Finance

The end of free market principles

For years, practitioners in the industry have understood, accepted and have been taught that equity holders stand behind debt holders...

Fair value vs high value

Curating and designing the short-term narrative towards a high value sometimes comes at a cost.

No such thing as fair value

I always have had interesting conversations around the assumption and concept of terminal value (TV) in my valuation and financial...

Numbers and the narrative

Whenever I approached the close of my financial modelling course, I always did a simple roll-call to call for feedback from everyone in...

The rates curve has gone crazy

So, none of this makes sense anymore. For a long time, offshore financing - which was predominantly priced off the LIBOR or overnight...

If both sides are motivated to get the deal done…

Many years ago, after completing a USD 2 billion cross-border deal, I was invited to share some of my takeaways (confidentially of...

Policy error?

If the Central Banks got it wrong on monetary policy, can we also assume that the valuation models that we have done and relied on for...

Risk taking

Bankers and financial professionals try to measure risk and returns using all kinds of academic and empirical bases - NPVs, IRRs,...

So you want to raise a fund (Part 4/4) - The fundraising process

[This is the final article in a 4-part series of articles on fundraising] Roadshows Formal investor roadshows work well with large and...

So you want to raise a fund (Part 3/4)

Structuring and Licensing [This is the third article in a 4-part series on fundraising] Read the previous chapter on fund strategy. If...

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