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Acquisition activity by private equity funds influence mergers and acquisitions (M&A) across many industries, but Q3-24 volume was down 64% from the peak. What does this mean for founder-owned and private companies who want to exit in 2025?
With corporate credit spreads at their narrowest level in 20-years, now is the time for CFOs and corporate finance teams to consider refinancing debt, including their corporate credit facility.
The rapid development and deployment of AI poses significant climate challenges, including high energy and water demands, as well as privacy risks from inadequate data regulation. Addressing these issues is critical to ensuring responsible AI growth. Can the Public Benefit Corporation (PBC) structure provide answers?
An essential tool for every CFO, learn how to build a dynamic budget model and explore the benefits of implementing the best practices of a dynamic budgeting model into your existing process. Complete primer for corporate finance executives that will help increase visibility and prioritize growth, cost savings and capital allocation opportunities.
For CFOs, understanding the intricacies of credit facilities is essential for optimizing capital structure, ensuring liquidity, and managing cash flow efficiently. Download our in-depth primer that considers best practices and guidance on how to negotiate the most competitive terms.
Organic growth or growth by acquisition? This is a strategic and tactical decision that CEOs, CFOs, and executive teams must constantly weigh. If you do choose to pursue M&A as part of a long-term growth strategy, building your M&A playbook is the key to success.
Private equity firms have a proven track record of delivering strong returns to investors and outperforming broader equity markets. But how do they do it? Check out our Top 10 Strategies for Founders, CEOs, and CFOs at private companies to drive stronger growth and value creation for their own shareholders.
The terms and loan covenants associated with a credit facility are critically important for the CEO, CFO and other key stakeholders to understand. These terms are heavily negotiated during the drafting of the credit agreement which can be aided by an experienced financial advisor.
Keene Advisors acted as financial advisor to Systems & Technology Research, LLC (“STR”) in connection with their new $120,000,000 credit facility
A revolving credit facility helps businesses meet short-term needs and fuel growth. Learn how to size it properly to balance liquidity without overpaying for unused credit.
Learn the five key steps to successfully refinancing your credit facility. From understanding market conditions to selecting the right lenders, ensure your company secures the best terms with expert guidance.
Dig deep with the Keene Advisors' Insights Series on corporate debt financing.
What is the optimal level of corporate debt for a company? If you are a CEO, CFO, Executive Board member, or corporate finance professional, you are tasked with asking and answering this question on a regular basis. Striking the right balance is challenging, but the benefits of achieving the optimal corporate debt structure can be significant.
Refinancing corporate debt is a strategic process that companies use to optimize their capital structure, reduce interest expense, or extend their debt repayment period. We break down the benefits and considerations of debt refinancing and how to optimize the process for your company.
Corporate Social Investment (CSI) refers to the practice of allocating a company's resources—whether in the form of cash, services, products, or employee time—toward social, environmental, and community initiatives that align with its business goals. We dive into the benefits of implementing CSI for your business.
OpenAI, the company behind the popular generative AI product, ChatGPT, has hinted at launching an IPO and becoming a public company. Currently OpenAI has a unique corporate structure as a hybrid non-profit/for-profit entity but may transition to a for-profit public benefit corporation (PBC). Keene Advisors is also a benefit corporation and we’ll explain what this transition might mean for OpenAI.
What is a Leveraged Buyout (LBO)? What are the ideal financial characteristics of a LBO target company in the eyes of private equity investors and family offices? Leveraged buyouts (LBO) are a type of acquisition where investors finance the purchase of a target company through a combination of debt financing and equity capital.
Keene Advisors helps to explain and illustrate the LBO process.
Want to sell your business? You may need help figuring out where to start. Our team outlines 5 steps to prepare your business for sale:
Get your business in order, measure your KPIs, position your company for maximize valuation, understand the tax implications for the business owners, and select the right M&A advisor to help you sell your business.
Financial investors like private equity funds and venture capital firms help shape the market dynamics of mergers and acquisitions (M&A) across many industries. But as interest rates have risen precipitously since 2022, there has been a significant decline in the M&A activity among financial investors. What should companies do who are looking for an exit?
Focusing only on the culture clash between Unilever and Ben & Jerry's misses the financial story behind their split. This analysis looks at the history of the ice cream division and what might be next for Ben & Jerry's.
Business success largely hinges on giving the customers what they want — and these days, customers want to shop with businesses that prioritize ESG goals and sustainable business practices. But are ESG initiatives profitable? The Keene team weighs the risk and opportunity.
How do B-Corporations navigate the capital-raising process? We highlight the pros and cons companies may encounter along their journey as well as strategic advice for preparation.
The United Nations Sustainable Development Goals (SDGs) offer a comprehensive roadmap for addressing global ESG challenges. Learn how businesses use the SDGs as a strategic framework for developing robust sustainability plans that drive innovation, enhance brand reputation, and open new markets.
The business world has seen a significant shift towards sustainability and social responsibility, with Benefit Corporations and Certified B-Corporations leading the charge. But what are the differences between Benefit Corporations and Certified B-Corps, and why have they grown in popularity?
Overview of Vital Farms’ IPO: how a B Corp offering pasture raised products went from startup to the public markets. A look at private equity deal making amid COVID-19.
Overview of private equity firm KKR’s investment in global beauty company Coty. A look at private equity deal making amid COVID-19.
In light of the current uncertainty in global markets stemming from the COVID-19 pandemic, U.S. companies have proactively strengthened their cash positions and preserved financial flexibility by drawing down on their committed revolving credit facilities.
Lessons from an experienced finance executive on how priorities change during a crisis. A discussion of the importance of cashflow visibility, communication with banks, access to business detail, industry relationships, the health of employees and expert advice.
Annual report on Keene Advisors' public benefit.
Keene Advisors was incorporated in Massachusetts in July 2015. We elected to become a benefit corporation at formation, which means that in addition to creating value for our clients and pursuing financial success, we have also committed to generate a material, positive impact on society and the environment. We report our public benefit annually.
Industry report by Keene Advisors
In this report, Keene presents the deep effects of the Great Recession on builders. We find that the Great Recession reshuffled the homebuilding industry. Analysis of how the top 50 builders weathered the recession and strategies for companies impacted or looking to invest for growth.