Acquisition Finance

Acquisition Finance examines in detail the commercial and structural framework and the nature of acquisition finance and buy-outs generally. It explores:

• The development of the acquisition finance and private equity markets in the UK
• The various financial instruments and structures used
• Current market practice
• Structuring techniques and commercial terms
• Deal execution techniques and best practice
• The impact of the Companies Act 2006
• The use of schemes of arrangement to effect takeovers (and the application of the Takeover Code as of January 2008)

There are dedicated chapters on the acquisition itself, private equity, senior debt, second lien, mezzanine, high yield, PIK notes, structuring deals, executing deals, intercreditor aspects, public-to-privates and multi-jurisdictional deals.

Topics and areas covered include:

• Leveraged finance
• Debt finance
• Buy-out
• LBO and MBO
• Management buy-out
• Leveraged buy-out
• Venture Capital
• Senior debt
• Second lien
• Mezzanine
• High yield
• PIK note, PTP and P2P
• Public-to-privates
• Takeover, takeover finance and takeover offer
• Scheme of arrangement
• equity house
• Holdco PIK
• Inter-creditor agreement
• Subordinated debt and junior debt
• MBI
• Management buy-in

Whilst it is not intended for lawyers alone it does focus on the documentary and deal execution aspects of its subject matter and will be of particular use for both private equity and acquisition finance lawyers as well as bankers, accountants, private equity professionals and other private equity and acquisition finance industry players and observers.