During this time he participated in approximately $ 800 million of acquisitions and in
the debt and equity structuring of a 2 million square foot commercial and multi-family portfolio.
Big four firm Dundas & Wilson recently acted for Bank of Scotland Integrated Finance, Uberior Integrated and ISS, in a # 143m
debt and equity structured acquisition of Aberdeen - based subsea company Integrated Subsea Services.
Not exact matches
If Bain used a more conservative deal
structure with $ 400 million in
equity and $ 400 million in
debt and paid down the
debt upon exit, they'd have $ 800 million from the
equity, or a 2x return.
Instead,
structure the investment as convertible
debt: a loan that gets swapped for
equity in the next big round of financing, says David Cohen, a venture capital investor
and CEO of TechStars, a Boulder, Colorado - based angel fund.
And frankly I feel he overstates the potential harm of convertible
debt, which if properly
structured acts mostly as an
equity instrument anyways.
Given the relative position in the capital
structure and security surrounding
debt investments, the rate of return for creditors of a given company is typically lower than the company's
equity holders.
We invest across the entire capital
structure, including senior
and subordinated, secured
and unsecured
debt as well as
equity, in both public
and private large - cap
and middle - market companies.
Our Real Estate professionals are seasoned experts in sourcing, analyzing,
structuring and monetizing real estate investments in distressed
debt, high - yielding senior loans, direct
equity and hybrid investments, among others.
The standout performers last year were technology funds, long / short
equity funds
and structured credit funds (which buy tranches of securitized
debt instruments).
The Company uses the proceeds raised from the issuance of units to invest in SMEs through local market sub-advisors in a diversified portfolio of financial assets, including direct loans, convertible
debt instruments, trade finance,
structured credit
and preferred
and common
equity investments.
The four most common crowdfunding
structures include reward - based, philanthropic,
debt,
and equity.
The Carlyle Group («Carlyle») is one of the world's largest global alternative asset management firms that originates,
structures and acts as lead
equity investor in management - led buyouts, strategic minority
equity investments,
equity private placements, consolidations
and buildups, growth capital financings, real estate opportunities, bank loans, high - yield
debt, distressed assets, mezzanine
debt and other investment opportunities.
Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit,
equities and alternative instruments, including bank loans, high yield
debt,
structured credit products, distressed
debt, corporate mezzanine, energy mezzanine opportunities
and long / short high - grade
and high - yield credit instruments, emerging markets
equities,
and (with regards to certain macroeconomic strategies) currencies, commodities
and interest rate products
and their derivatives.
We invest in countries around the world at all levels of the capital
structure — from
debt (first lien bank
debt, second lien loans
and high yield bonds) to undervalued
equity.
«We calculate a $ 2.36 / share offer price could generate an IRR of 12.3 per cent, based on our forecasts, a
debt /
equity structure of 30 per cent / 70 per cent, an interest expense rate of 4.5 per cent, a shareholder loan of half the
equity value
and an EBITDA exit multiple of 12 times,» the analysts wrote.
This two - part system is designed to exploit the role of
equity in reducing the risk appetite of banks by requiring them to have more
equity in their capital
structure,
and the role of uninsured
debt by making it more desirable for creditors to monitor bank management.
Focused on clean energy infrastructure assets in North America, including solar, wind, energy efficiency, storage,
and water, the Fund seeks to encompass a broad array of investment
structures, such as senior
debt, subordinated
debt,
and preferred
equity.
Our philosophy is to be opportunistic all the way across the capital
structure from
debt to
equity, across industries
and different geographies» Dan Loeb «We are not constrained by geography, sector, industry, or market capitalization» Lou Simpson
In addition to experience operationally
and in the conducting of
equity raises, Mr. Slusarchuk has
structured complex
debt financing transactions in the United States, Canada
and Europe with multiple top tier banks.
This innovative
structure includes a replenishment feature, which allows BXMT to maintain the 82 % advance rate of the initial loans
and the CLO issuance (coupled with the $ 392 million
equity raise in December) reduced BXMT's
debt - to -
equity ratio to only 2.0 x (down significantly from 2.6 x as of 9/30).
Over his 12 - year career at Forest City, he was responsible for the origination
and structuring of construction
and permanent
debt, private
equity transactions
and joint venture partnerships.
Davis also provides financial advisory services primarily related to the valuation of privately - held
equity and debt issued by financial services companies
and advisory related to capital
structures and M&A.
Dan is well - versed in many financial
and legal
structures including
equity,
debt, mezzanine financing,
structured and project financing, IPOs, PIPEs, reverse mergers,
and APOs.
Prior to joining Oberon, Phil was a partner at two investment banking boutiques where he helped originate,
structure,
and close
equity and debt private placements, commercial real estate transactions,
and asset - backed financing.
Investigate Verizon's capital
structure,
and understand how
debt and equity capitalization
and enterprise value interact with each other.
Verizon has a highly leveraged capital
structure,
and this
debt capitalization
and the company's
equity have affected its enterprise value.
Analyze Twitter's capital
structure to understand the importance of
equity and debt financing.
Investigate Exxon Mobil's capital
structure and understand how
equity,
debt capitalization
and enterprise value interact with each other.
The types
and structures vary significantly between
equity and debt but they a share a common goal: helping investors evaluate opportunities more efficiently
and effectively.
With Google becoming Alphabet, the company's internet business
and other ventures remain the same under a capital
structure of more
equity and less
debt.
The Company invests in private
equity, private
debt, private real estate investments, early
and late - stage technology investments, special situation investments, alternative asset funds managed by the Company
and structured finance investments.»
In cases where the likelihood of an acquisition or Initial Public Offering aren't likely, we will not make
equity investments
and will instead explore
debt financing as well as quasi-
equity structures like royalty financing, revenue - share agreements,
and when appropriate, factoring.
Alignvest Private Capital (APC) seeks to invest in opportunities that have attractive risk - adjusted returns across private investments including
equity,
debt,
and structured equity transactions.
Lorianne Burge, a consultant in the
debt finance
and structured finance team at London - based executive recruitment
and search business Walker Hamill, says private
debt, private
equity and fintech firms are often going after the same talent.
Since joining Citi in 2000, Mr. Albano has covered nearly all disciplines of the commercial real estate industry including:
equities, direct investments, fund / platform investments, loan origination, M&A, asset management, subordinate
debt structuring and placement, corporate finance,
and loan syndications.
And whether it be equity, debt or royalty - based structures — from main street small businesses, to tech startups, to film producers and artists — it's fundamentally improving how businesses and individuals raise capit
And whether it be
equity,
debt or royalty - based
structures — from main street small businesses, to tech startups, to film producers
and artists — it's fundamentally improving how businesses and individuals raise capit
and artists — it's fundamentally improving how businesses
and individuals raise capit
and individuals raise capital.
The project, according to the documents available to Citi News, shall first be financed with only
equity from GE, Endeavor
and Sage Petroleum,
and later refinanced using the capital
structure 70:30, being 70 %
debt and 30 %
equity from the open market.
There are a whole range of policies on family
structure, conservation,
debt reduction
and inheritance that will be necessary to ensure
equity between the generations.
Al is responsible for the overall strategic direction
and financial strength of the organization with primary responsiblility for
structuring the
equity and debt for the organization's property acquisition
and facility development projects nationally.
Due to a slower than expected ramp - up period, the project concessionaire
and senior lenders announced a change in the project's
debt structure that includes 60 % reduction of senior
debt and associated commitments funded by a $ 280 million private
equity investment
and $ 150 million in existing project reserves.
With this understanding, Mezzanine
debt investors seek returns between senior
debt lenders
and preferred
equity investors but this will largely depend on how the deal is
structured.
For most firms, I like to see growing sales
and growing earnings, preferably high operating margins,
and also a conservatively financed capital
structure (low
debt to
equity).
Look at the long term solvency of a firm, which can be judged by using leverage or capital
structure ratios such as
Debt Equity Ratio
and Debt Assets Ratio.
As one moves down the credit spectrum, the riskiest corporate bonds act like
equities, largely because as a company nears default, the
equity of the firm is worthless,
and true control of the firm is found in some part of the
debt structure.
If you were to look at the
structure of MIPs, the most aggressive ones hold about 25 to 30 %
equity and the rest in
debt.
Senior secured loans: Leveraged Loans or senior loans are on top of a company's capital
structure so they are the first to be repaid before other
debt obligations
and equity holders.
I encourage you to try backtesting other
equity structure related formula variations,
and maybe even test out the percent reduction in shares outstanding in combination with valuation
and debt ratios.
The Fund seeks to achieve this by investing primarily in the following categories of securities
and instruments of corporations
and other business entities: (i) secured
and unsecured floating
and fixed rate loans; (ii) bonds
and other
debt obligations; (iii)
debt obligations of stressed, distressed
and bankrupt issuers; (iv)
structured products, including but not limited to, mortgage - backed
and other asset - backed securities
and collateralized
debt obligations; (v)
equities; (vi) other investment companies, including business development companies;
and (vii) real estate investment trusts.
The second intuitive way to view it is that it is analogous to Modiglani
and Miller's capital
structure theory, where assets return the same regardless of how they are financed with
equity and debt.
1) The bondholders could voluntarily agree to move a portion of their claims lower down in the capital
structure, swapping
debt for
equity (preferred or common), allowing the bank to have a larger cushion of Tier - 1 capital, avoiding insolvency,
and hopefully allowing the bank to recover by its own bootstraps, preferably assisted by
debt restructuring on the borrower side (via property appreciation rights
and the like).