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An investment proposal for atoss software Ag - focus area: capital structure
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| 343.6 KB | Adobe PDF |
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Resumo(s)
This paper analyses a leveraged
buyout of ATOSS Software AG, a
leading German workforce
management software provider, from
a strategic and financial perspective.
It is concluded that ATOSS Software
AG is an attractive LBO candidate,
allowing a financial sponsor to create
value by internationalizing a highly
profitable and cash-generative
business through a buy-and-build
strategy. This part of the analysis
focuses on choosing a capital
structure for the suggested EUR
750m LBO in a challenging market
environment. It is recommended that
the LBO should be financed with a
senior-subordinated structure at an
initial net leverage of below 5.5x.
Descrição
Palavras-chave
Private equity Debt pricing Capital structure Atoss software Ag