Archive for April 2009

Senior Debt vs. Subordinated Debt

This post describes the difference between Senior Debt and Subordinated Debt.
Senior debt refers to debt that is in first-lien position. In the event of a default and subsequent liquidation, the senior lender (often a commercial bank), has first priority in recouping its investment. When a company goes bankrupt, stake holders divide the proceeds from selling [...]

Corporate Finance Firms - Bulge Bracket, Middle-Market or Business Broker

Corporate finance advisory firms may be broadly classified  into three main categories:

Bulge Bracket
Middle Market
Business Broker

Although there is no strict metric for these classifications, Private Equity Info segregates the firms by the enterprise value of the firms’ typical clients as follows:

Bulge-bracket investment banks generally represents clients with transaction values in excess of $50 million (unless there [...]