PIPEs : a guide to private investments in public equity / edited by Steven Dresner with E. Kurt Kim.

Format:

Book

Contributor:

Dresner, Steven, 1970-

Kim, E. Kurt, 1968-

Language:

English

Subjects (All):

Private investments in public equity--United States.

Private investments in public equity.

Corporations--United States--Finance.

Corporations.

Corporations--Finance.

Finance.

United States.

Physical Description:

xviii, 368 pages : illustrations ; 24 cm

Edition:

First edition.

Other Title:

Guide to private investments in public equity

Place of Publication:

Princeton, N.J. : Bloomberg Press, [2003]

Summary:

The use of PIPEs as a means for public companies to raise capital has grown considerably over the past decade. A PIPE, or private investment in public equity, was once a little-understood strategy used by relatively few companies and investors. Today these privately negotiated transactions offer a practical (and in many cases, preferred) financing alternative for companies, regardless of their size or sector. They also present opportunity for investors and advisers who know how to identify and execute viable PIPE transactions. Here at last is the definitive guide to PIPEs, presenting the views, voices, and invaluable expertise of leading practitioners from all specialties in the field. The book is divided into three parts: "The Business of PIPEs," which provides a historical backdrop and overview; "Regulatory Landscape and Structural Alternatives," which details the legal framework and transaction structures; and "Deal Flow," which offers the investor's perspective on assessing and investing in deals. Thorough discussions, ranging from the origins of the marketplace to deal structures, from legal considerations to due diligence, and from finding opportunities to trading strategies, provide a rich perspective on the inner workings of this active area of the private equity market. Institutional investors, financial analysts, investment bankers, corporate and securities attorneys, executives of public companies, and even the sophisticated investor will find substantial value in the pages of this book.

Contents:

Overview : an emerging market / Richard E. Gormley and David W. Stadinski

The marketplace : a statistical summary / E. Kurt Kim

Structured PIPEs : a historical perspective / James F. O'Brien, Jr.

The players : issuers, investors and agents / Steven Dresner

The Law : legal and regulatory framework / James R. Tanenbaum and Anna T. Pinedo

Fundamental PIPEs : typical structures and transactions / Eleazer Klein

Registered PIPEs : registered direct transactions / Joseph Smith

Investing in PIPEs : finding opportunity and evaluating the deal / Lawrence Goldfarb

Managing risk : deal structures and trading strategies / Steven Winters

PIPE Dreams and realities : a venture capitalist looks at the marketplace / Daniel Burstein

Case studies in fundamental PIPE Investing : a merchant banker's perspective / Keith M. Rosenbloom

Due diligence : caveat emptor squared / Stewart R. Flink

Afterword : What's next in the PIPEs market / Monty Cerf.

Notes:

Includes index.

ISBN:

1576601404

9781576601402

OCLC:

52197384