Search results

  1. Daniel Boden

    Leveraged finance transaction

    No worries - hope it goes well! Yeah, nowadays the common structure in UK buyouts is a double-SPV structure as demonstrated above where a Topco invests into a Holdco (which then could invest into a Newco if required) which then invests into the target.
  2. Daniel Boden

    General Discussion Thread 2020-21

    Sometimes there are no words... smh... I got a bit riled up just reading that exchange so I have to applaud you for maintaining your composure!
  3. Daniel Boden

    Leveraged finance transaction

    Not sure who told you that but it definitely does in private equity and sometimes more than one in a transaction! That's how it is able to be as tax-efficient as possible.
  4. Daniel Boden

    Leveraged finance transaction

    So this is a pretty complicated process but put simply a leveraged finance transaction takes place in the following steps: When the PE firm identifies the potential target, the PE firm itself creates an SPV of which it becomes the full owner (i.e. 100% shareholder). The PE firm collects money...
  5. Daniel Boden

    Commercial Awareness Discussion Thread

    Equally, in other PE news, KKR has come under fire today after (very cheekily in my view) asking its advisors to discount their fees, while investing $18 billion in deals since February - it remains to be seen if this will approach will be followed by other PE firms which is obviously a worry...
  6. Daniel Boden

    Commercial Awareness Discussion Thread

    You called it @Raam! Article in PE Insights today examining how many PE firms are now targeting distressed funds and private debt going forwards according to data gathered by Institutional Investor. I'd recommend all those who are tracking PE to read this and research this in sufficient detail...
  7. Daniel Boden

    Free Month of TCLA Premium - Every Week!

    Evening all, I would like to choose @S321 for this week's winner of the free month's premium subscription. I really appreciated your openness and courage to share your concerns about entering into a career in law and hope that this free membership can help you on your training contract journey :)
  8. Daniel Boden

    General Discussion Thread 2020-21

    Thanks so much for sharing!
  9. Daniel Boden

    General Discussion Thread 2020-21

    Wow... I'd better get the popcorn out for the responses on that thread! Does make you more appreciative of the community we have on here that 99% of the time is looking to build others up and help them succeed rather than drag people down
  10. Daniel Boden

    Commercial Awareness Discussion Thread

    Equally, in another big story, Unilever is seeking to abandon its Anglo-Dutch corporate structure and instead become a single UK company in an effort to make any future equity-based acquisitions or disposals faster and more streamlined. Here are the links below: Unilever to combine Anglo-Dutch...
  11. Daniel Boden

    Commercial Awareness Discussion Thread

    In today's news the big story is perhaps Just Eat Takeaway's merger with Grub Hub in a deal worth £5.7 billion which gives Just Eat Takeaway a significant foothold in the lucrative US takeaway market. Slaughter & May and Kirkland & Ellis were among the firms advising the two parties and just...
  12. Daniel Boden

    Commercial Awareness Discussion Thread

    Yeah that's very true and completely agree re bond offerings - do you think debt funds will be more popular now as a result?
  13. Daniel Boden

    Commercial Awareness Discussion Thread

    I think if a company is in a position to list in the next month or two then it should proceed as evidently there is strong demand for listed stocks and the Fed has pledged to continue its extraordinary level of market support. That said if a company isn't ready for an IPO in that short timeframe...
  14. Daniel Boden

    Commercial Awareness Discussion Thread

    Thanks for sharing this @Raam! That's really interesting :)
  15. Daniel Boden

    Commercial Awareness Discussion Thread

    The Fed made its announcement this afternoon and pledged its continued market support, predicting no interest rate increases until the end of 2022 which was in line with market expectations. As such, the markets reacted positively to this news and the Nasdaq and S&P 500 both rose with the Nasdaq...
  16. Daniel Boden

    Commercial Awareness Discussion Thread

    Furthermore, to add to the ever-increasing list of companies looking to go public in the next few weeks, yesterday Vroom had a very successful IPO, with its share more than doubling in price at the close of trading. However, given that the company is yet to turn a profit, it is going to have to...
  17. Daniel Boden

    Commercial Awareness Discussion Thread

    Here is the link to the Guardian article I was referencing earlier: https://www.theguardian.com/business/2020/jun/10/its-not-capitalism-why-are-global-financial-markets-zooming-up But it will be interesting to see what announcements the Federal Reserve make today as that could shape investor...
  18. Daniel Boden

    Commercial Awareness Discussion Thread

    I'll be posting an interesting story later from the Guardian today explaining why the stock market is continuing to go up despite the chaos caused by COVID-19, but in the meantime here is a really interesting video which explains the difference between the economy and the stock market which I...
  19. Daniel Boden

    Commercial Awareness - Latest Stories

    I'm posting daily stories which I think are interesting/good to follow in the thread below if that may be of use to you :) https://www.thecorporatelawacademy.com/forum/threads/commercial-awareness-discussion-thread.2396/
  20. Daniel Boden

    Commercial Awareness Discussion Thread

    And another one which may be of interest to people is a Shearman & Sterling panel discussing why US firms keep winning market share in London:

About Us

The Corporate Law Academy (TCLA) was founded in 2018 because we wanted to improve the legal journey. We wanted more transparency and better training. We wanted to form a community of aspiring lawyers who care about becoming the best version of themselves.

Newsletter

Discover the most relevant business news, access our law firm analysis, and receive our best advice for aspiring lawyers.

    Share this page

    Community platform by XenForo® © 2010-2022 XenForo Ltd. | Style and add-ons by ThemeHouse | Community services from Audentio
    Top Bottom