This program includes Board of Director highlights of the current M&A environment, an update of current issues in Director and Officers (D&O) liability insurance, and cautionary observations on recent litigation developments. The panel addressed each of these topics in the context of the current regulatory changes, the economy, buy and sell side perspectives, and particular challenges for board fiduciary duties.
Wordpress duo teamed up to form financial planning groupstanleycorners
The Hulburd/Tyler Group typically has two categories of clients, energy or technology executives and business owners, Tyler said. For C-suite executives, the group can deal with concentrated stock issues, help them create liquidity and perform other wealth advisory functions. For closely held businesses, the duo helps them through a process to understand whether they can sell their business or walks them through a process that teaches them what it means to run the business with longer-term investment goals in mind.
At first we we're going to teach you how to fold origami, but then we thought maybe helping you to understand and sail the surrounding legal issues when operating a startup would be more useful. We will be exploring on areas such as structure in a company, co-founder arrangement, key issues during fundraising, how to contract like a businessman and finding the right legal advisor.
For further information, visit our website at ma2017.mymagic.my.
Facebook - Facebook.com/magic.cyberjaya
Twitter - Twitter.com/MagicCyberjaya
Instagram - Instagram.com/magic_cyberjaya/
LinkedIn - my.linkedin.com/in/magiccyberjaya
YouTube - https://www.youtube.com/channel/UCIT_ihmWh5f3MCobvEwWMaA
The financial industrial arts are not in economics but rhetoric. They have no proof, no science and even actuarial subject products have only shown failure. We continue to demonstrate proof in real markets as the herd turns and mooing increases. Here is a timeless article from our vaults.
In this post recoverability era, what should we keep in mind when applying fo...Demi Edmunds
Matthew Williams answers the following question: My corporate client is bringing an action for breach of contract. I have discussed with the directors options on funding and the potential for ATE insurance. They have expressed an interest in applying for cover ‘at some point’. In this post recoverability era, what should we keep in mind?’
Seed financings enable a startup to put together its initial team, build a working prototype, and begin to test the market. Often these investments are made via convertible debt or SAFEs. Veteran Silicon Valley startup and corporate attorney Jason Putnam Gordon will cover the following topics:
1. Required corporate structure
2. Legal considerations when pitching investors for seed financing
3. Differences between using convertible debt and SAFEs
4. Key terms and considerations when raising seed funding
5. Common mistakes and pitfalls that companies make when raising seed funding via convertible debt and SAFEs
6. How to close your seed financing
7. Important post-closing tasks
8. And much, much more
This program includes Board of Director highlights of the current M&A environment, an update of current issues in Director and Officers (D&O) liability insurance, and cautionary observations on recent litigation developments. The panel addressed each of these topics in the context of the current regulatory changes, the economy, buy and sell side perspectives, and particular challenges for board fiduciary duties.
Wordpress duo teamed up to form financial planning groupstanleycorners
The Hulburd/Tyler Group typically has two categories of clients, energy or technology executives and business owners, Tyler said. For C-suite executives, the group can deal with concentrated stock issues, help them create liquidity and perform other wealth advisory functions. For closely held businesses, the duo helps them through a process to understand whether they can sell their business or walks them through a process that teaches them what it means to run the business with longer-term investment goals in mind.
At first we we're going to teach you how to fold origami, but then we thought maybe helping you to understand and sail the surrounding legal issues when operating a startup would be more useful. We will be exploring on areas such as structure in a company, co-founder arrangement, key issues during fundraising, how to contract like a businessman and finding the right legal advisor.
For further information, visit our website at ma2017.mymagic.my.
Facebook - Facebook.com/magic.cyberjaya
Twitter - Twitter.com/MagicCyberjaya
Instagram - Instagram.com/magic_cyberjaya/
LinkedIn - my.linkedin.com/in/magiccyberjaya
YouTube - https://www.youtube.com/channel/UCIT_ihmWh5f3MCobvEwWMaA
The financial industrial arts are not in economics but rhetoric. They have no proof, no science and even actuarial subject products have only shown failure. We continue to demonstrate proof in real markets as the herd turns and mooing increases. Here is a timeless article from our vaults.
In this post recoverability era, what should we keep in mind when applying fo...Demi Edmunds
Matthew Williams answers the following question: My corporate client is bringing an action for breach of contract. I have discussed with the directors options on funding and the potential for ATE insurance. They have expressed an interest in applying for cover ‘at some point’. In this post recoverability era, what should we keep in mind?’
Seed financings enable a startup to put together its initial team, build a working prototype, and begin to test the market. Often these investments are made via convertible debt or SAFEs. Veteran Silicon Valley startup and corporate attorney Jason Putnam Gordon will cover the following topics:
1. Required corporate structure
2. Legal considerations when pitching investors for seed financing
3. Differences between using convertible debt and SAFEs
4. Key terms and considerations when raising seed funding
5. Common mistakes and pitfalls that companies make when raising seed funding via convertible debt and SAFEs
6. How to close your seed financing
7. Important post-closing tasks
8. And much, much more
Shared Object images in Docker: What you need is what you want.Workhorse Computing
Docker images require appropriate shared object files (".so") to run. Rather than assume Ubuntu has the correct lib's, use ldd to get a list and install the ones you know you need. This can reduce the underlying images from GB to a few MB.
Final Copy French Culture Project and copyright useannettemerzouk
This is a French culture project for students to use guidelines that involve copyright, fair use and transformative materials along with Creative Commons.
...czyli jak przełożyć identyfikację klienta na wnętrze, tak aby tworzyło wartościową przestrzeń obcowania z marką bądź stanowiło markę samą w sobie.
Prezentacja przedstawiona na Art Bussines Festival – Architektura & Design.
I rarely have a conversation these days where the topic of financing doesn’t arise as a serious concern for my clients. When the economy is robust, and the
capital markets are frothy, financing a commercial real estate transaction is a relatively simple matter. However during today’s recessionary times, the
commercial capital markets are severely constrained. Not only is the supply of capital tight, but the demand may be near all time highs as well. Depending on which industry source you quote there is between $150 and $200 billion dollars of CMBS debt maturing in...
BoyarMiller Breakfast Forum: The Current State of the Capital Markets 2016BoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a panel discussion on the Current State of the Capital Markets. Speakers included Drew Kanaly with Kanaly Trust, Cliff Atherton with GulfStar Group and John Sarvadi with Texas Capital Bank, LLC.
More online: http://www.boyarmiller.com/news-and-publications/events/breakfast-forum-current-state-capital-markets-2016/
Sale-leasebacks also supported overall growth, stockpiling equity and restructuring existing debt. Fortune 500 companies sold regional and national headquarters. Industrial conglomerates sold large distribution centers and portfolios of assets, respectively. Municipalities sought to lower deficits and balance budgets with government service assets by heading to the sale leaseback table.
The Case For Impact Mezzanine Finance in Emerging MarketsPabloVerra
A primer developed for general partners, limited partners, large and small companies and the general public with an interest in optimizing financial structures in Emerging Markets. The presentation makes the case for general partners to deploy further mezzanine-dedicated funds in developing economies.
Commercial property lending in the United States continued upward momentum in 2014 and is expected to stay strong in the year ahead. This quick guide helps you jump start your commercial real estate strategies for bridge lending in 2015.
Learn more: http://www.us.jll.com/united-states/en-us/services/investors/capital-markets/debt-and-equity-finance
Managing distressed private equity and credit investmentsSteven Rosenblum
Many family offices, pensions, endowments and other investors that have historically allocated capital to private equity and credit funds (“Investors”) are increasingly investing in transactions directly. To achieve similar returns, Investors must replicate the capabilities of institutional asset managers in sourcing opportunities, structuring transactions and investment oversight. When unexpected problems occur post-investment, Investors often lack the resources and internal expertise to optimally manage the position, especially in distressed situations. These include risk management practices to help prevent investments from becoming distressed, activist expertise to manage distressed situations and strategies to recover investments after they have become impaired. This article discusses best practices in each of these areas that help Investors maximize the value of problematic investments.
ddie Lampert bought Kmart out of bankruptcy. W.L. Ross made a fortune many times over buying steel and other companies out of bankruptcy. Hedge funds and other distressed debt traders buy and sell millions of dollars of distressed securities and bankruptcy claims every day. A number of private equity funds focus exclusively on buying distressed businesses, fixing, and selling them. And fortunes are made when real estate crashes by those who have the dry powder to swoop in and buy when others are forced to sell. This webinar explains how to loan to, or purchase the debt of, a company in order to acquire it (a strategy commonly called “loan to own”); how to learn about opportunities involving distressed companies; and tips and best practices for participating in bankruptcy, Article 9, and other sales of distressed businesses (including the concept of serving as the “stalking horse).
Part of the webinar series: RESTRUCTURING, INSOLVENCY & TROUBLED COMPANIES 2021
See more at https://www.financialpoise.com/webinars/
2013.03.01 JCCC Educator Conference-Tony Wayne Presentation
ACG_09_Advertorial
1. GROWING AGAIN
October 30, 2009 GROWING AGAIN An Advertising Supplement to the Kansas City Business Journal 5
HARNESSTHE POWER
Corporate value recovery, renewal and preservation solutions to privately held, closely held companies and their vested stakeholders.
An outstanding, rapidly growing team of highly talented and experienced finance, accounting and operations professionals.
Deep and diverse industry expertise: manufacturing, distribution, contractor and builders supply, heavy duty and light construction,
telecommunications, media, apparel, homeland security, automotive after market and commercial finance.
Corporate Value Recovery-Complex Financial and Operations Restructuring
Special Situation Investment Banking and Corporate Finance
Business Valuation
Forensic Accounting Investigations
CFO Outsourcing
Tony Wayne Dennis O’Hara
twayne@ihorsellc.com dohara@ihorsellc.com
913-851-0027 816-589-4848
IronHorse LLC6 7 0 9 W e s t 1 1 9 t h • S u i t e 4 4 3
O v e r l a n d Pa r k , K S 6 6 2 0 9 - 2 0 1 3
w w w. i h o r s e l l c . c o m
CFO Outsourcing
Sound familiar?
Two years ago, you finally closed the big
merger deal you spent what seems like years
working on. Perhaps, your business is tied
to commercial real estate development, con-
struction, or building materials. Just when
you were ready to start that big ramp up, the
bottom fell out.
Once a very enthusiastic partner in the
deal, now your friendly community banker
has asked you to find a new banking rela-
tionship. You don’t know how this can be ac-
complished and quite frankly, neither do they,
most likely.
Do you just toss them the keys?
These are extremely emotional, even gut
wrenching times. Assuming they leveraged
their business acquisition with secured debt,
both borrower and lender face a dilemna and
need help themselves in sorting through their
recovery options.
Patience and trust has all but disappeared.
The objective, unbiased persective of an
independent turnaround professional can
help both lender and borrower alike, to sort
through the potential options where none of
them are all that attractive.
There are factors in today’s economic
downturn that are making these choices even
more difficult than in previous recessions:
• The rather sudden and unexpected col-
lapse in the secured lending markets of a
year ago.
• Local and regional community banks lend
more heavily to commercial and residen-
tial real estate developers, contractors,
and other borrowers heavily tied to real
estate and development. Very little if any
new loan paper is being booked to this
sector.
• Debtor in possession financing availabil-
ity to borrowers who might otherwise
consider a Chapter 11 reorganization is
quite scarce and expensive at the mo-
ment, with interest rates approaching 15-
20% in many, if not most cases.
• Values for underlying collateral are
largely influenced by prices being paid by
hedge funds who invest in large bundles
of distressed debt.
• TARP funding has encouraged an ag-
gressive effort by some banks to quickly
unload troubled loans, contributing to
a glut of distressed debt and underlying
collateral.
A summary of 2009 FDIC year to date loan
sales through early August is below.
Although this is data only for institutions
taken over by the FDIC, these numbers are in-
credible when considering the average sale to
loan value for the eight-year period
preceeding September 2008 was 72%, on
4446 loan sales. Through early August, they
had sold 5556 loans in this year alone for an
average value of just 51%.
Much of this downward pressure is related
to real estate.
How might
a turnaround professional help?
Given the rather bleak picture above, in-
creased liquidation has contributed to se-
verely impaired collateral values across the
board-especially for commercial real estate.
We can help lenders stay in the credit, al-
lowing the borrower to temporarily service
debt to fit cash flow, as part of a comprehen-
sive, out of court restructuring/reorganiza-
tion effort. Through a priority focus on cost
and asset reduction, and with constant atten-
tion to cash, we help creatively structure re-
duced interest-only debt service, PIK features,
longer amortization periods, annual reviews,
success fees and balloons, and subordinated
soft note structures. Working with the client
first as Chief Restructuring Officer, then later
in an outsourced CFO contribution, we help
restore trust, confidence and credibility.
Given the ugly alternative as demonstrated
above, working through, working out the
trouble is sometimes the best option.
Tony Wayne, CPA, CIRA, CVA, CFF, FSCPA
Tony is a founding Director of IronHorse
LLC. Founded in 1998, IronHorse is a
K.C.-based advisory and intermediary firm
specializing in complex financial and op-
erations restructuring, business valuation,
forensic accounting, and CFO Outsourcing.
With a very diverse team of outstanding
professionals and a broad range of indus-
try experience, certifications/credentials
and technical expertise, IronHorse has
experienced dramatic growth.
When The Bank Wants You To Leave-
How a restructuring partner can help you stay
TYPE FDIC RATING # LOANS SOLD BOOK VALUE SALES VALUE % B.V.
Commercial Non-Perf. 220 $130,804,616 $47,360,483 36%
Commercial Perf./Nonperf 182 $153,988,544 $44,618,509 29%
Commercial Perf. 1992 $438,601,392 $239,817,149 55%
2394 $723,394,552 $331,796,141 46%
REComm. Non-Perf. 438 $321,817,225 $124,771,988 39%
REComm Perf./Nonperf 289 $108,594,615 $45,806,891 42%
REComm Perf. 2435 $1,088,403,089 $642,847,211 59%
3162 $1,518,814,929 $813,426,090 54%
ALL 5556 $2,242,209,481 $1,145,222,231 51%
SUMMARY FDIC LOAN SALES YTD 2009 THROUGH 08.06.2009
SPONSORED SUPPPLEMENT TO
THE OCTOBER 30-NOVEMBER 5, 2009
EDITION OF THE