Title: The Handbook of Financing Growth: Strategies, Capital Structure, and M&A Transactions / Edition 2
Author: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D.L. Williams
Over the past two decades, access to capital for emerging growthand middle-market companies—firms with revenues ranging fromzero to $500 million—has fluctuated based on broad stockmarket performance and the liquidity or tightness of the creditmarkets. Today, despite the current economic turbulence, there isarguably the greatest amount of capital ever focused on emerginggrowth and middle-market companies. But the hurdles to accessingthis capital have never been higher. The Second Edition of The Handbook of Financing Growthhas been designed to help leaders and advisors gain a solidunderstanding of the financing strategies, sources, andtransactions that will allow them to excel in such an unpredictableenvironment. Written by an experienced group of practitioners who operatewithin this dynamic market—and fully updated to reflect newmarket realities—this reliable resource outlines the fullspectrum of funding alternatives currently available to emerginggrowth and middle-market companies and presents the practicalstrategies and techniques you need to be aware of when consideringthe capitalization, growth, or sale of your, or your client’s,company. New material found in this Second Edition includesdetailed discussions of positioning a business for value creationbefore the transaction and how your financing strategy fits intothe overall plan for growing and raising capital as well ascreating an exit. Among various techniques, the authors addressbuyouts and recapitalizations as two alternatives to createshareholder liquidity and potentially finance future growth. A newchapter on M&A addresses the acquisition process and how tofund acquisitions and external growth initiatives, while additionalcase studies highlight bank financing alternatives and growthequity. In recent years, the capital markets for emerging growth andmiddle-market companies have quickly evolved. This practical guidewill help you adapt to the changes and put you in a better positionto succeed in building your business and creating value.