Deals and Transactions

Mergers & Acquisitions (M&A), Capital Raising, Restructuring, and Other Transactions

Deals and Transaction Guides

Our deals and transactions guides are under development. WSO's deal library is being developed to help you learn all about deals and transactions in finance.

Learn about leveraged buyouts, management buyouts, poison pills, deal negotiation, and much more with our extensive resources. The articles are designed as self-study pieces and can be completed at your convenience.

How are deals structured?

Deals are structured based on their type. No two deals are the same. The resources below will help you navigate the complex world of deals and transactions to boost your understanding of the transactions industry.

All Deals & Transactions - Investment Banking, Private Equity, Corporate Finance Resources:

Scaling Beyond IPO
By:David Bickerton

A

Acquiree
By:Manu Lakshmanan
Acquirer
By:Austin Anderson
Acquisition
By:Osman Ahmed
Acquisition Finance Structures
By:Hassan Saab
Acquisition Premium
By:Christopher Haynes
Acquisition Structure
By:Himanshu Khanna
Adhesion Contract
By:Osman Ahmed
Anti-Dilution Adjustment Clause
By:Josh Pupkin
Arm’s Length Transaction
By:Gregory Cohen
Asset Acquisition
By:Manu Lakshmanan
Asset Deal
By:Aimaan Shergill
Asset Purchase vs Stock Purchase
By:Matthew Retzloff

B

Bailout Takeover
By:Jake Heimowitz
BATNA
By:Ethan Sweeney
Black Knight
By:Adin Lykken
Breakup Fee
By:Christopher Haynes
Business Deal
By:Osman Ahmed
Buyout
By:Sid Arora

C

Capital Raising Process
By:Rachel Kim
Cash Offer
By:Rohan Arora
Cash Rich Split Off
By:Hassan Saab
Change of Control
By:Patrick Curtis
Clearing House
By:Christopher Haynes
Conglomerate Merger
By:Abhinav Bhardwaj
Consideration
By:Christy Grimste
Control Premium
By:Jair Ballesteros Delgado
Creeping Takeover
By:Matthew Retzloff
Crown Jewel Defense
By:Elliot Meade

D

Data Room
By:Sid Arora
Dawn Raid
By:Rohan Arora
Dead Deals
By:Aimaan Shergill
Dead Hand Provision
By:Jash Shah
Deal Fatigue
By:Sid Arora
Deal Origination
By:Josh Pupkin
Deal Sheet
By:Himanshu Singh
Deal Team
By:Muhammed Ishfaque Ishaque
Deeds of Release
By:Rohan Arora
Defense Mechanism
By:Abhinav Bhardwaj
Definitive Purchase Agreement
By:Ayoub Mresa
Divesting
By:Rachel Kim
Divestment
By:Arnav Chaudhary
Documentary Collection
By:Elliot Meade
Drag Along Rights
By:Josh Pupkin
Drawee
By:Vanshika Nakul
Due Diligence
By:Austin Anderson

E

Earnest Money
By:Osman Ahmed
ECM Deals Committee
By:Manu Lakshmanan
Engagement Letter
By:Arnav Chaudhary
Equity Kicker
By:Rohan Arora
Escrowed Shares
By:Sid Arora
Evergreen Contract
By:Himanshu Singh
Express Warranty
By:Timur Kodzoev

F

Fair Price Amendment
By:Vanshika Nakul
Fairness Opinion
By:Kevin Henderson
Financial Synergy
By:Aqsa Wasif
Financing Contingency
By:Snehal Kute
Flip-In Strategy
By:Osman Ahmed
Flip-Over Strategy
By:Manu Lakshmanan
Founding Partner
By:Andy Yan
Friendly Takeover
By:Hassan Saab
Fundless Sponsor
By:Rohan Arora

G

General Partnership
By:Christopher Haynes
Go-Shop Period
By:Rachel Kim
Godfather Offer
By:Aimaan Shergill
Golden Parachute
By:Aimaan Shergill
Greenshoe / Overallotment
By:Kevin Henderson

H

Haggling
By:Patrick Curtis
Heads of Agreement
By:Patrick Curtis
Hedged Tender
By:Adrian de Vernou
Hell or High Water Contract
By:Drishti Kohli
High Finance
By:Gregory Cohen
Highly Leveraged Transaction (HLT)
By:Rachel Kim
Hostile Bid
By:Christy Grimste
Hostile Takeover Bid
By:David Bickerton

I

Implied Authority
By:Christy Grimste
Implied Contract
By:Hassan Saab
Independent Sponsor
By:Manu Lakshmanan
Initial Public Offering (IPO)
By:Hassan Saab
Institutional Buyout (IBO)
By:Rachel Kim
Investment Teaser
By:Andy Yan
Investment Teaser
By:Elliot Meade

K

Kamikaze Defense
By:Mohammad Ezzeddine
Key Man Clause
By:Manu Lakshmanan
Killer Bees
By:Drishti Kohli

L

LBO Terms and Definitions
By:Matthew Retzloff
Letter of Commitment
By:Kevin Henderson
Letter of Intent (LOI)
By:Frank Rithesh Pereira
Lobster Trap
By:Muhammed Ishfaque Ishaque

M

M&A Deal Structure
By:Tarek Emam
M&A Glossary
By:Adin Lykken
M&A Project Names
By:Athira Anand
Merchant Discount Rate (MDR)
By:Elliot Meade
Merger
By:David Bickerton
Merger Arbitrage
By:Jake Heimowitz
Merger Monday
By:Aimaan Shergill
Merger vs. Acquisition
By:Aimaan Shergill
Mergers & Acquisitions (M&A)
By:Christopher Haynes
Mergers Acquisitions M&A Process
By:Bakhtiyorjon (Ben) Yokubjonov
Middleman
By:Christy Grimste
Misrepresentation
By:Manu Lakshmanan
Mixed Offering
By:Aimaan Shergill
Money Order
By:Nikaila Alim
Motives for Mergers
By:Abhinav Bhardwaj

N

Negative Covenant
By:Rohan Arora
Negative Pledge
By:Muhammed Ishfaque Ishaque
Negotiated Sale
By:Josh Pupkin
Net Asset Liquidation
By:Manu Lakshmanan
Netting
By:Fatemah Kamali
New Issue
By:Adin Lykken
No Shop Provision
By:Austin Anderson
Non-Binding Offer
By:Jonathan Jonas Mazyopa
Novation
By:Adin Lykken

O

Offering Memorandum
By:Kseniia Tokarieva

P

Pac-Man Defense
By:Ishpreet Kaur
Pitch
By:Elliot Meade
Pitchbook
By:Hassan Saab
Platform Company
By:Jake Heimowitz
Poison Pill
By:Rohan Arora
Poison Put
By:Adin Lykken
Pooling of Interests
By:Elliot Meade
Post-Offer Defense Mechanism
By:Josh Pupkin
Pre-Offer Defense Mechanism
By:Raghav Dharmarajan
Private Equity Transaction Timeline
By:Matthew Retzloff
Public Information Book (PIB)
By:Aimaan Shergill
Purchase Price Allocation
By:Patrick Curtis

Q

Quality of Earnings Report
By:Adin Lykken

R

Reps and Warranties
By:Rishit Danani
Restrictive Covenant
By:Christy Grimste
Reverse Morris Trust
By:Himanshu Singh
Reverse Takeover (RTO)
By:Tanmya Tripathi
Reverse Termination Fee
By:Manu Lakshmanan
Revlon Rule
By:Sid Arora
Roll Up Strategy
By:Sid Arora

S

Sale and Purchase Agreement
By:Sid Arora
Scorched Earth Policy
By:Drishti Kohli
Seasoned Equity Offering
By:Austin Anderson
Secondary Offering
By:Osman Ahmed
Seller Representation Agreement
By:Patrick Curtis
Show Stopper
By:Patrick Curtis
Smart Contract
By:Almat Orakbay
Stalking-Horse Bid
By:Sid Arora
Standby Fee
By:Matthew Retzloff
Staple Financing
By:Kevin Henderson
Statute of Frauds
By:Elliot Meade
Stock Acquisition
By:Hassan Saab
Strategic vs Financial Buyer
By:Patrick Curtis
Subsidiary Mergers and Acquisitions
By:Brandon Fausto
Success Fee
By:Himanshu Singh
Syndicate
By:Elliot Meade
Synergistic
By:David Bickerton
Synergy
By:Rohan Rajesh

T

Takeover
By:Elliot Meade
Takeover Bid
By:Sid Arora
Takeover Premium
By:Viriyan Dharma
Tender Offer
By:David Bickerton
Timing of Synergies
By:Alisa Zhu
Toehold Position/Purchase
By:Sid Arora
Tombstone
By:Jonathan Jonas Mazyopa
Trading Partner Agreement
By:Christopher Haynes
Transaction Risk
By:Jash Shah
Types of Due Diligence
By:Christy Grimste
Types of Mergers
By:Elliot Meade

U

Under the Tent
By:Won S Mejia Helfer

V

Void Transactions
By:Matthew Retzloff
Voting Trust
By:Hassan Saab

W

Waiver
By:Matthew Retzloff
White Knight
By:Won S Mejia Helfer
White Squire
By:Adin Lykken

Y

Yellow Knight
By:Himanshu Singh
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