Explore mergers and acquisitions from every angle — from deal structures and valuation methods to strategy, divestments, and private equity insights.
M&A
TL;DR (Key Takeaways) * Deal Size: $55B enterprise value – the largest leveraged buyout (LBO) in history. * Buyers: Saudi Arabia’s Public Investment Fund (PIF) (majority stake), Silver Lake, and Affinity Partners. * Financing: ~$36B equity + $20B debt (underwritten by JPMorgan). * Valuation: $210/share cash offer, ~25% premium to pre-rumor price. * Timeline:
M&A
What Is the Private Equity Fund Life Cycle? The private equity (PE) fund life cycle is a highly structured, long-term process, usually spanning 10–12 years. It governs how capital flows - from when investors (Limited Partners, or LPs) commit funds, to how General Partners (GPs) invest and manage companies,
M&A
Mergers and acquisitions (M&A) are complex beasts, and one of the most critical aspects to nail down in a share-based transaction is the exchange ratio. This determines how many shares of the acquirer's stock target shareholders will receive for each of their shares. Broadly, these ratios
M&A
When you think of the M&A landscape, it's often tech giants acquiring startups or private equity firms buying out mature businesses. But often overlooked yet brimming with interesting financial and strategic considerations, are franchises. Franchise Model for Investors Why might franchises be an attractive proposition? * Proven
M&A
Where do M&A opportunities come from? It doesn’t always start with a company putting itself up for sale. Sourcing M&A deals is a complex, multi-dimensional process. Here’s an overview of the primary sources and types of M&A deals: 1. Off-Market Deals (Including
M&A
In M&A, one business model has risen to unprecedented prominence: the platform. From disrupting traditional industries to becoming prime targets for private equity rollups. But what exactly makes them so powerful,? A platform business is a model that facilitates interactions and transactions between two or more interdependent groups.
M&A
In today’s interconnected financial world, limiting investments to domestic markets can restrict both opportunity and growth. While local markets provide familiarity, the most rewarding prospects—and the strongest risk management strategies—often lie across international borders. Global investing allows individuals and institutions to diversify, access high-growth regions, and identify
M&A
Deciding to sell a company is one of the most significant decisions a leader can make. To maximise the outcome and ensure a smooth transition, careful preparation and a deep understanding of the various considerations are paramount. This post will highlight the critical financial, operational, and strategic factors that should
M&A
There are many motivations for a deal: cost synergies, market share consolidation, access to new technology. But increasingly, sophisticated acquirers are executing M&A strategies with a singular, laser focus: aggressive revenue growth. This isn't about simply buying an existing revenue stream. It's about identifying
M&A
Private Equity (PE) firms are sometimes seen as financial engineers, stripping assets and loading companies with debt. Other times, turning around struggling businesses and driving impressive growth. The truth lies somewhere in the middle, and critically, a significant part of their success stems from how they add value to the
M&A
Mergers and acquisitions (M&A) involve some of the most complex decisions in corporate finance. At the center of those decisions lies a document that often makes or breaks a deal: the Investment Memorandum (IM). While deal sheets and pitch decks capture attention, the IM is far more detailed.
M&A
Business combinations are a constant. From mega-mergers to strategic bolt-on acquisitions, these deals reshape industries and create new market leaders. But what truly drives companies to combine forces? It's far more than just getting bigger. Below we explain the multifaceted reasons behind business combinations, categorizing them by their
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