This Irish Times special report looks at several hot topics across corporate finance including Financing M&A deals, Funding options for MBO’s and Current trends in corporate finance. Hear from our Financial Advisory experts Anya Cummins, Jan Fitzell, James Anderson, Brian Fennelly, Ian Whitefoot, James Toomey, Conor Cullen and George Byron who feature across this report, providing commentary on a number of these topics below:
Please note that this is an Irish Times Content Studio Production and first featured in the Irish Times on Friday, 29 September 2023 and was re-published kindly with their permission on our website.
Equity is blood – that’s a quote from one of Ireland’s most successful businesspeople. It may go back more than 40 years but it does point to a reluctance shared by many business owners to raise money by selling a stake in the company.
M&A partners Anya Cummins & Jan Fitzell discuss with the Irish Times what equity is, its pros & cons for a business and when should business owners consider selling equity.
Companies can get into difficulty for a variety of reasons but may still have a viable core business if finance can be raised to fund a restructuring.
Turnaround & Restructuring partner James Anderson speaks to the Irish Times about what options are out there for businsses in this position and what steps business owners who find themselves in difficulty should take in order to secure funding and save their failing but still valuable business.
For some ambitious business owners, the ultimate goal is to float on the stock market through an initial public offering (IPO). This applies to a very small minority of companies, however.
Audit & Assurance partner Ian Whitefoot explains what kinds of company are suitable for an IPO and what the costs & benefits for publicly listed companies are in this Irish Times article.
Not all corporate finance is about funding growth or capital investment. Sometimes it's simply a matter of raising the capital needed to trade through business cycles.
Brian Fennelly, Debt & Capital Advisory partner, outlines in the Irish Times what the best and most cost effective ways of raising working capital are.
Transaction Services partners Conor Cullen & George Byron highlights some of the key trends seen across corporate finance in 2023 in this Irish Times article.
High growth early stage companies need access to a lot of cash to reach their potential. In many cases that means trading chunks of equity in a series of funding rounds starting with A and moving on through the alphabet.
M&A partner James Toomey outlines to the Irish Times what the difference between rounds is, how the process works and where the money comes from.
Read the early stage funding article here.
Mergers & Acquisitions
A management buyout (MBO) can often be the best means of disposing of a business but there tends to be a catch – management teams usually don’t have the cash to pay for the deal. That usually means funding it through a mix of debt, equity, earn outs, vendor finance and other means.
Debt & Capital Advisory partner Brian Fennelly and M&A partner James Toomey speak with the Irish Times about how a management team should go about funding an MBO and how the business owner can help them.
Growth through acquisition is a tried and trusted strategy but it’s not cheap. Companies rarely have the cash reserves to fund acquisitions from their own resources so, having identified a target, how do they go about financing the purchase in a way that makes sense for the business?
Jan Fitzell, M&A partner and Brian Fennelly, Debt & Capital Advisory partner discuss this in the Irish Times.