Art of M&A: Financing and Refinancing
McGraw-Hill Professional (Verlag)
978-0-07-038303-6 (ISBN)
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"M&A financing and refinancing can be a path to progress--starting today, as you read the ideas in this book and dream up your own."
--Alex Sheshunoff, From the Foreword
The expansion of a business through merger or acquisition involves experience and wisdom. It involves the ability to envision how two or more combined companies can equal far more than the sum of their parts. It also involves, more often than not, the use of "other people's money." The Art of M&A Financing and Refinancing tells you how to obtain and repay that money, taking the complex, technical aspects of M&A finance and making them clear, understandable, and applicable to your situation.
This comprehensive reference handbook points you to all the facts, figures, names, and places you need to finance your next deal. Unique in that it concentrates solely on the most fundamental component of the M&A transaction--money--The Art of M&A Financing and Refinancing provides clear-headed advice and guidance on:
The key financial sources and instruments you can use--for any kind of dealHow to select the most appropriate type of financing--debt, equity, or a combination of the twoFinancing via debt--loans, bonds, and leases--and the virtually infinite ways to borrow or lendTactics to consider in contracts, including contingent payments, earn-outs, and equity kickersHow to determine when refinancing is necessary--and plan for it as a probabilityHow volatile global events affect economic systems--and the impact this has on M&A financing and refinancing Debt/equity hybrids and the vehicles through which they travel--including mezzanine financing and seller takeback financing
The ability of one company to acquire another has helped companies throughout history grow stronger, more vibrant, and more competitive. Just as your business must establish satisfying relationships with external vendors and suppliers for its component parts and services, it must also become accustomed to using external financing for growth. Let The Art of M&A Financing and Refinancing show you how to combine the "Main Street" of commercial banking with the "Wall Street" of investment banking, and help you stay on the profitable side of the M&A success ledger.
Alexander Reed Lajoux (Arlington, VA) is the president of Alexis and Company an editorial servies firm that psecializes in providing state-of-the-art textual materials for business and professional use. Her byline appears regularly in Director's Monthly, the official newsletter of the National Association of corporate Directors and in North american International Business, a magazine for small businesses engaged in international trade.
Part I: Prerequisites. Basic Definitions and Data. Assessing Financing Needs. Regulatory, Tax, and Accounting Issues in Structuring Deal Financing. Part II: A Closer Look at Instruments. Dynamics of Debt-Based Financing. Dynamics of Equity-Based Financing. Dynamics of "Hybrid" Financing. Part III: A Closer Look at Sources. Working with Debt Sources. Working with Equity Sources. Working with "Backers". Part IV: Strategies for Financing and Refinancing. Managing Multiple Instruments--Planning Points. Managing Multiple Sources. Refinancing Strategies. Part V: Global Issues: Macro/Micro/Tax. Macroeconomic Aspects of Global M&A Financing. Microeconomic Aspects of Global M&A Financing. International Financing: Tax Fine Points. Conclusion: M&A Financing and Refinancing: Instruments for Successful Growth. Appendix: Typical Subordination Provisions of Publicly Issued Notes. Typical Subordination Provisions of Privately Placed Institutional Notes. Typical Subordination Provisions of Seller Notes.
Erscheint lt. Verlag | 16.7.1999 |
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Zusatzinfo | 35ill. |
Sprache | englisch |
Maße | 145 x 226 mm |
Gewicht | 794 g |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation | |
Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
ISBN-10 | 0-07-038303-0 / 0070383030 |
ISBN-13 | 978-0-07-038303-6 / 9780070383036 |
Zustand | Neuware |
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