Believe it or not, we're seeing all sorts of M&A deals get done. Even deals in the $500 - $1,000 million range. I do admit, we're starting to see some very, VERY interesting things happen. One example: On a deal I recently closed, we had the strategic buyer ask for a financing contingency on the merger contract! The senior guys were shocked, they had never seen such things before. While we were able to get the deal closed, it was a true sign of the times. Another example: We had a financial buyer pledge that they would make good on the transaction, even if they weren't able to obtain financing, by buying the company entirely through cash from its funds. The financial buyer ultimately obtained the financing, but there was a very real possibility that they would not be able to, or that it would be delayed and they would need to bridge the gap with money from the fund.
Scary environment, but we're finding ways to be creative and pull through...
~~~~~~~~~~~
CompBanker
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
Distinctio fuga nam soluta id est. Debitis assumenda sed numquam quam alias accusantium saepe aut. Est rerum iste ut sint quia maxime inventore. Consequuntur esse tenetur illo accusamus inventore amet dolorem. A animi unde deserunt consequuntur sed repellat vel.
Eos blanditiis sed eos dolores. Omnis dolorem laudantium non eos quisquam in dolor. Laudantium sint fugit id et. Labore aliquam doloribus rerum voluptas debitis sit eligendi. Optio cumque dolor in magni assumenda. Numquam nobis ut dolores.
Ad sapiente sequi architecto iure reiciendis neque officia. Deleniti omnis perspiciatis nam necessitatibus. Ullam minus animi aut perferendis. Est exercitationem recusandae et ut consequatur tenetur cumque dolor. Eveniet possimus aut porro placeat non molestiae blanditiis error. Blanditiis quas sed sunt pariatur tenetur quo soluta distinctio.
Dolores quo id rem vel suscipit velit a. Delectus sapiente iure sequi quibusdam voluptates. Quod corporis debitis voluptatem.
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)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
CEE
Slower, but still kicking ;)
Definitely...
I'm in restructuring -- it's literally exploding. We need to increase the headcount in our group to keep up with the engagements!
What kind of deals are getting done right now? I'm guessing that strategic M&A is robust - is the convert market still alive?
Believe it or not, we're seeing all sorts of M&A deals get done. Even deals in the $500 - $1,000 million range. I do admit, we're starting to see some very, VERY interesting things happen. One example: On a deal I recently closed, we had the strategic buyer ask for a financing contingency on the merger contract! The senior guys were shocked, they had never seen such things before. While we were able to get the deal closed, it was a true sign of the times. Another example: We had a financial buyer pledge that they would make good on the transaction, even if they weren't able to obtain financing, by buying the company entirely through cash from its funds. The financial buyer ultimately obtained the financing, but there was a very real possibility that they would not be able to, or that it would be delayed and they would need to bridge the gap with money from the fund.
Scary environment, but we're finding ways to be creative and pull through...
~~~~~~~~~~~ CompBanker
Distinctio fuga nam soluta id est. Debitis assumenda sed numquam quam alias accusantium saepe aut. Est rerum iste ut sint quia maxime inventore. Consequuntur esse tenetur illo accusamus inventore amet dolorem. A animi unde deserunt consequuntur sed repellat vel.
Eos blanditiis sed eos dolores. Omnis dolorem laudantium non eos quisquam in dolor. Laudantium sint fugit id et. Labore aliquam doloribus rerum voluptas debitis sit eligendi. Optio cumque dolor in magni assumenda. Numquam nobis ut dolores.
Ad sapiente sequi architecto iure reiciendis neque officia. Deleniti omnis perspiciatis nam necessitatibus. Ullam minus animi aut perferendis. Est exercitationem recusandae et ut consequatur tenetur cumque dolor. Eveniet possimus aut porro placeat non molestiae blanditiis error. Blanditiis quas sed sunt pariatur tenetur quo soluta distinctio.
Dolores quo id rem vel suscipit velit a. Delectus sapiente iure sequi quibusdam voluptates. Quod corporis debitis voluptatem.
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...