Axial

OCTOBER 26, 2023

Axial is excited to release its Q3 2023 Lower Middle Market Investment Banking League Tables. These quarterly league tables reveal the top 25 investment banks active on the Axial platform in Q3. In Q3, 571 sell-side investment banks and M&A advisors brought a total of 2,360 deals to market.

Investment Banks 52

Investment Banks Investment Banking Banks Mergers and Acquisitions 52

The Motley Fool

APRIL 18, 2024

The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly. billion to shareholders over the past 12 months through dividends and share repurchases.

Assets 130

Assets Debt Banks Capital 130

The Motley Fool

AUGUST 4, 2023

These investments were offset by increased repayments we received on several debt investments and the full exit of our investments in two lower middle market portfolio companies. Our private loan investments are typically first lien debt investments with attractive yield profiles in favorable terms.

Capital 147

Capital Asset Management Securities and Exchange Commission (SEC) Assets 147

The Motley Fool

JULY 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations, or core FFO; adjusted funds from operations, or AFFO; and net debt to recurring EBITDA. times net debt to recurring EBITDA, providing us with unparalleled optionality as we continue to execute on our pipeline. During the quarter, we sold over 3.2

Debt 130

Debt Capital Assets Asset Management 130

The Motley Fool

APRIL 24, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. Our conversion rate of deals approved by our investment committee to letters of intent signed is the highest in over two years at approximately 38%.

Debt 130

Debt Leveraging Capital Financing 130

The Motley Fool

APRIL 12, 2024

We're already seeing some central banks in the emerging markets starting to cut rates. The rebound in Banking gained speed during the quarter, led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity. In the U.S., Expenses were $14.2

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

FEBRUARY 8, 2024

billion in debt was at fixed rates and our net funded debt to annualized adjusted normalized EBITDA was 4.96 And I guess the loan investments might be because you're filling a void left by banks and those have been with existing relationships. Operator Our next question is from the line of Tayo Okusanya with Deutsche Bank.

Investors 130

Investors Assets Banks Capital 130

Pension Pulse

JULY 3, 2024

Maintaining the portfolio’s size, and growing it further, requires stepping up from the small-cap investments made at the beginning and developing large-cap partnerships and deal flow out of New York. The typical four- to five-year tenor of a private debt deal means around 20 per cent of the portfolio is in perpetual motion.

Portfolios 59

Portfolios Due Diligence Pension Funds Debt 59

The Motley Fool

NOVEMBER 6, 2024

Dan's banking experience and two CFO roles will bring valued perspective to Macerich as we continue to execute on our Path Forward strategy. On the debt initiative, we are targeting a $2 billion reduction in long-term debt as part of that aspect of our plan. The overall deal is long-term accretive to FFO per share.

Debt 130

Debt Assets Portfolios Leveraging 130

The Motley Fool

OCTOBER 17, 2024

We have one of the largest, if not the largest, businesses in direct lending, CLOs, real estate debt and private investment grade credit. We will soon complete fundraising for a number of our flagship vehicles, including corporate private equity, private equity, energy transition, European real estate and real estate debt.

Debt 130

Debt Management Fees Assets Financing 130

The Motley Fool

JANUARY 12, 2024

The net reserve build was primarily driven by loan growth in card and the deterioration in the outlook related to commercial real estate valuations in the commercial bank. Investment banking revenue of 1.6 Underwriting fees were up significantly compared to a weak prior-year quarter with debt up 21% and equity up 30%.

Banks 130

Banks Capital Assets Investment Banks 130

The Motley Fool

JULY 26, 2023

Our $518 million development pipeline will generate meaningful NOI as it delivers and stabilizes and our balance sheet is strong with ample liquidity to fund the remainder of our development spending and all debt maturities until 2026. The first question comes from the line of Camille Bonnel with Bank of America. You may proceed.

Prospects 130

Prospects Debt Law Firms Banks 130

Pension Pulse

APRIL 25, 2024

Big buyers of the senior tranche — typically more than 60 per cent of the instrument’s structure — had backed off for a while, given their ability to lock in rich yields from more vanilla debt instruments. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

FEBRUARY 15, 2024

We also expanded Zelman's investment banking capabilities into the commercial market in 2023. And in the fourth quarter, the investment banking team closed three transactions, albeit all in the single-family sector, that boosted revenues and expanded the W&D brand significantly. billion of bridge business.

Debt 100

Debt Financing Finance Banks 100

The Motley Fool

OCTOBER 23, 2024

In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO, and net debt to recurring EBITDA. times pro forma net debt to recurring EBITDA. Proforma for the settlement of our outstanding forward equity, net debt to recurring EBITDA was approximately 3.6

Debt 130

Debt Capital Leveraging Assets 130

The Motley Fool

MAY 9, 2024

Our goal continues to be to deliver operating cash flow conversion of 50% to 60% over a multiyear period, which we expect to achieve for full year 2024. As of March 31, we had a cash balance of $587 million, total debt of $4 billion, and net debt of $3.4 Our weighted average cost of debt was 4.5% I have two.

Bidding 130

Bidding Banks Capital Legal 130

The Motley Fool

AUGUST 8, 2023

Our buyers are doing a fantastic job partnering with suppliers, and we are seeing healthy deal flow across categories. million due to the impact of higher interest rates on our variable cost debt, partially offset by a reduction in average borrowings outstanding versus the prior year. and gross profit increased 16.9%

Banks 100

Banks Deal Flow Education Debt 100

Axial

SEPTEMBER 26, 2024

Vladimir Andonov , Martis Capital – What are the biggest hurdles in closing healthcare deals in today’s market? Deal Flow & Valuations Do you anticipate that deal flow in the healthcare industry will stay the same, increase, or decrease over the next 12 months?

Deal Flow 52

Deal Flow Capital Financing Finance 52

Pension Pulse

MAY 14, 2024

CLO equity — a small slice of the resurgent market for CLOs that bundle leveraged loans into bonds with varying safety ratings — is actually a form of deeply subordinated debt. As deal flow increases, “we’ll get to a more natural balance and you won’t have lenders having to do silly things,” he said.

Pension Funds 59

Pension Funds Collateral Funds Hedge Funds 59

Pension Pulse

AUGUST 24, 2023

gain, helped by stocks and private debt: CalPERS swung to a 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States. on private debt, as private equity slipped 2.3%, real assets dropped 3.1% The results were mixed.

Pension Funds 52

Pension Funds Debt Assets Banks 52

The Motley Fool

OCTOBER 11, 2024

We believe the continued path of central bank normalization will support sustained inflows across bond funds, ETFs, and institutional accounts. BlackRock's historically delivered outsized organic growth in periods of investor rerisking, around election cycles, and changes in central bank policy. Finally, fixed income.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

FEBRUARY 27, 2024

We continue to experience healthy deal flow, which helped offset the margin impact of our system integration, which we estimate was approximately 130 basis points in the quarter. Total debt was $292.7 million of operating cash flow, and we invested $175.6 Krisztina Katai -- Deutsche Bank -- Analyst Hi, good afternoon.

Banks 130

Banks Capital Financing Finance 130

The Motley Fool

FEBRUARY 9, 2024

In the last two years, AUM has increased by over 75%, and the over $50 billion we've added in equity and fee eligible debt over that period represents over 80% of our starting fee paying AUM. We intend to launch a strategy focused on triple net lease in Europe, driven by deal flow we already see today. per quarter. Thanks, Alan.

Capital 130

Capital Stakes Securities and Exchange Commission (SEC) Management Fees 130

The Motley Fool

FEBRUARY 15, 2024

We generated $142 million of free cash flow on $109 million of GAAP earnings, a 22% increase versus last year. Cash flow conversion, the percent of income that was converted into operating cash flow, was well above 100% for the quarter. Debt remains low, and debt-to-EBITDA is well below one time on a gross and net level.

Leveraging 130

Leveraging Taxes Capital Banks 130

The Motley Fool

JULY 27, 2023

We began to see some signs of stabilizing interest rates among central banks. This strength is offset somewhat by a softer environment for bank loans and structured finance. There is over $8 trillion of debt rated by S&P Global maturing through 2026 and nearly $13 trillion maturing through 2028. Now, turning to Ratings.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Motley Fool

FEBRUARY 18, 2025

We saw that as underwriting activity picked up and they had higher deal flow, they had a higher conversion rate of around 19%. If you are expecting Upstart to be a platform and not a bank, then I think you need to readjust your expectations here because this success does come with a higher level of risk.

Financing 130

Financing Finance Accounting Debt 130

The Motley Fool

NOVEMBER 7, 2023

Healthy deal flow and a favorable buying environment drove margin expansion and more than offset inventory inefficiencies related to our system transition, which we estimate to have impacted gross margin by approximately 50 basis points. Gross debt was $296.3 million of operating cash flow and invested $42.7

Banks 100

Banks Debt Leveraging Capital 100

The Motley Fool

MAY 3, 2024

billion in debt was at fixed rates. And our net funded debt to annualized adjusted normalized EBITDA was 5.03 We don't really toggle a dollar amount to that number of deals, but it's substantial. And quite frankly, there's just a lot of deals flowing in at the moment so I would say very active. Turning to guidance.

Investors 130

Investors Assets Capital Portfolios 130

Udu

MAY 31, 2023

Fund managers took different approaches during this time, some riding out the storm with cost cuts, “hibernating” businesses with sufficient reserves, and others simply handing over the keys of a few companies to banks so they can focus on the future.

Leveraged Buyouts 52

Leveraged Buyouts Private Equity Firms Private Equity Firms Buyout 52

Private Equity Wire

JUNE 27, 2023

Rolling with the punches Submitted 27/06/2023 - 1:47pm This article first appeared in the March 2023 T ech Buyouts Insights Report The tech buyout market has watched deal activity take a downward trend through Q1 2023. But there are signs a new valuation environment is turning back in its favour.

Buyout 52

Buyout Bidding Leveraging Deal Flow 52

Pension Pulse

DECEMBER 16, 2024

A 2017 World Bank report, citing benchmarking analysis, found that Canadian public pension funds had net returns that substantially outperformed those of comparable global funds over the preceding decade. For example, the finance minister, in consultation with participating provinces, appoints members to CPPIBs board.

Pension Funds 59

Pension Funds Funds Liabilities Assets 59

The Motley Fool

AUGUST 2, 2023

Since inception in 2013, when the company was formed by Fortress to take advantage of price dislocations created by higher capital requirements at the banks, we have executed on that plan. Capital requirements in the banking system are headed higher. As we look forward, deal flow is significant.

Capital 100

Capital Asset Management Assets Shareholders 100

The Motley Fool

DECEMBER 5, 2023

We expect Q4 free cash flow margin to improve sequentially based on the seasonality of cash collections and payments and our operating margin outlook. billion in cash, cash equivalents and investments and zero debt. We are delivering industry-leading margin improvement and moving closer to achieving positive free cash flow generation.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

JUNE 7, 2024

At the same time, we get these flash points where you'll get a bank that blows up and everyone says, "Oh, gosh, that's due to exposure to commercial real estate." At the end of the day, it's equity capital that's going to come in to rescue properties that have problems with their debt capital structure. They're servicing their debt.

Assets 130

Assets Asset Management Capital Companies 130

The Motley Fool

NOVEMBER 5, 2024

Deal flow is very strong, and we believe that we are still the best partner in the industry. million, driven by higher average principal debt to enable share repurchases and other cash outlays to support the continued growth of the business after the acquisition of United Grocery Outlet earlier this year. Total debt was $429.3

Taxes 130

Taxes Accounting Consultants Consulting 130

The Motley Fool

SEPTEMBER 4, 2024

Our partner network continues to generate opportunities and open new deal flow. Total allowance for bad debt remains de minimis at less than $400,000, and we do not have concerns regarding collections. I mean, you could pretty much take to the bank for each of the last 15 quarters. million compared to Q4.

Professional Services 130

Professional Services Enterprise Values Assets Leveraging 130

The Motley Fool

AUGUST 6, 2024

Total debt was $379.2 Our first question comes from Krisztina Katai with Deutsche Bank. Operator Our next question comes from Robbie Ohmes with Bank of America. Adjusted net income was $25.1 million for the quarter or $0.25 per diluted share. Turning to our balance sheet. We ended the quarter with $67.1 million of cash.

Accounting 130

Accounting Returns Leveraging Taxes 130