
Title | : | Structured Finance: Leveraged Buyouts, Project Finance, Asset Finance and Securitization |
Author | : | |
Rating | : | |
ISBN | : | - |
Format Type | : | Kindle , Hardcover , Paperback , Audiobook & More |
Number of Pages | : | - |
Structured Finance: Leveraged Buyouts, Project Finance, Asset Finance and Securitization Reviews
-
Being a senior finance professional active mostly in real estate, I needed a bit of a refresher on securitization and other forms of structured finance. This book exceeded my expectations. Despite being relatively short compared to academic iterations published by Wiley, it did the trick and provided an excellent recap. I found the chapters about securitization and private equity (LBOs) particularly illuminating. You can tell the author was/is an investment banker and not some sun starved academic hiding in his ivory tower; he described structures with such a practical approach that it shines through he has been involved with many of these deals himself. I found it helfpul that he also described key documents and processes associated with these transactions. The illustrative examples such as Milken's high yield bonds, the funding of the Eiffel tower or David Bowie's securitized rights were instructive and also made for interesting reading. Going deeper into aspects of these forms of structure finance obviously requires reads, but it still remarkably good as a primer and/or general introduction.
-
Isolating assets from the whole company makes it safer to finance through debt. Examples are aircraft, intellectual property, songs etc. It is also a safer way to raise leverage on entire companies. The examples in this book are right up to date and also have a European flavor.