Marc René Deschenaux

In finance, the private equity secondary market (also often called private equity secondaries secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can … Lire la suite

In finance, private equity is a type of investment where the investor participates in the ownership of the company contrarily to a creditor or debt owner. It is also an asset class consisting of equity securities in companies that are not publicly traded on a securities exchange. A private equity investment will generally be made … Lire la suite

The distribution of shares of stock, of bonds or of any other sort of securities can be done in a private or public manner. Everywhere in the world, any distribution of securities is highly regulated by the legal order. This arises from the very nature of the security that incorporates a right or an obligation … Lire la suite

Securities markets play a crucial role in the financial ecosystem by enabling capital allocation and investment. These markets are broadly categorized into primary and secondary markets. While both markets facilitate the buying and selling of securities, they serve different purposes and involve distinct participants. Understanding their functions, processes, and impact is essential for investors, corporations, … Lire la suite

In the beginning of our story there was the homo putans (the thinking human being), the first prehistorical human who began to analyze and control his environment, in other words to think. First, he lives alone with his family, assuming alone the daily tasks necessary for his survival. He hunts, builds and maintains his home, … Lire la suite

The Parley or the pre-contractual stage is a phase preceding the negotiation of a contract. To prepare for the successful conclusion of a contract, two parties can enter into talks in two different ways: either informally informal talks or formally formalized talks. The difference between these two modalities depends on the contract and the co-contracting … Lire la suite

The offer must be precise and complete, it may be tacit, implied or express and can not be withdrawn before the fixed date or a reasonable period of time. Acceptance is adherence to the precise content of the offer, it may be tacit or Express. Silence, in principle, is not worth accepting. However, silence may … Lire la suite

Mezzanine Financing or Mezzanine Capital refers to subordinated debt or preferred equity securities that often represent the most junior portion of a company’s capital structure, but that is still senior to the company’s common equity. This form of financing is often used by an issuing company seeking to finance its Initial Public Offering on the stock market and by private equity investors to … Lire la suite

Definition A Letter Of Intent L.O.I. or LOI is different from a term sheet because whether binding or not, it expresses consent to certain terms, whether preliminary or not, and its structure is formatted as a letter. Common in sophisticated commercial or financial transactions, a LOI outlines the terms of a deal a party proposes to the … Lire la suite

From a legal standpoint, the owner is way too often liable of many things unknown to him or her. On several occasions, I have been consulted to know how to avoid owner’s liability. This is the reason why I invented what I first called the “Triplet” before realizing that the structure herein described could count … Lire la suite