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2013 General News

General News - 2013


Chris Petrossian, Managing Director and Head of the Los Angeles Office at Lincoln International, was named to the 2013 Los Angeles Business Journal’s “Most Influential M&A Advisors” list that recognizes the best mergers and acquisitions advisors in the Los Angeles region.

Lincoln International, a leading global mid-market investment bank, has announced that Svante Adde has joined the firm as Senior Adviser for the Nordic region. Mr. Adde will support Lincoln's Nordic team, which is based in London, in further developing business in the region.

Lincoln International, a leading global mid-market investment bank, announced today that Damon McLaren has joined the firm as a Director in its Financial Sponsors Group. Based in Lincoln International’s Los Angeles office, Damon will be responsible for strengthening the firm's relationships with financial sponsors on the West Coast. He will work closely with the firm’s industry and product bankers to provide M&A, capital raising, restructuring and valuation and opinion services. Lincoln International has completed over 300 transactions globally over the past three years, many on behalf of financial sponsor clients.

Lincoln International, a leading independent global mid-market investment bank, announced today that it has hired Aamit Joshi as a Managing Director in its Mumbai office. Mr. Joshi will focus on the origination and execution of merger and acquisition transactions in the consumer and chemicals sectors. Mr. Joshi will work closely with the respective global teams to build the Lincoln International franchise in these industry verticals.

Lincoln International, a leading global mid-market investment bank, announced today that it has expanded its São Paulo office with the acquisition of the financial advisory division of Stratus Group. After opening the São Paulo office in September 2012, this acquisition brings the total number of Lincoln International investment bankers to 10 in São Paulo, marking another important step in Lincoln’s global expansion. The expanded staff enables Lincoln International to offer informed, customized, and value-added M&A and strategic advisory services to an even broader range of clients in the Brazilian and Latin American markets. With an investment banking team approaching 300 professionals globally, Lincoln International has established a strong presence in the key global economies, with fourteen offices worldwide.

Lincoln International, a leading, global mid-market investment bank, announced today an expansion into Italy with the acquisition of the majority of the advisory unit of Rondelli Advisers (“Rondelli Advisers”), an M&A advisory firm based in Milan, Italy. Saverio Rondelli, Managing Director, has been appointed CEO for Lincoln in Italy and will lead the new office (“Lincoln-Italy”). Mr. Rondelli will be supported by a team of six other investment bankers. Occurring immediately after Lincoln International’s acquisition of an M&A advisory team in Brazil earlier this month, the firm’s expansion into the Italian market represents another significant addition for Lincoln International’s global footprint. With more than 300 investment bankers globally, Lincoln International is established with a strong presence in the key global economies, now with 15 offices in 13 countries in Asia, Europe, North and South America.

Lincoln International, a leading global, mid-market investment bank, announced today that Alexander W. Stevenson has joined the firm as a Managing Director in the Restructuring and Special Situations Group. He will be based in Lincoln International’s Los Angeles office.

Over the past decade, the market for second lien loans has experienced a roller coaster ride. Second lien loans were used sparingly in the late 1990s, primarily as small bridge loans with annual volumes of approximately $300 million, but by 2007, the market had grown exponentially with more than $30 billion issued. Supply was robust as private equity firms used second lien debt to finance leveraged buyouts due to its greater flexibility and better pricing relative to mezzanine products and high yield debt. This increased supply was devoured by a variety of debt purchasers including hedge funds, business development companies, CLOs and others attracted to the additional yield provided by second lien loans. Average bids of second lien loans hovered between 95 and 102 until the end of 2007, indicating that the market was quite comfortable with the pricing of the loans and the collateral backing the loans.

Lincoln International, a leading global, mid-market investment bank, announced today that it has strengthened its healthcare investment banking practice with the addition of Barry Freeman as Managing Director. Since the launch of its healthcare group in 2010, Lincoln International’s global healthcare team has grown to over 25 professionals worldwide. Lincoln International’s Global Healthcare Group, one of the largest in the middle-market, focuses on serving companies in the following sectors: provider services, medical devices and products, diagnostics and research tools, contract services and process outsourcing.

February 1, 2013 Tokyo - Lincoln International, a leading global mid-market investment bank, has announced Kumio Tomonaga and Chiaki Hirota, two of the leading analysts in the retail sector, have joined its Tokyo office as Senior Advisors. This appointment reflects Lincoln International’s efforts to provide value-added strategic advisory services to the retail sector, where M&A activity is expected to increase to drive both domestic consolidation and international expansion. The addition brings the total number of Lincoln International staff in Japan to 15.

Lincoln International, a leading global, mid-market investment bank, today announced the promotions of Jeffrey Corum, Saurin Mehta, and Lucien Webb to Managing Director, effective immediately. These promotions further expand the firm’s capabilities across several key industry groups.

With valuation multiples high and financing generally available, the M&A market for middle market companies and assets, including distressed assets, has been relatively active lately. Notwithstanding the current markets, though, the sale of the assets of a financially distressed company is always fraught with difficult issues. What if the sale proceeds are insufficient to cover the funded debt? How do you handle obligations to lessors – particularly on unprofitable locations? What about litigation or environmental claims? Luckily, albeit expensively, the market has developed a tried and true method to deal with the issues inherent to sales of financially distressed assets: bankruptcy.

Lincoln International, a leading global mid-market investment bank, today announced the opening of its Beijing office. As part of this expansion, Joe Chang has joined Lincoln International as Managing Director and CEO of Lincoln International in China (“Lincoln-China”). Joe joins Lincoln International from Morgan Stanley, where he was a Managing Director and Head of Investment Banking of Morgan Stanley Huaxin Securities. Lincoln International now has 14 offices worldwide, including 11 in the top nine global economies ranked by GDP. With the opening of its Beijing office, Lincoln International now has offices in all of the BRIC countries.

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