Archive

Technical Lesson

Jun 14, 2024

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14 min read

What is Synthetic PIK?

The evolution of the private credit industry, the creation of the synthetic PIK, and the implications of this “creative” financing structure

Other

The Holy Grail - Permanent Capital Vehicles

Jun 7, 2024

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6 min read

The Holy Grail - Permanent Capital Vehicles

Diving into the evolving relationship between the limited and general partners and the shift toward permanent capital vehicles

Tech, Media & Telecom

May 31, 2024

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3 min read

Intelsat - an Interstellar Chapter 11

Covering the downfall, failed merger, and restructuring of this major satellite operator

Tech, Media & Telecom

May 24, 2024

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4 min read

Duolingo Deep Dive

Duolingo has captured the attention of language learners and business enthusiasts worldwide, consistently ranking as the top education app and impressing with strategic financial and growth-oriented decisions

Other

May 17, 2024

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6 min read

Terry Smith, England's Warren Buffet

Exploring Terry Smith's investing legacy, including his $45bn equity fund and personal publications

Other

May 10, 2024

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4 min read

Sale Leasebacks

A sale-leaseback is an arrangement in which a company sells an asset, which it then leases back from the purchaser

Consumer & Retail

The Party That Never Fizzled Out: The Double Restructuring of Party City Holdco

May 3, 2024

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6 min read

The Party That Never Fizzled Out: The Double Restructuring of Party City Holdco

Is this a case of good company with a bad capital structure?

Apr 26, 2024

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7 min read

Dino Polska Deep Dive

Engaging investing lessons from this exciting European retailer and a resurgence story you do not want to miss

Other

Apr 19, 2024

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6 min read

The Art of Investing in Banks

Good banks are not necessarily good investments and bad banks are not necessarily bad investments. - Aswath Damodaran

Technical Lesson

Apr 12, 2024

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2 min read

Forum Shopping

A technical explanation of this peculiar but must-know restructuring topic

Deep Dives

Apr 5, 2024

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7 min read

The Implosion of Voyager Digital

I think the market looks completely different today from what it looked like in 2017. We all remember 2017.

Healthcare

Mar 29, 2024

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5 min read

Danaher Corporation Deep Dive

If you bought Danaher stock in 1984, you would have returned 192,208%

Other

Mar 22, 2024

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3 min read

Lessons From Market Crises

Detailing the three types of market crises: (1) The Market Bubble, (2) The Financial Crisis, and (3) The Macroeconomic Trigger

Technical Lesson

Mar 15, 2024

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3 min read

Class Gerrymandering

Understanding the concept and various cases that have set a precedent for class gerrymandering in bankruptcy courts

Industrials

Celsa Group: A Case Study in Spanish Restructuring

Mar 8, 2024

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4 min read

Celsa Group: A Case Study in Spanish Restructuring

What is Celsa? And how did they end up giving the keys to creditors? Why should we care? To understand the intricate workings of one of Europe’s most high-profile restructurings in the past decade, we must first learn more about the company at the center of this dispute.

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What is Synthetic PIK?

The Holy Grail - Permanent Capital Vehicles

Intelsat - an Interstellar Chapter 11

Duolingo Deep Dive

Terry Smith, England's Warren Buffet

Sale Leasebacks

The Party That Never Fizzled Out: The Double Restructuring of Party City Holdco

Dino Polska Deep Dive

The Art of Investing in Banks

Forum Shopping

The Implosion of Voyager Digital

Danaher Corporation Deep Dive

Lessons From Market Crises

Class Gerrymandering

Celsa Group: A Case Study in Spanish Restructuring

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