A growing number of corporations are fleeing Delaware to reincorporate in Nevada and Texas, citing tax advantages and director protections. This post outlines the legal, governance, and strategic considerations companies face in moving domicile, and the implications for corporate law.
A glowing Skechers storefront reflection overlaps with a modern office skyscraper bearing the 3G Capital logo. A ticker-tape of “$63 per share” pulses across the bottom. Golden-hour light adds warmth and optimism to the scene. Light haze, corporate lens flare. Shot with DSLR, f/2.0, 35mm lens.
Explore the mechanics and benefits of NAV credit facilities—a rising trend in private equity fund financing. Learn how these facilities provide liquidity based on a fund’s net asset value, offering flexibility, downside protection, and high yield potential for lenders. Discover their structure, covenants, and growing appeal across institutional investors.
A growing number of corporations are fleeing Delaware to reincorporate in Nevada and Texas, citing tax advantages and director protections. This post outlines the legal, governance, and strategic considerations companies face in moving domicile, and the implications for corporate law.
Walgreens explores a potential buyout by Sycamore Partners. Learn about past M&A strategy, PE interest in retail, and how leveraged buyouts and asset sales factor into valuation, board strategy, and market response.
Softbank backs Ampere as the chipmaker eyes a Tokyo IPO. Learn about Ampere’s role in the ARM ecosystem, cloud server potential, and how Softbank continues to recalibrate around AI and semiconductor innovation.
CoreWeave plans its IPO amid explosive AI cloud demand. Learn how the startup’s GPU infrastructure, partnership with NVIDIA, and multibillion-dollar valuation shape its narrative as a leading generative AI infrastructure company.
Google Cloud’s $23 billion acquisition of Wiz reshapes cybersecurity infrastructure. Explore how the deal fits into Google’s cloud-first expansion, how it impacts AI integration and enterprise risk, and what it means for the broader M&A climate.
PE secondaries offer liquidity without a public market. Learn the difference between LP interest secondaries and GP-led continuation funds, and how they unlock value for sellers while offering exposure to matured portfolio assets.
M&A deals often hinge on retaining key executives. Explore double-trigger vesting, rabbi trusts, retention pools, and parachute provisions that shape how compensation continues post-transaction.
Hostile takeovers trigger board-level defensive responses. Learn about poison pills, dead-hand pills, shareholder rights plans, and board fiduciary obligations when takeover bids present significant premiums.
Free cash flow (FCF) reveals how much cash a company retains after capital expenses. Learn about FCF calculations, SEC disclosure requirements, reconciliation tables, and metrics like FCF conversion and levered FCF, with examples from Reddit and 3M.
Equity derivatives let companies hedge or profit from stock movements using tools like capped calls, ASRs, and structured margin loans. Explore ISDA master agreements, SEC/CFTC rules, and how these products mitigate risk in volatile markets.
Private credit is surging, offering flexible non-bank financing to middle-market firms. Learn about direct lending, special situations, asset-backed loans, and major players like Blackstone, Ares, and Apollo shaping this booming $1.5 trillion asset class.
Learn the full filing lifecycle for investment companies—from Form N-CEN to 13F reports. This guide breaks down required SEC disclosures, filing timelines, and compliance for mutual funds, ETFs, and institutional investors managing over $100 million in AUM.
Negative covenants are the backbone of loan agreements, guarding lenders against risk. Explore limitations on debt, liens, investments, and asset sales—plus what triggers default and lender remedies in today's leveraged lending landscape.
Dividend recapitalisations let private equity firms extract cash via debt-funded payouts. Learn how this high-risk strategy impacts credit ratings and legal exposure, especially when IPO exits are limited, using the Genesee & Wyoming recap as an example.
A bear hug is an unsolicited, premium takeover offer meant to pressure a target’s board. Learn about the fiduciary implications, Schedule TO filings, and how deals like Twitter vs. Elon Musk or Xerox vs. HP unfold in public view.
Failed leveraged buyouts (LBOs) like Toys "R" Us and Party City show the dangers of high debt loads. Learn how weak cash flows and interest burdens led to bankruptcies, and how financial modeling, IRR, and sensitivity analysis are essential to LBO success.
The Schedule TO is a critical SEC filing for tender offers. Understand its types (TO-I, TO-T, TO-C), required disclosures like Offer to Purchase, and how it supports hostile and friendly acquisitions. Includes timelines and pricing rules.