Publikationen

Publikationen

• Nr. 1 M&A Focus Private Equity als Wachstumskapital - eine Ergänzung zur Bankenfinanzierung
  File size: 709 KB
• Nr. 3 Corporate Governance
  File size: 197 KB
• Nr. 4 Management Buy-Out - die heutige Praxis
  File size: 144 KB
• Nr. 5 Wert und Preis des Unternehmens: Theorie und Praxis
  File size: 221 KB
• Nr. 6 Stimulierende Impulse durch Mergers & Acquistions
  File size: 627 KB
• Finding the Right Financial Partner
  European M&A Summit Workshop: Finding the Right Financial Partner
  File size: 3 MB
• Staple Financing – The Case of BPby A. Guzman and Prof. Ian Cooper, London Business School
  The term staple financing (SF) refers to a situation in an M&A transaction in which the financing arm of the sell-advisory bank “staples” a financing offer to the asset or target company being sold. The buyer (s) can choose to accept or not the SF offer. In theory SF is attractive to sellers because it mitigates the risk that the buyer is unable to raise financing to acquire the asset, decreases the time to closing the deal, and sends a comfort signal to buyers, which could potentially result in a higher sale price. In practice, some sellers (e.g. BP) see that SF adds marginal value, and are concerned with the conflicts of interest between the sell-advisory and buy-financing role of banks.
  File size: 883 KB