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Multiplying
opportunities for the business owner
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Private
equity plays a fundamental role in today’s economic landscape. The
number of players in this field has grown considerably in recent
years, offering the business owner numerous opportunities:
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Financing
an innovative project: Risk
Capital (Venture Capital)
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Financing
a business development project: Development Capital
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Financing
a business in trouble: Turnaround Capital
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Sale-transmission
of ownership: LBO
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Disposal
opportunities have also developed substantially as a growing number
of businesses adopt active external growth strategies. Improved
access to equity financing (Private equity, New stock market
compartments) has led to a corresponding increase in the number of
companies looking for suitable acquisitions.
Dealing
with the increasing complexity of transactions
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The
engineering that underpins equity
and debt financing transactions
has become much more complex in the last ten years. There are stock
swap acquisitions, earn-outs, international mergers, increasingly
sophisticated valuation methods, etc. Practitioners are constantly
refining the structure of deals to respond to the constraints of the
transacting parties.
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The
transaction process that results from business practice is becoming
more and more structured. As the practice of negotiating preliminary
agreements (such as letters of intent and term sheets) has become
more widespread, the production of documentation has also grown. In
a word, conducting a transaction from start to finish now eats up a
lot of time.
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The
number of possible counterparties to a transaction has also
multiplied, to such an extent that the placement of a client’s
project requires significant intermediation
(brokering)
skills coupled with extensive and continuously evolving knowledge of
the practices and strategies employed by these players.
The
need for targeted and timely advice
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Companies
in the mid-market range, whose transactions have become just as
complex as those involving larger corporations, deserve the same
high level of service. These transactions are of major importance
for the business, and they require a sophisticated level of advisory
capability.
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The
vocation of Financière Cambon is to offer the services of a
specialist, combining technical acumen and intermediation
(brokering) skills that are fully adapted to the unique needs of
mid-market businesses.
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