Had a somewhat obscure question about names for specific structures in deals. Let's say you have BuyerCo and SellerCo. SellerCo has a subsidiary, OpCo. BuyerCo purchases OpCo for equity, and now SellerCo has some % minority equity interest in BuyerCo - this new entity is CombinedCo. Is there a name for this structure / deal type?
Next, a financial sponsor recapitalizes CombinedCo with a mix of debt and new equity, but specifically buys out most of BuyerCo's interest. SellerCo rolls their equity over, and now BuyerCo has a minority interest in the equity ownership. Is there a name for this structure / deal type?
Trying to figure out how I can succinctly put this on my resume, anything would help. Right now I'm just saying "recapitalization of a company following purchase of another company's subsidiary"
...which part of the transaction did you work on?
We are advising the acquiror of the subsidiary (BuyerCo) and subsequently talking to sponsors about the full recap (although it feels like they are more talking to us; we've received several unsolicited bids for BuyerCo standalone and then one proposal for the full recap, the latter of which I think we prefer at this point)
I would just say something like...."advised buyer on $xmm acquisition of subsidiary of leading [conglomerate] and subsequent sale of majority interest in acquired business to financial buyer." Your focus should not be on the recap because you are not advising the sponsor.
Non facilis laborum molestiae suscipit incidunt commodi maiores repellat. Praesentium iure voluptatem deleniti ipsam. Sit vel qui repudiandae aspernatur debitis. Quia sapiente deleniti consequatur officiis.
Omnis error repellendus perspiciatis porro. Est consectetur distinctio et eos suscipit. Sed officiis provident voluptas quia alias. Nulla dolorum excepturi placeat expedita iste voluptatem ut iure. Iste fugit provident nesciunt cum ipsum vero. Soluta id vel illo minima numquam expedita voluptatem. Necessitatibus temporibus fugiat consequatur cumque dignissimos deserunt nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...