The opportunity to participate in the equity of a PE-backed business is potentially life changing for a CFO, presenting the genuine prospect of a substantial and relatively short-term capital gain. But, there is no such thing as a free lunch so what, precisely, do private equity firms expect of their portfolio company CFOs and how long are they given to prove themselves?
The UK recruitment industry looks set for an exciting period as continued economic improvement coincides with the ease of lockdown measures. M&A activity started to increase in the concluding months of 2020, with 10 deals being reported in the last quarter.
HMT Director Ricky Lane recently hosted a live webinar on value drivers within the e-commerce fulfilment sector and how recent events have impacted this space over the past 12 months. Below is the summary of the main takeways from this webinar.
The acquisition price for a business is typically agreed on a “debt and cash free basis”, whereby the headline price or “Enterprise Value” is adjusted upwards or downwards for net cash or net debt in the business. This adjustment can have a significant impact on the final acquisition price.
HMT LLP advised fulfilment solutions provider Diamond Logistics on their multi-million pound fundraise with growth capital and venture debt provider Boost & Co.