Tag Archives | lending

Baby in Boat

Baby on board? Risks of inexperience in LBO lending

During my too-brief sailboat racing career in Australia, it was often necessary to cut closely between islands and shoals during long-distance events. Invariably, these games of roulette came at night and in the midst of a blow. There is little that focuses you more than perilously close waves crashing on jagged rocks as you hurtle through […]

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Finding Love in the Middle Market LBO World

It is all too seldom that one is present to see true love blossom – especially in the middle market finance world. Fondly, though, I can report I had the special privilege of seeing such a glorious thing at recent private capital industry gathering. I was picking my way through a wilted salad and tired […]

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High barriers…to understanding

In what has to be the second most often used throw-away line behind “[insert name] is a leading [insert industry sector] company“, is the too-frequent, inadequately supported, drive-by industry analysis summed up by “high barriers to entry.” This becomes a nails-on-chalkboard experience when so often misused by non- or under-initiated underwriters, lenders, and pundits. Let’s take a step […]

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2012 1Q – Still in a holding pattern

I was catching up on some reading and got a chance to re-visit the First Quarter 2012 Private Capital Access Index published by Dr. John Paglia who heads up the Pepperdine Private Capital Markets Project. For those interested in the Middle Market, I strongly suggest getting involved in the surveys that this project runs periodically. […]

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Brass Door Mural Prague

Why a middle market finance blog?

I have had the great pleasure of working with (and, sometimes, for) professionals dedicated to bringing rich, deep backgrounds to their fields. These areas include professionals in investment banking, commercial banking, corporate law, turnaround advisors, valuation experts, academics, strategy consultants, entrepreneurs, private equity general partners, mezzanine debt providers, and many other specialists. It is my […]

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