Reynolds Holding

OCTOBER 17, 2023

workforce, while, in 2021, hedge funds managed assets exceeding a staggering $4 trillion. While the ownership structures implemented by these firms differ, they generally encourage active engagement with portfolio companies. By 2022, firms under private equity management employed over 11 million people, nearly 10 percent of the U.S.

Private Equity Firm 52

Private Equity Firm Equity Capital Structure 52

Reynolds Holding

MAY 10, 2023

The SPAC Boom and Subsequent Contraction Most of today’s de-SPACed companies are the result of the boom in SPAC fundraisings in 2020 and 2021, when there were 861 SPAC initial public offerings (IPOs), accounting for more than half of all IPOs in both years. 3 The SPAC IPO market began to wane in late 2021 and contracted further in 2022.

Going Concern Value 49

Going Concern Value Finance Equity Technology 49

Reynolds Holding

APRIL 28, 2022

11] Data collected indicates that an average of 58% of SPAC IPO shareholders redeemed in 2020-2021, [12] and reporting indicates that redemptions from the first quarter of 2022 are higher. [13]. 14, 2021). [2] 9, 2021). [4] 14, 2021). [2] 9, 2021). [4] 2021-09); Eric Ver Ploeg, Tech SPAC Redemption Rates (Jan.

Marketability 56

Marketability Equity Alpha Capital Structure 56

Reynolds Holding

AUGUST 22, 2022

Restructuring is a complex and multi-dimensional process that involves a range of actions affecting operations, capital structure, and governance. The existing theories of zombie lending largely rely on regulatory capital requirements (Caballero et al., 2008; Peek and Rosengren, 2005). and Yang, Y., Available at SSRN 3910214.

Banking 45

Banking Finance Capital Structure Marketability 45

Reynolds Holding

MAY 2, 2023

In the United States, the debate in the corporate governance literature about the economic perils of dual-class capitalization structures is completely disconnected from rising concerns over outsized political influence of the tech industry among some antitrust thinkers and politicians. 26, 2022. [2] 116-222, 134 Stat. 4] Ronald J.

Comps 45

Comps Capital Structure Technology Marketability 45

Reynolds Holding

JANUARY 17, 2024

Belk had its plan of reorganization confirmed on February 23, 2021. The company’s financial creditors, institutions that held first-lien debt and second-lien debt, negotiated with the company and its private equity sponsor for months over a new capital structure. Belk had been taken private in a leveraged buyout in 2015.

Equity 45

Equity Capital Structure Compliance 45

Valutico

DECEMBER 15, 2022

It is often used as it eases the comparability between companies from the same industry (without having to worry about asset or capital structure). . This is a very similar multiple to the EV/EBITDA excludes D&A (thus the asset structure). EV/EBITDA – Shows the ratio of Enterprise Value to the EBITDA of a company.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

It is often used as it eases the comparability between companies from the same industry (without having to worry about asset or capital structure). . This is a very similar multiple to the EV/EBITDA excludes D&A (thus the asset structure). EV/EBITDA – Shows the ratio of Enterprise Value to the EBITDA of a company.

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Reynolds Holding

DECEMBER 10, 2023

Different Buyback Rationales – and Their Implementation Objectives We will consider each of the three corporate finance-based rationales for buybacks, being investment, capital restructuring and excess capital return or dividend. 7] Cliff Asness co-founder of AQR – The Illiquidity Discount?

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Reynolds Holding

FEBRUARY 13, 2025

27] Unitranche Debt The other trend in private credit financing arrangements is the rise of single-tranche or unitranche loans, which eliminate the complex capital structure of first- and second-lien debt in favor of a single facility. [28] 18] maximum expenditure on capital assets for a given period. [19]

Banking 45

Banking Finance Marketability Equity 45

Cooley M&A

JANUARY 10, 2022

As SPAC IPOs broke records – in both value and volume – in 2020 (and again in 2021), it was inevitable that stockholder litigation would follow. More than 50% of the SPACs that went public in 2020 and 2021 are incorporated in Delaware, giving particular significance to SPAC litigation filed in Delaware courts.

Capital Structure 40

Capital Structure Equity 40

Reynolds Holding

SEPTEMBER 11, 2024

The aim of a downgrade is to communicate supervisory concerns to the bank and to serve as a warning that enforcement actions could be in the offing, see Bergin and Stiroh (2021). [8] Thus, structured disclosure is not subject to an endogeneity critique, e.g., Bond and Goldstein (2014). [23] 19] Similarly, Berger, et al.

Banking 45

Banking Marketability Capital Structure Finance 45

Appraiser Newsroom

JUNE 4, 2024

She recently received the 2021 LCPA Women to Watch Most Experienced Leader Award. He has over 15 years of experience in valuation engagements for public and private companies in support of tax, business combinations, impairment testing, stock-based compensation, reorganizations, and claims within complex capital structures.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Finance 59

Reynolds Holding

MAY 23, 2023

5] As Healy described it, failures at funds included 1) disregard of fiduciary standards, 2) lack of regulation of investment advisers, 3) complicated capital structures, 4) inadequate accounting, and 5) lack of supervision of mergers and consolidations. [6] 15, 2021), available at [link]. 27, 2021), available at [link]. [28]

Banking 40

Banking Technology Marketability Capital Structure 40

Musings on Markets

OCTOBER 25, 2022

For Microsoft, this would yield values of $69,916 million for operating income and an effective tax rate of 13.83% in 2021, resulting in a FCFF of $40,879 million in 2021. During the 2021 fiscal year, Microsoft bought Nuance Communications for $19.76

Dividends 107

Dividends EBITDA Equity Start-ups 107

Benzinga

JANUARY 30, 2025

PTMN and LRFC employ the same investment strategy, and the BC Partners Credit Platform has been allocating substantially similar or the same investments to both Companies since Mount Logan Management, LLC ("Mount Logan") became LRFC's external investment adviser on July 1, 2021.

Finance 40

Finance Capital Structure Market Capitalization Banking 40

Reynolds Holding

FEBRUARY 11, 2025

The case was moot, plaintiffs-appellees argued, because, following the conversion, Holdings had merged with and into Tripadvisor, leaving Tripadvisor with a simplified capital structure and no controlling stockholder. [4] 2021) (noting that the extreme language in Synthes should not be read as establishing a general rule). [19]

Fair Market Value 45

Fair Market Value Capital Structure Finance Marketability 45

Reynolds Holding

JANUARY 27, 2025

FDIC, Interagency Charter and Federal Deposit Insurance Application (July 2021) (Application Form), [link]. [10] 17] Comptrollers Licensing Manual: Charters 22 (December 2021) (The business plan should. 22] Comptrollers Licensing Manual: Charters 36 (December 2021). [23] 2, 2013), [link]. [9] 10] Governor Michelle W. 2, 2024).

Banking 59

Banking Start-ups Finance Marketability 59