Distort Valuations, Lose Your Investors.
Distort Valuations, Lose Your Investors. Recently, the Securities and Exchange Commission announced that Equinox Fund Management LLC (“Equinox”), a Denver-based alternative fund manager, agreed to settle charges that the firm willfully violated Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933, and caused its managed futures fund, The Frontier Fund (“TFF”), to violate Section […]
Industry Updates are Available for Q4 2015
Houlihan Capital provides Quarterly Updates on the following industries as of December 31, 2015. Information includes valuation metrics, performance data and M&A Activity. Click on the following links below to access reports for the following industries: Aerospace, Defense & Government Asset Management Banking Building Products Business Development Companies Business Services Consumer Products Containers, Packaging and […]
As Dividend Recaps Decline, Investors Look Elsewhere.
As Dividend Recaps Decline, Investors Look Elsewhere. President Andrew Smith was quoted in Mergers & Acquisitions January 13, 2016 in connection with Dividend Recaps. [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”Total_Plus_Team”][/siteorigin_widget]
Understanding Valuations of Unicorns
When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a start-up technology company that had achieved a valuation exceeding $1 billion, it was a fitting description of an exceptionally rare phenomenon. Today, in the middle of what some industry veterans are describing as a second tech bubble, unicorns […]
Why Valuations Matter to Lenders
Why Valuations Matter to Lenders On March 22, 2013, bank regulators consisting of the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the “agencies”) jointly issued final guidance[1] on leveraged lending. Ostensibly, the goal of the guidance was “to assist […]