Book description
Private investments in public equity (PIPEs) offer a practical financing alternative for companies seeking capital and a unique asset for investors. For practitioners who know how to identify and execute transactions, PIPEs present a growing opportunity.
This revised and updated guide presents 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 negotiating deals.
With detailed discussions, ranging from the origins of the marketplace and deal structures to legal considerations and due diligence, and from finding new opportunities to trading strategies, this book provides a clear window to the inner workings of this active area of the small-cap market. Investors, financial analysts, investment bankers, corporate and securities attorneys, and executives of public companies will find substantial value in the pages of this book.
Table of contents
- Epigraph
- Praise
- Title Page
- Copyright Page
- Dedication
- ABOUT THE EDITORS
- ABOUT THE CONTRIBUTORS
- Acknowledgments
- Introduction
-
PART ONE - THE BUSINESS OF PIPES
- CHAPTER 1 - Overview An Emerging Market
-
CHAPTER 2 - The Marketplace A Statistical Summary
- The Size and Shape of the PIPEs Market
- Public Corporations (the “Issuers”)
- Investment Managers and Funds (the “Investors”)
- Investment Banks and Placement Agents (the “Agents”)
- Security Types
- Industry Sectors
- Price Types
- Downside Protection Versus Price Protection
- Enhanced Redemption Rights and Antidilution Protection
- Outlook
- CHAPTER 3 - A Historical Perspective The Bubble, Converts, and the Birth of Structured PIPEs
- CHAPTER 4 - The Players Issuers, Investors, Agents, and Regulators
- PART TWO - REGULATORY LANDSCAPE AND STRUCTURAL ALTERNATIVES
- PART THREE - DEAL FLOW
- AFTERWORD
- GLOSSARY
- INDEX
- ABOUT BLOOMBERG
Product information
- Title: PIPEs: A Guide to Private Investments in Public Equity: Revised and Updated Edition
- Author(s):
- Release date: November 2005
- Publisher(s): Bloomberg Press
- ISBN: 9781576601945
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