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Current regulation governing acquisition financing
Petrů, Jan ; Kohajda, Michael (advisor) ; Sejkora, Tomáš (referee)
Current regulation governing acquisition financing Abstract The thesis deals with financing of share deal acquisition operations. The first chapter points out idiosyncrasies of acquisition operations, providing context for the rest of the thesis. The second chapter deals with loan financing, one of the two financing methods described. The chapter starts off with Czech Civil Code's rules governing loans and goes on to provide an overview of stipulations used in corporate banking practice, including the usual arrangement of rights and obligations of lenders and borrower in case of syndicated loans. A subchapter about credit risk rounds off the second chapter. Not restricted to public law regulation, it describes derivatives used to hedge against credit risk and touches upon the influence of regulation on cost of loan financing. The third chapter is about bond financing. It offers a robust overview of Czech rules governing bonds as nominate debt securities and their issue. The consequent subchapter on placement of bonds handled by an investment firm serves as an equivalent of the banking practice- focused subchapter. Subjects that perform various tasks after placement in order to simplify the administration of a given issue are a topic which completes the third chapter. The conclusion of the thesis sets out...
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Legal Aspects of Corporate Acquisitions
Korger, Matěj ; Kohajda, Michael (advisor) ; Sejkora, Tomáš (referee)
Legal Aspects of Corporate Acquisitions The aim of the diploma thesis is to provide an analysis of significant economic and legal aspects of mergers and acquisitions in the Czech Republic, as well as to point out some specifics of the Czech market and describe loan acquisition financing in terms of financial law. The theoretical findings are then applied to a specific acquisition, which is still ongoing in 2020. The theoretical part of the thesis is divided into two sections. In the first, the thesis focuses on the analysis of growth strategies of companies that can be implemented in the current conditions of the market economy. Strategies are described here and then compared with one another. This part of the thesis also contains a comparison of the concepts of mergers and acquisitions, as they are often confused in practice. Here, the thesis also lists the typologies of both mergers and acquisitions that are commonly used. The second section of the theoretical part of the thesis provides an introduction to loan acquisition financing and the so-called leveraged buyout. The thesis outlines the method of loan acquisition financing together with some findings of financial theory regarding loan as such and loan law. On the contrary, the practical part of the thesis is conceived somewhat differently,...
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Corporate Financing and Acquisition
Jeřábková, Zuzana ; Dvořák, Jiří (advisor) ; Dvořáček, Martin (referee)
The work deals with the acquisition financing, introduced us to the definition of terms of acquisition, acquisition finance and corporate loans. The corporate loan is used as a standard here. The work describes the characteristics of acquisition and operational(corporate) funding, and practical part of these two types of loans compares to bring practical knowledge about the differences in the structure, objectives and purpose of the acquisition loan. All this comparison is done on a project specific company, that actually provide both bank corporate loans, acquisition loans and financing for MBO. The reader is familiar with a summary comparing the two products, both in terms of banks and from the perspective of the client. In conclusion, specific generalizations are brought and the knowledge that reader, who is interested in an acquisition loan can help with his decision-making process.
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Acquisition of Shares and Subsequent Merger in Logistics Company
Tintěra, Richard ; Kislingerová, Eva (advisor) ; Štamfestová, Petra (referee)
In the present diploma thesis named "Acquisition of Shares and Subsequent Merger in Logistics Company" is given a broad overview of difficult processes of mergers and acquisitions as a useful tool for establishing a leveraged buyout (LBO) in terms of Czech business practice. The goal of the thesis is to analyze the specific acquisition process of obtaining a 100% stake in the company and subsequent merger. The thesis also aims to give readers a comprehensive guide of each step of a complex business transformation process through merger and simultaneously propose the optimal structuring of an acquisition of shares from other shareholders, resulting in a 100% stake in the company. In the form of present thesis readers get a manual with specific instructions how to proceed in the case of strategic decisions about leveraged buyouts (LBO) and subsequent merger.
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Financování mezinárodních akvizicí formou LBO
Bulíková, Jana ; Taušer, Josef (advisor) ; Hájek, Jan (referee)
Práca sa zaoberá problematikou financovania akvizícií metódou LBO. Popisuje podstatu financovania akvizície úverovou pákou, rozoberá motívy pre zrealizovanie LBO ako aj prínosy a možné riziká vyplývajúce z LBO transakcie. Práca charakterizuje úrovne a druhy akvizičného dlhu (Prioritný dlh, Mezanínový dlh) a popisuje celkový proces štrukturovania LBO transakcie. Rozoberá prístup banky k akvizičnému financovaniu a pojednáva o základných technikách financovania LBO prostredníctvom banky. Práca zahrňuje praktické príklady LBO transakcií a obsahuje vývoj na trhu LBO a trendy financovania LBO.
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