Refinancing Houses. Art of M&A: Financing and Refinancing

"M&A financing and refinancing can be a path to progressNstarting today, as you read the ideas in this book and dream up your own."  Refinancing Houses.--Alex Sheshunoff, From the Foreword. The expansion of a business through merger or acquisition involves experience. Wisdom. The ability to envision how two or more combined companies can equal far more than the sum of their parts. It also involves, more often than not, the use of "other people's money." THE ART OF M&A FINANCING AND REFINANCING tells you how to obtain and repay that money, taking the complex, technical aspects of M&A finance and making them clear, understandable, and applicable to your situation. This comprehensive reference handbook points you to all the facts, figures, names, and places you need to finance your next deal. Unique in that it concentrates solely on the most fundamental component of the M&A transactionNmoneyN THE ART OF M&A FINANCING AND REFINANCING provides clear-headed advice and guidance on: The key financial sources and instruments you can useNfor any kind of deal; How to select the most appropriate type of financingNdebt, equity, or a combination of the two; Financing via debtNloans, bonds, and leasesNand the virtually infinite ways to borrow or lend; Tactics to consider in contracts, including contingent payments, earn-outs, and equity kickers; How to determine when refinancing is necessaryNand plan for it as a probability; How volatile global events affect economic systemsNand the impact this has on M&A financing and refinancing; Debt/equity hybrids and the vehicles through which they travelNincluding mezzanine financing and seller takeback financing. The ability of one company to acquire another has helped companies throughout history grow stronger, more vibrant, and more competitive. Just as your business must establish satisfying relationships with external vendors and suppliers for its component parts and services, it must also become accustomed to using external financing for growth. Let THE ART OF M&A FINANCING AND REFINANCING show you how to combine the "Main Street" of commercial banking with the "Wall Street" of investment banking, and help you stay on the profitable side of the M&A success ledger. Refinancing Houses.

 State-of-The-Art strategies to obtain--and repay--the financing you need to grow your business. Ideas may be the brain and personnel the muscle, but money is the lifeblood that allows a company to flourish in today's crowded global marketplace. In The Art of M&A Financing and Refinancing, today's preeminent M&A authorities--Alexandra Reed Lajoux and J. Fred Weston--take you straight to the sources of that money, drawing on their considerable combined expertise to clarify every aspect of the use of outside financing to expand a company. In the clear, concise Q&A format that has become a hallmark of McGraw-Hill's Art of M&A series, Lajoux and Weston explain how to develop a strategic vision for M&A financing--and how to use the correct tools to turn that vision into a reality. They detail key topics such as: how to chosse and locate the most appropriate type of financing--debt, equity, or hybrid; the roles of the intermediaries--backers, lenders, or underwriters--who play such a vital role in M&A financing; legal, tax, and accounting questions commonly encountered while financing a merger. The financing of mergers and acquisitions, whether local mom-and-pop collaborations or multibillion dollar global megadeals, is indispensable to survival and growth for many companies in today's highly competitive economic climate. The Art of M&A Financing and Refinancing covers the entire spectrum--from basic definitions of financing to taxation of international deals--and makes understandable the complex, technical aspects of M&A financing and refinancing. Refinancing Houses.