Credit Cycle – Looser Covenants Credit by Matt - December 19, 2020December 19, 20200 Yield and Covenant Trade Offs What gives rise to a restructuring or financial distress? Often, the seeds for a restructuring are planted when creditors first subscribe for new debt issuance, sometimes under debtor friendly terms. When markets are flush with liquidity and buy-side investors are starved for investment opportunities, creditors sometimes make
Coding and Finance Technology by Karl - December 19, 2020December 19, 20202 Gone are the days where the computer science types are relegated to the back office or equities in Dallas. Having an understanding of computer science and coding is now advantageous in many business careers, including finance and consulting. Granted, writing programs in C++ is still quite rare in front office
Guide to Distressed M&A Mergers & Acquisitions Restructuring The Law by Matt - December 11, 2020December 11, 20200 Distressed M&A differs from mergers & acquisitions under normal circumstances as time is of the essence in a bankruptcy or distressed situation and numerous dynamics are at play. Investment banks with prominent financial restructuring practices are well versed with distressed M&A situations. Distressed M&A takes place on a tight schedule versus
Impact of COVID-19 on Real Estate Investments Real Estate by Kings Private Equity Club - December 9, 2020December 9, 20200 By Austin Brattli CFA Investment Foundation certificate holder This article looks at the impact of COVID-19 on real estate investments. The COVID-19 pandemic has impacted real estate regardless of ownership by—individuals, companies, and PE firms. COVID-19 has profoundly impacted lives worldwide with devastating effects as infected people are dying, and the worldwide economy
What is a SPAC – Special Purpose Acquisition Company or Blank Cheque Company Equity Capital Markets by Matt - December 6, 2020December 6, 20200 My friend Tim Tim just asked me a very popular question in the investing world (and accordingly the investment banking world) – What is a SPAC? SPAC issuance has previously been somewhat of a fad – a few major ones and then radio silence and then a few major ones again.
Elite Boutique Investment Banks Versus Bulge Bracket Investment Banks Investment Banking by Matt - December 5, 20200 Who are the Elite Boutique Investment Banks? The main Elite Boutique Investment Banks are Rothschild, Evercore, Moelis, Lazard, PJT Partners, Centerview, Greenhill, Perella Weinberg, and Guggenheim. These firms have wide reaching platforms with many senior bankers and offer advisory services globally. There are also regional or industry specific elite boutique investment banks which offer