Mirus Capital AdvisorsMirus Capital Advisors

Tuesday, February 21, 2012

Private Equity Exits were down in 2011. PEGs are holding investments longer.

A recent study by Pitchbook and Grant Thornton has discovered that Private Equity groups are holding on to their investments for longer, 4.8 years is the median “hold” time as discussed in “Private Equity Exits Report: 2012 Annual Edition”.

Tuesday, April 05, 2011

Leveraged Loans for Take-Overs and LBOs are Back

Banks have again started to provide large bridge financings for deals, and in some case keep all of the lending business for themselves rather than spread the risk over a syndicate, an indication of just how competitive the world of corporate and commercial lending is becoming. Take for example the JPMorganChase $20 billion unsecured bridge loan to fund AT&T’s $39 billion purchase of T-Mobile USA from Deutsche Telekom.

Wednesday, June 16, 2010

Observations on the state of middle-market lending, June 2010

On June 9th, my partners and I met with more than twenty private equity firms at the ACG Boston Dealsource event. The program gave us a unique opportunity to talk in depth about the leveraged buy-outs that are getting done, the debt financing available for these transactions, and the impact of liquidity – or a lack thereof, on financial sponsors.

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.

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.

Wednesday, May 05, 2010

Recapitalization: When does it make sense for your business?

For a business to “recapitalize” there must be some transaction where new capital comes into the business. Businesses recapitalize for many different reasons, including liquidity for shareholders, expansion capital, or repayment of debt.

Tuesday, April 27, 2010

SBICs in New England

A complete list of the licensed SBICs in New England, updated in April 2010, including contact information, web address and a description of the types of investments made by the firm.