Process Experience

Most corporate financing transactions – large or small, public or private, simple or complex – follow similar paths.

Identification of a Capital Need –

– Acquisition financing, organic growth initiatives, debt refinancing, etc.

Review of Financing Alternatives –

– Equity, debt, equity-linked/convertible securities, bank loans

Investment Bank Input: the “Bake-off” –

– Strategic and transactional recommendations, market conditions/receptivity, credentials

Deal Structure & Bookrunner Selection –

– Decision on deal structure/strategy based on internal/external analysis and corporate needs/objectives

– Deal manager selection, negotiation of fees, incentives and syndicate members/economics

Deal Preparation –

– Document drafting, legal/regulatory/tax/accounting review, rating agency presentation(s), if required

– Development of marketing materials, management presentation review/refinement, press releases

Deal Launch/Marketing/Pricing –

– Document drafting, legal/regulatory/tax/accounting review, rating agency presentation(s), if required

– Development of marketing materials, management presentation review/refinement, press releases

– Deal timing, “go”/”no go” call, roadshow/investor calls, book building, pricing, settlement, greenshoe exercise, existing investor communication and after-market services

Throughout this process, issuers are required to negotiate or make decisions on a number of issues with little time for analysis or an incomplete understanding of the risks or variables to be considered. Many of these will have little impact on the outcome, but others are significant and represent points where leverage and financial flexibility may be preserved or lost and the course of the transaction may be incrementally, or even fundamentally, altered.

As experienced, unconflicted advisors, Aequitas Advisors provides clients with the technical expertise and understanding of product, process and deal dynamics required to more actively and effectively manage each stage of their transaction. The result is greater transparency and confidence in decision-making, heightened competition between service providers, lower fees, more efficient use of management time and, ultimately, a better structured, more comprehensively considered outcome.

Changing the paradigm lowers our client’s cost of capital.