The SPAC is back: going public in a pandemic

By nrfdigitalteam on August 21, 2020 Posted in Corporate finance, Finance

According to Axios, the first half of 2020 saw special purpose acquisition companies (“SPACs” for short) in the U.S. raise over US$20 billion, easily eclipsing the US$13.3 billion raised in all of 2019. A SPAC is a special purpose vehicle that does not have any assets or operations, but exists solely for the purpose of … Continue reading

Private Equity Funds & Co-Investment: A Symbiotic Relationship

By Peter Valente (Toronto) on April 7, 2020 Posted in Finance, M&A

Broadly, a co-investment is an investment in a specific transaction made by limited partners (LPs) of a main private equity (PE) fund alongside, but not through, such main PE fund. This is often accomplished through a separately structured co-investment vehicle which is governed by a separate set of agreements. Co-investments are attractive to PE funds … Continue reading

Let’s see the money! Debt finance options in M&A

By Eric Vice on February 14, 2020 Posted in Finance, Financial institutions, M&A

In many cases purchasers in an M&A deal will obtain debt financing to cover a portion of the purchase price. Fortunately, in Canada the options for acquisition financing are plentiful. Common ‘types’ include: Senior Debt: the Bank Loan Banks and other senior lenders can design a range of tailored solutions to purchasers’ funding needs. Broadly … Continue reading