Mirus Capital AdvisorsMirus Capital Advisors

May 2010

Thursday, May 27, 2010

What’s the difference between “Middle Market” and “ABL”?

For most banks and finance companies with more than $1 billion in assets, commercial lending is typically segmented into Large Corporate, Middle Market, and Business Banking. “Middle Market” and these other segments are generally understood to describe a type of borrower, whereas “ABL” (asset based lending) refers to a type of loan.

Wednesday, May 26, 2010

New England Venture Capital Activity up 23%

There were 90 venture capital fundings in New England in Q1 2010, according to the PwC/NVCA MoneyTree™ Report based on data from Thomson Reuters. That represents a 23% increase over the same quarter in 2009. The recently published report details venture capital activity nationally for Q1 2010, as well as 2009 and prior years.

Monday, May 24, 2010

Cash Flow Lending in Massachusetts

Cash flow lenders have become harder to find in recent years, but for credit-worthy borrowers with stable cash flow from operations, there is still money to be had.

Friday, May 21, 2010

PEGs bring new life (and capital) to Commercial Lenders

Two commercial finance companies focused on lending to small and middle-market companies received new capital investment from private equity firms in May.

Thursday, May 13, 2010

Cooley LLP Presents Report on Venture Financings in Q1 2010

In their most recent survey of venture capital financing transactions, the law firm of Cooley LLP notes that pre-money valuations were up in Q1, and there was a material increase in the number of financings with pre-money valuations north of $100 million.

Tuesday, May 11, 2010

Due Diligence Self Assessment

You only get one chance to make a first impression, so don’t make the mistake of providing a potential buyer with information about your business until you have (at least) taken this self-assessment to determine whether or not you need professional help…

Friday, May 07, 2010

PWC Survey Says Lots of Middle-Market Dealflow on the Way

(Posted in Private Equity Professional Digest) As the economy continues to recover most CEOs interviewed for PricewaterhouseCoopers’ Private Company Trendsetter Barometer survey have plans to monetize the value of their business, many of which are developing plans to exit their businesses over the next 5 years.

Thursday, May 06, 2010

Bernanke Sees `Reasons for Optimism’ on Bank Lending (Bloomberg)

Fed Chairman Ben Bernanke, speaking this morning at an event in Chicago, said “Although bank credit remains tight, I see some reasons for optimism. The economy is recovering, and banks’ senior loan officers expect a “modest reduction in their troubled loans” over the next year, outside of commercial real estate.”