Business

The single most important decision a mezzanine debt lender makes is talent evaluation of the management team. Good management can lead to a great outcome. […]

Competitive markets drive innovation and opportunism, especially in the arena of acquisition financing. M&A forces strategic buyers to self-examine their competitive strengths. It also forces […]

EBITDA may drive valuations and leverage, but cash flow pays the bills. Mezzanine debt lenders know this and look for both when selecting deals. EBITDA […]

Texas is not growing by accident. It is growing by acquisition. As the state’s economy continues to expand, companies are not just starting businesses — […]

Mezzanine debt is a power booster for buyers flexing in a negotiation. The mere existence of mezzanine debt or any form of acquisition unitranche facility […]

Mezzanine debt is rarely seen as a lubricant for execution risk in a leveraged transaction. Often it is viewed negatively as a symbol of “too […]

Asset purchases are a common deal structure in acquisition financing and bring value to the buyer in several ways. Unlike a stock purchase, where the […]

Acquisition financing lenders rely heavily on cash flow stability in their underwriting approach. Providers of acquisition financing capital assume that historical performance is reflective of […]

The distressed company buyer tends to be overconfident as to their plan and underprepared as to their acquisition financing. There are many hidden costs within […]

Understanding the cost of acquisition financing leads to misguided comparisons and ill-informed views. Deal world participants are so focused on the nominal cost of interest; […]