Mezzanine financing : tools, applications and total performance /

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"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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Nijs, Luc
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Chichester : John Wiley & Sons, [2013]
Colección:The Wiley finance series
Temas:
Finance > Management.
Risk management.
Finance > Law and legislation.
Risk Management
Finances > Gestion.
Gestion du risque.
risk management.
BUSINESS & ECONOMICS > Finance.
Finance > Law and legislation
Finance > Management
Risk management
Acceso en línea:Texto completo
Texto completo
Tabla de Contenidos:
  • 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 model) theory3.2.4 The capital asset pricing model; 3.3 Equity Risk Versus the Risk of Borrowing: Default Risk and the Cost of Debt; 3.3.1 What are the drivers behind default risk?; 3.3.2 The risk-free rate; 3.4 Putting It All Together; 3.5 How Much Risk is There in a Mezzanine Product?; 3.6 Cost Versus Return Dynamics for Mezzanine Products; 4 The 'Pricing' Question and Further Financial Dynamics of Convertible Loans and Preferred Convertible Shares; 4.1 Pricing Grid for Mezzanine Products.
  • 4.2 Financial Dynamics of Convertibility in Convertible Loans and Preferred Convertible Shares4.2.1 Convertible bonds; 4.2.2 Convertible preferred stock (CPS); 4.2.3 Valuation and pricing of (embedded) options; 4.3 Case Study: JJ Bars & Restaurants
  • Mezzanine for Expansion; 4.3.1 Europewide Capital Partners; 4.3.2 The Dutch and European restaurant industry; 4.3.3 Industry segments; 4.3.4 JJ Bars & Restaurants; 4.3.5 Datasets; 4.3.6 Questions: JJ Bars & Restaurants; 5 The Mezzanine Product Group and the Financial Industry; 5.1 The Basel Committee and Framework.
  • 5.2 The Evolution of the Basel Rules (Basel I and II)5.2.1 The first pillar; 5.2.2 The second pillar; 5.2.3 The third pillar; 5.2.4 Capital definitions under Basel II; 5.3 Objectives of Basel III and the Central Themes; 5.3.1 Capital definitions under Basel III; 5.4 Impact on the Use of Mezzanine Products in the Financial Sector; 5.5 Regulation in the Insurance Sector Impacting the Use of Mezzanine Products; 5.5.1 Solvency II; 5.5.2 Regulated capital under Solvency II; 5.6 CoCo Bonds
  • Contingent Convertible Bonds; 5.6.1 Outlook for the product; 5.7 Annex I
  • Summary Basel III.
  • 5.8 Annex II
  • Basel III
  • Specific Features.

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