Today’s investment bankers play a very powerful role in the market and have transitioned to asking lenders to consummate financings based on adjustments to EBITDA rather than actual EBITDA, which presents real challenges for lenders across all markets. Charlie Perer, co-founder and head of originations at SG Credit Partners, compares today’s “adjusted” world to that of titular sci-fi flick “The Adjustment Bureau” as he spells out what shifting lines in the sand mean for the specialty finance industry.
Matrix Capital Markets Group, an independent investment bank, promoted Matt C. Oldhouser, CPA, to an associate role. Oldhouser has been a member of Matrix’s consumer and industrial investment banking group since 2019.
Bank of America reported net income of $2.6 billion for the first quarter of 2013, up from $653 million in the same quarter one-year ago. Revenue, net of interest expense, rose 5% to $23.7 billion.
Redwood Capital Group and LD&A Jupiter announced the creation of a joint venture that will provided cross-Atlantic M&A and corporate finance advisory services to middle-market technology, media and telecommunications companies.