As the SPV has no assets of its own apart from the shares in target it acquires with that debt, the lenders will turn to
the assets of the target group, typically requiring upstream guarantees from them of the acquisition finance borrowed by the purchaser and for those guarantees to be secured on the assets and undertaking of each such target group company.
Not exact matches
The hip - hop mogul, whose given name is Shawn Carter, is the
target of a Securities and Exchange Commission enforcement subpoena after failing to testify as part
of an agency investigation
of accounting practices at Iconix Brand
Group Inc., which paid $ 200 million to acquire
assets from his Rocawear apparel brand in 2007.
The hip - hop mogul is the
target of a SEC enforcement subpoena after failing to testify as part
of an agency investigation
of accounting practices at Iconix Brand
Group Inc., which paid $ 200 M to acquire
assets from his Rocawear apparel brand in 2007.
Let's assume: a) the rest
of the
group can pay for itself, and b)
asset management reaches its 2016
target, and is earning a 100 basis point (bp) fee & a 25 % operating margin on $ 3 billion
of AUM.
RBC Global
Asset Management wasn't far behind BMO, entering the market in 2011 with a
group of plain - vanilla
target maturity bond ETFs.
The tool is initially being
targeted at foreign exchange traders and
asset managers, with a banking
group currently trialling the product ahead
of a wider rollout to this part
of the market in the coming months.
My business partner and I performed this type
of analysis on a
group of crypto
assets, and found
target allocations for each
of the
assets.