Advising in Mergers, Acquisitions, and Financial Restructuring Advising

Investment banks are active in mergers and acquisitions (M&A), leveraged buyouts (LBOs), restructuring and recapitalization of companies, and reorganization of bankrupt and troubled companies. They do so in one or more of the following ways: (1) identifying candidates for a merger or acquisition, M&A candidates; (2) advising the board of directors of acquiring companies or target companies regarding price and non-price terms for an exchange; (3) assisting companies that are the target of an acquisition to fend off an unfriendly takeover attempt; (4) helping acquiring companies to obtain the needed funds to complete an acquisition; and (5) providing a “fairness opinion” to the board of directors regarding a proposed merger, acquisition, or sale of assets.