Equity strategies are closely guarded secrets and as such, there is very little written about how investors and corporate can utilise equity vehicles as part of their growth strategies. In this much-needed book, industry expert Juan Ramiraz guides readers through the whole range of equity derivative instruments, showing how they can be applied to a range of equity capital market situations, including hedging, yield enhancement and disposal of strategic stakes, mergers and acquisitions, stock options plan hedging, equity financings, share buybacks and other transactions on treasury shares, bank regulatory capital arbitrage and tax driven situations. The book includes case studies to highlight how equity derivative strategies have been used in real-life situations.
Strategic equity transactions often take place behind closed doors due to market sensitivity and their highly confidential nature. As a result there is very little written about how financial institutions and corporates can utilise equity solutions as part of their growth strategies.
The Handbook of Corporate Equity Derivatives and Equity Capital Markets is a unique guide to building and implementing an equity derivatives strategy. Industry expert Juan Ramirez guides readers through the whole range of equity derivative instruments, showing how they can be applied to a range of equity capital market situations, including hedging, yield enhancement and disposal of strategic stakes, mergers and acquisitions, stock options plan hedging, equity financings, share buybacks and other transactions on treasury shares, bank regulatory capital arbitrage and tax driven situations.
The book includes a number of real life case studies demonstrating how equity derivative strategies have and can be used.
This book will enable readers to:
* devise a value-maximizing strategy, to identify its risks and to assess if the entity is able to bear the risks associated with its implementation
* make an independent evaluation of the merits and risks of proposed structures to the company by its investment banks
* identify new strategic equity opportunities to sell to clients of investment banks, to propose to clients innovative solutions and/or to quickly gain a specialized expertise in the strategic equity field
* better understand the rationale behind a particular strategic equity transaction entered into by an entity being analysed
* profit from a specific strategic situation of a company
* understand a financial transaction before deciding its accounting/tax treatment
* suggest a change in the product profile so a more favourable accounting/tax treatment can be applied
