Stephen Lacey is US Editor for International Financing Review, helping to oversee editorial content across the region. He has particular expertise in coverage of the equity capital markets – IPOs, follow-on stock sales, and equity-linked securities – spanning the entire corporate life cycle, from venture and private equity to entry and maturation in the public markets.
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Burger King has been a cash cow for Brazilian private equity firm 3G Capital and its fellow investors, and now things are getting even tastier.
West Texas oil production reserves are scarce and expensive, as was shown again when Oasis Petroleum paid up to get into the heart of the Permian Basin with its acquisition of Forge Energy.
Continued low interest rates and liquidity in the straight debt market continue to stifle equity-linked. Competitive cost of capital requires not only more aggressive upfront pricing, but a holistic approach incorporating equity derivatives to enhance economics for issuers. Morgan Stanley met that challenge and is IFR’s Americas Structured Equity House of the Year.