Marks / Robbins / Fernandez The Handbook of Financing Growth

Strategies, Capital Structure, and M&A Transactions
2. Auflage 2009
ISBN: 978-0-470-52599-9
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 672 Seiten, E-Book

Reihe: Wiley Finance Editions

Praise for The handbook of Financing Growth
"Once again, Kenneth Marks and company have hit the mark with acomprehensive analysis of corporate and commercial finance, whichis both readable and up-to-date. This book is a must for anyentrepreneur, middle-market company CFO, or graduate studentlooking for a thorough presentation of real world financialsolutions. I highly recommend it."
--Barry D. Yelton, Senior Vice President and Region Manager,Federal National Payables, Inc.
"This is a valuable tool to anyone raising capital. I've seenfirsthand how the current environment is filled with dead ends forthose seeking to grow their business. Having a blueprint for theprocess will save time and resources; two things any growth companycan ill afford to spend. By looking at the process and explainingthe various components of how capital forms, the authors providenecessary insight toward a productive effort. Anyone considering acapital raise should embark on that journey with thisresource."
--Christopher Gaertner, Head of Technology Investment Banking,Managing Director, Merrill Lynch
"All principals involved in financing their growth should keep acopy of this book handy and refer to it frequently for guidance. Itprovides clear guidelines and case studies that can be used by anyof the 27 million firms in the U.S. that want to grow."
--James F. Smith, PhD, Chief Economist, Parsec FinancialManagement
"Ken Marks and team have done a great service here to topmanagement of middle-market companies, their advisors, as well asthe investment community in understanding growth financing. Thisbook is a perfect combination of being comprehensive (the glossaryalone contains over 650 terms) yet very understandable. Too badthat more books written on this subject aren't written the way thisone is."
--Bob Grabill, President and CEO, Chief Executive Network
"I am enthusiastic about this Second Edition of The Handbook ofFinancing Growth. The authors have updated chapters throughout andintroduced a very useful, 'new project leadership' tool in Chapter2. I can't imagine a more complete business financing guide. And,because of the tremendous amount of business wisdom containedherein, this book is valuable for its general business planningguidance alone. Highly recommended; a copy belongs in everyentrepreneur's library!"
--Peter Pflasterer, entrepreneur and founder, JPSCommunications, Inc.
"Considering the many financing challenges in the midst of ourglobal recession, as a leading trade association for M&Aprofessionals, we believe the new edition of The Handbook ofFinancing Growth is essential reading for any business owner,advisor, or investor. This ambitious sharing of 'hands on'experiences will surely prove to be very rewarding for any decisionmaker in the private capital marketplace today!"
--Michael R. Nall, CPA, CM & AA, and founder, Alliance ofM&A Advisors

Autoren/Hrsg.

Marks, Kenneth H.

Robbins, Larry E.

Fernandez, Gonzalo

Funkhouser, John P.

Williams, D. L.

Inhaltsverzeichnis

Foreword.
Preface.
Acknowledgments.
About the Authors.
PART I The Financing Process.
Chapter 1 Introduction.
Chapter 2 Planning and Alignment (Begin with the End inMind).
An Overview of the Planning Process.
Strategic Planning.
Updated Forecast.
Business Valuation.
Chapter 3 Acquisitions, Recapitalizations, and Exits.
Acquisitions.
Selling the Company, Creating Shareholder Liquidity.
Chapter 4 Capital Structure and Financing Strategy.
Assimilating the Drivers.
Developing Liability Limits.
Chapter 5 Sources of Capital and What to Expect.
Bootstrapping Sources and Techniques.
Individual Investors (Private Placements Not from Angels orInstitutions).
Angel Investors.
Commercial Banks.
Asset-Based Lenders.
Commercial Finance Companies.
Leasing Companies.
Private Equity.
Venture Capital Funds.
Mezzanine Funds.
Buyout Funds.
Hedge Funds.
Strategic or Industry Investors--Corporate VentureCapital.
Merchant Banks.
Community Development Initiatives and Government Agencies.
Micro-Cap Public Entities.
Royalty Financing.
Chapter 6 Equity and Debt Financings: Documentation andRegulatory Sources of Capital and What to Expect.
Basic Definition of Debt and Equity.
Debt Instruments.
Loan Documentation.
Equity Instruments.
Equity Investment Documentation.
Compliance with Securities Laws.
Chapter 7 Expert Support--The Players and TheirRoles.
Counsel.
Board of Directors.
Investment Bankers.
Accountants.
Consultants/Advisers.
Summary.
Chapter 8 Closing the Deal.
Process Check-in.
Final Perspective.
PART TWO Case Studies.
Case Study 1 Asset-Based Lender, Receivables Financing.
Case Study 2 Asset-Based Lender, High Risk Loan.
Case Study 3 Asset-Based Lender, Assignment for Benefit ofCreditors.
Case Study 4 Asset-Based Lender, Acquisition.
Case Study 5 Asset-Based Lender, Turnaround Funding.
Case Study 6 Asset-Based Lender, Growth Financing.
Case Study 7 Commercial Finance, Trade Financing.
Case Study 8 Angel Investor, Initial Funding and Sale ofCompany.
Case Study 9 Venture Capital, Early Stage Growth Equity.
Case Study 10 Royalty Financing.
Case Study 11 Venture Capital, Growth Equity.
Case Study 12 Community Development Finance, Growth Funding.
Case Study 13 Debt with Revenue Sharing.
Case Study 14 Mezzanine Investment.
Case Study 15 Private Equity, Acquisition through Exit.
Case Study 16 Private Equity, Management Buyout / PartnerExit.
Case Study 17 Private Equity, Restructuring.
Case Study 18 Private Equity, Acquisition with ManagementParticipation.
Case Study 19 Private Equity, Public to PrivateTransaction.
Case Study 20 Private Equity, Buy-and-Build Strategy.
PART THREE Financing Source Directory.
Suggested Use of the Directory Section.
APPENDIX A Corporate Finance Primer.
APPENDIX B : Financial Statements.
APPENDIX C Discount Rates.
APPENDIX D How Fast Can Your Company Afford to Grow?
APPENDIX E Notes about Start-Ups.
APPENDIX F Accounting Principles—GAAP and IFRS.
Glossary.
Notes.
Index.

Über Autor(innen)

Kenneth H. Marks is the founder and Managing Partner of HighRock Partners, Inc. He has been involved as a manager, advisor, andboard member with over two dozen emerging growth and middle-marketcompanies. Marks was a member of the Young Presidents' Organization(YPO) while growing his first company. He teaches in executiveprograms at Loyola University Chicago and North Carolina StateUniversity. Marks obtained his MBA from the Kenan-Flagler BusinessSchool at the University of North Carolina in Chapel Hill and is aCertified Merger & Acquisition Advisor.
Larry E. Robbins is a founding partner of Wyrick RobbinsYates & Ponton LLP, a premier law firm located in NorthCarolina. He is a leading attorney in North Carolina middle-marketfinancing and M&A transactions. Robbins received his BA, MBA,and JD from the University of North Carolina at Chapel Hill. He wasalso a Morehead Scholar at UNC.
Gonzalo Fernández is a partner with High RockPartners, Inc. and a retired vice president and controller of ITT'stelecom business in Raleigh, North Carolina. He received a BA inaccounting from Havana University, Cuba, and wrote the book,Estados Financieros (Financial Statements, ThirdEdition).
John P. Funkhouser has been a partner with two venturecapital funds and operated as chief executive officer of fourcompanies in a variety of industries. He worked in commercialbanking with Chemical Bank of New York, in investment banking withWheat First Securities, Inc., and in venture capital with HillcrestGroup. Funkhouser has an undergraduate degree from PrincetonUniversity and an MBA from the University of Virginia, GraduateSchool of Business.
D.L. Williams is a managing partner of High RockPartners, Inc. As a CEO for over twenty-five years, he led threeglobal manufacturing/technology companies through majortransitions--two of which he led the buyout of, working withprivate equity firms. As an advisor, he has worked with companiesin numerous industries on growth, operational, and turnaroundstrategies to create value and implement change. Williams obtainedhis MBA from the Kenan-Flagler Business School at the University ofNorth Carolina in Chapel Hill.