The Poison Pill+ White Knight: Can This Hostile Takeover Strategy Be Applied in Nigeria?
A Practical Guide for Boards, Investors and Deal Advisers in Nigeria Most Nigerian boards have never faced a hostile takeover. That is changing, and the playbook for responding has not yet been written. Hostile takeovers represent one of the most intense struggles in mergers and acquisitions (M&A), and they are not just reserved for the […]
The Trap Door Strategy: How J. Crew Moved Its Crown Jewel Out of Lenders’ Reach
The Trap Door Strategy: How J. Crew Moved Its Crown Jewel Out of Lenders’ Reach Introduction When structuring a facility in leveraged finance, it is important to bear in mind that a lender’s protection is only as strong as the loopholes in the financing agreement. Sometime in 2016, an American clothing retailer, J Crew Group […]
How Much Debt is Too Much Debt? Leveraging in Finance
You have likely heard the saying, “the rich keep getting richer.” One of the reasons often attributed to this is their ability to access debt easily and use borrowed capital to expand their businesses and investments efficiently. In the world of finance, debt is not merely an obligation; it is a strategic business tool. When […]
