Debt Covenant Breach: Case Study of Two Real Companies
Debt covenant breach in M&A is rising and matters for deal execution and post-close value. I’ve watched 2025 tighten capital… Read More »Debt Covenant Breach: Case Study of Two Real Companies
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Preferred Equity in M&A: A 2-Company Case Study
The last 12 months clarified why preferred equity moved from niche to core in PE-led M&A. In 2025, private equity-backed… Read More »Preferred Equity in M&A: A 2-Company Case Study
Subordinated Debt in M&A: Case Study 2 Firms
Subordinated debt in M&A isn’t a footnote. It has become a core tool for risk allocation, balance sheet shaping, and… Read More »Subordinated Debt in M&A: Case Study 2 Firms
Completion Accounts in M&A: Case Study of 2024-25 Deals
A few days ago I asked a client whether they preferred completion accounts or locked box, and the answer came… Read More »Completion Accounts in M&A: Case Study of 2024-25 Deals
Holdback Provisions in M&A: Case Study (Company A vs Company B)
Holdback provisions in M&A are standard. They are tools buyers use to guard against post-closing surprises and are widely used… Read More »Holdback Provisions in M&A: Case Study (Company A vs Company B)
Reverse Break-Up Fees: Case Study Comparison (Real Companies)
Reverse breakup fees have shifted from a niche protection tool to a standard feature in many deals, and today’s numbers… Read More »Reverse Break-Up Fees: Case Study Comparison (Real Companies)
Earn-out Case Study: M&A Deal Between Real Companies
You will see how earn-outs work in private M&A, not the hype. Earn-outs are a bridge, not a wand, and… Read More »Earn-out Case Study: M&A Deal Between Real Companies
MAC Clause in M&A: Case Study of Two Real Firms
MAC (Material Adverse Change clause (in M&A)) clauses in M&A are decisions you make up front to protect price and… Read More »MAC Clause in M&A: Case Study of Two Real Firms