Process Experience

Changing the paradigm lowers our client’s cost of capital
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, equity-linked, convertible or straight debt, bank loans/facilities.

Investment Bank Input: the “Bake-off”

Strategic and transactional recommendations, market conditions/receptivity, credentials
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Deal Structure & Bookrunner Selection

Decisions on deal structure/strategy based on internal/external analysis and short and long term finances needs/objectives

Deal manager selection, negotiation of fees/splits/incentives, incentives and broader syndicate composition

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

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

Deal Preparation

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

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, 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 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.