Double Exit

Debt Finance & Loan Covenants

For any company borrowing money, the issues of the amount to be borrowed, the interest rate charged, and the term of the loan are typically the first things to be focused on when negotiating a lending agreement. However, another key aspect of any such agreement between a lender and a company will be the covenants […]

Real World Reads – Capital Structure Decisions

Funding a business with an appropriate capital structure is a crucial part of any company’s financial management. Funding requirements for a business can vary from day to day operations to capital expenditure and new business acquisitions. The variety of sources of finance with respect to term (e.g. short, medium, and long) and type of finance (e.g. […]

Share Buybacks – The Good, The Bad, & The Ugly

A recent announcement from the UK government that they are undertaking a study on the impact of share buybacks and the possible role they are playing in the inflation of executive pay has put this particular practice in the headlines. From a basic corporate finance perspective, share buybacks (also known as share repurchases) are a method of […]

Real World Reads – M&A (Manor Farm Disposal)

The recent sale of Manor Farm, Ireland’s largest chicken processor, for €94m to Swedish firm Scandi Standard provides a great insight into some common elements of many M&A transactions. Manor Farm is an eighth generation family business but the owners had recently flagged in interviews (see below) that the business may not pass onto the ninth generation.   […]

Where are all the IPOs?

Following on from the recent Real World Reads post on the Ardagh Group IPO, I came across a nice small article from (or about the lack of IPOs on the Irish stock exchange last year. This dry spell also comes on the back of a number of high profile delistings from the ISEQ […]