cyxtera Technologies permission to tap into $40 million in Chapter 11 financing and roll up $36 million in debt as it puts itself on the block with a debt-for-equity swap as a backup.

Finance 52

Finance Equity Technology 52

John Jenkins

MARCH 31, 2023

In this Private Equity – 2023 Outlook, Wachtell reviews the key themes that drove deal activity in 2022 and expectations for 2023. On the financing side, the article describes some creative transaction structures that sponsors have been employing amid tumultuous credit markets. Here’s an excerpt: – Buy now, borrow later.

Finance 56

Finance Equity Marketability 56

Law 360 M&A

MAY 25, 2022

billion in equity financing to acquire Twitter Inc., Elon Musk on Wednesday promised an additional $6.25 according to a U.S. Securities and Exchange Commission disclosure, a move that comes just a week after the Tesla Inc.

Equity 98

Equity Equity Financing Finance 98