The recent collapse into voluntary administration of one of Australia’s oldest engineering companies, RCR Tomlinson, left many high-profile investors and market observers perplexed and angry. These reactions were unsurprising given that the company’s demise occurred only two months after a successful $100.0m capital raising. Investors... Read More
In any merger & acquisition transaction, the prospective buyer is potentially exposing themselves to significant risks. If the target fails to perform as expected or yields unanticipated liabilities, the acquisition can do enormous financial and reputational damage. As a result, prior to completing any acquisition a prudent acquirer w... Read More
There is a school of thought that building a start-up financial model is a waste of time. The thinking goes that start-ups are so inherently uncertain that any financial model that aims to predict a company’s future performance is inevitably going to be so “out” that it will be useless. This reasoning is half-right. Start-ups are in... Read More