Mezzanine financing: tools, applications and total performance

by Nijs, Luc

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Title Statements

Full title :Mezzanine financing : tools, applications and total performance / Luc Nijs.

Summary

"An in-depth explanation of mezzanine financeMezzanine finance products, which have grown increasingly popular in recent years, involve a unique and complex form of analysis because of their hybrid nature. Because mezzanine finance involves no collateral, it accentuates legal terms, term sheets, and contracts, in addition to depicting dynamics of both debt and equity. Experienced chairman, lecturer, and professor of investment banking Luc Nijs presents readers with a thorough description of product groups, structuring and pricing, and cultural discrepancies in terms of regulation and application in Mezzanine Financing: Tools, Applications and Total Performance. Nijs analyzes common triumphs and failures encountered in mezzanine financing, and he discusses techniques for risk analysis and risk mitigation. A final study of international capital markets, their products' relevance, attractiveness, and liquidity, and the effects on pure equity/fixed-income risk concludes the book. Conveys a professional's advice through case studies of various regions, industries and contexts Provides the only complete analysis of mezzanine finance as no other books take on the topic as their only subject Details an increasingly popular and globally relevant subject in finance Those seeking a detailed explanation of the complexities within mezzanine financing will encounter a professional account in Nijs's book"--

"GLOBAL RELEVANCE; covers regulatory and regional variations in the pricing, structuring and application of mezzanine finance products"--

Edition Statements

Publication Date:2013

Publication Statements

Publisher(s):John Wiley & Sons
Place of Publication:Chichester
Language:eng
Publication Date:2013

Notes

Includes index.

The Physical Object

Description:1 online resource

Edition Identifiers

ISBN:9781118765203, 1118765206, 9781118765227, 1118765222, 9781118797075, 1118797078, 1299988741, 9781299988743
oclc:ocn858550166
LC Classification:HG173
Dewey Decimal:658.15/224

Mezzanine Financing: Tools, Applications and Total Performance; Contents; Preface; 1 Introduction; 1.1 The Bi-polar World of Finance; 1.2 Demarcation of the Product Group; 1.3 Positioning and Use of Mezzanine Finance; 1.4 The Risk-Return Conundrum; 1.5 Providers of Mezzanine Finance; 1.6 The Market for Mezzanine Products; 2 The Mezzanine Product Group; 2.1 Categorization of the Mezzanine Product Group; 2.1.1 Subordinated debt with step-up rates; 2.1.2 Subordinated debt with PIK interest; 2.1.3 Subordinated debt with profit participation; 2.1.4 Subordinated debt with warrants.

2.1.5 Convertible loans2.1.6 Preferred shares; 2.1.7 The wider space of hybrid instruments; 2.2 Case Study: The Kratos Company -- Merger Finance; 2.2.1 Kratos Inc. -- A closer look; 2.2.2 Case guidance; 2.2.3 Datasets; 3 The Implicit Cost of Mezzanine Products; 3.1 Measuring Risk; 3.1.1 Risk and return expectations; 3.1.2 How do you measure risk?; 3.1.3 What risks do we compensate for?; 3.2 Types of Risk; 3.2.1 Diversifi cation as a rule reduces or eliminates firm-typical risk; 3.2.2 Modern financial theory is eyeing a certain type of investor.

3.2.3 Measuring market risk: the CAPM (capital asset pricing mo…

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