First published on the BSPE blog By Dorina Barna and Boris Mihaylov LBO stands for Leveraged Buyout and refers to the purchase of a company while using a significant amount of debt to finance the transaction. Usually, the assets of the company being acquired and sometimes those of the acquiring company are

First published on the BSPE blog By Nikolas Huber and Luca Politi Introduction Almost everyone, even when only distantly connected to the topic of shares and stock, has heard about IPOs. Summarized an IPO is a process for a private company to become a public one. But not every private company that wants to

Writer: Oskar Pulkkinen Setting the scene The past few months have seen markets in an uproar, with volatility and risk becoming inescapable realities. Investors are scrambling to profit off of perplexing market movements, dreaming of victories like Bill Ackman’s 2.6 billion CDS hedge. Meanwhile, private equity seemingly stands as a bulwark of

First published on the BSPE blog By Florian Kramer & Konstantin Brandt Over the past two decades, the global payments industry has been subject to significant changes in both its underlying market drivers, and also in its competitive landscape. Driven by rising e-commerce volumes, an increasing demand for digital payment solutions and

By Matteo Lana, Francesco Biondo and Antonio Gagliardi As economy insiders know: Q1 2020 will be remembered as one of the darkest periods in the history of capitalism. As Covid-19 spreads worldwide, countries established lockdowns which result in real economic slumps. Despite this, it is clear that as things stand we

By Stefan Larsen Loan sharks and bookies are famed for having little patience for outstanding debts – we learned this from Tony Soprano and almost every character portrayed by Joe Pesci. Ironically however, the script appears to have been flipped for their legal counterparts today. In the carnage that was March’s public markets, no

By Peter Maxwell and Štěpán Koníř Initially posted on the BSPEC blog MBI, MBO and BIMBO…No, this is not a fairy tale about the big-eared elephant and his siblings. In fact, these terms refer to a class of acquisitions with an active role of management; management buy-in (MBI), management buyout (MBO) and

By Charly Delanoë and Tom Cordes Initially posted on the BSPEC blog Let’s talk about personal finance. When asked to give a good reason to take on a personal loan, what’s the first thought that comes to mind? If you followed any 101 business class or if you balance your own check