Содержание
- 2. ”Don't waste your love on somebody, who doesn't value it.” William Shakespeare, Romeo and Juliet
- 3. Characteristics of both Own funds Quasi-equity Own funds in bankers’ eyes No collateral Subordinated Convertible Buy-back
- 4. Mezzanine versus bank & equity
- 5. Debt securities
- 6. Types of investors and their risk profiles Senior Debt Return Risk Junior debt Subordinat debt Ordinary
- 7. Risk and return
- 8. Use of Mezzanine Management buy-out (MBO) Management buy-in (MBI) Leverage buy-out (LBO): MBO via mezzanine Leverage
- 9. LBO illustration 2 conditions: Lending capacity (EV/BT) – Debt max 2 x Own funds Pay back
- 10. Balance Ltd Nina (in thousand euro) rudy@aernoudt.com
- 11. Ltd NINA (in thousand euros) rudy@aernoudt.com
- 12. LtD NINA Value EBITDA x 6//8 Fork: 60 to 80 Million euro Agreed: 65 Million euro
- 14. Скачать презентацию