When negotiating SPAs, the accountants sometimes get pretty animated debating whether some specific types of items should be treated as a debt / debt-like item OR a WC peg, but not BOTH. In the heat of a deal - I've never really understood this.
有人可以提供这个概念的示例和ELI5吗？什么是可以调整WC PEG或类似债务的物品的示例？通常是否有偏好（从买家的角度来看）？为什么要强调不包括DDL和WC PEG调整（假设它是双重计数 - 但很想真正理解该机制）
WSO虚拟训练营B0B体育平台下载
Career Advancement Opportunities
2月ruary 2023Private Equity
Overall Employee Satisfaction
2月ruary 2023Private Equity
Professional Growth Opportunities
2月ruary 2023Private Equity
总平均补偿
2月ruary 2023Private Equity
排行榜See all
| 1 |
|
99.2 |
| 2 |
|
99.0 |
| 3 |
|
99.0 |
| 4 |
|
99.0 |
| 5 |
|
99.0 |
| 6 |
|
98.9 |
| 7 |
|
98.9 |
| 8 |
|
98.9 |
| 9 |
|
98.9 |
| 10 |
|
98.9 |
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Comments (2)
Interested to hear others thoughts but when it comes to negotiations with a vendor, the following priority have the biggest effect on the amount of equity required:
a) any downwardadjustment toEBITDA，作为业务估值is often a multiple of sustainable earnings. So a $5m earning adjustment at 10x multiple is worth $50m. If the valuation is fixed then this will have no effect.
b）债务和债务类似物品，因为扣除了全部债务和债务类似物品arrive at equity value。一笔5亿美元EV交易，如果确定了1亿美元的债务和债务，那么权益价值为4亿美元
c)working capital peg as只有一个change钉在钉子上是被视为或反对您作为买家的东西。如果NWC PEG为1亿美元，并减少至9000万美元，则作为完成帐户流程的一部分，买方将获得1000万美元
如果你看一个balance sheet或最近的FDD报告，您将看到该行项目被归类为债务或NWC，以避免双重计数。
Amet Laboriosam Ducimus Atque Doloribus Maiores Sint。Architecto Difcorsing eos eos dolores eos Veritatis Magnam。自动向Saepe qui sit dolores dolor ipsa发出。官员cum Reseatur Vel Inventore Facere dolorem ab。
esteenda iure减去quaerat序列。Adipisci EOS et dolorem Quasi Aut Eaque。Octudiandae et qui paratione ab occaecati qui。praesentium quae voluptas et quod nihil optio ipsum。Deserunt Quas Optio Dolores Vero Magnam Amet。
查看所有评论 - 100％免费
WSO取决于每个人都知道某事时能够参与进来。解锁您的电子邮件并获得奖金：6 financial modeling lessons free($199 value)
orUnlockwith your social account...