News

MVCA had the pleasure to welcome Lawrence McDonald, Author of “A Colossal Failure of Common Sense- The Inside Story of the Collapse of Lehman Brothers“, for a lunch conference on Wednesday 16 June
Wednesday, 16 June 2010

Lawrence McDonald (www.lawrencegmcdonald.com), currently a Managing Director at Pangea Capital Management LP, was Vice-President in Distressed Debt and Convertible Securities Trading at Lehman Brothers between July 2004 and September 2008.

He ran an extremely successful joint venture between the firm's fixed income and equity divisions, generating over $80 m. profit during the four years.  Mr. McDonald has been a guest and contributor on CNBC, CNN, BBC World, Channel 4 News, Bloomberg TV, Fox TV, The New York Times, Business week and the Economist amongst others.

The book, written together with Patrick Robinson, hit the New York Times bestseller on the first week of publishing.

During lunch, Lawrence McDonald talked about post Lehman collapse, the consequences of the financial meltdown on the regulatory environment and the impact on investment today, and shared with the audience some of his behind the scenes knowledge.

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Investment classes Print

Please, click on the PDF link: Introduction to Private Equity to download the MVCA's presentation Introduction to Private Equity


The investment focus of Venture Capital is characteristic of:

  • earlier stages of company development: start-up and early expansion;
  • innovative and unique business idea;
  • strong team with relevant experience;
  • growth potential and scalability;
  • targeting international growth markets;
  • potential for high profitability;
  • clear exit possibilities;
  • with a typical investment period of 2 to 5 years.

The investment focus of BuyOut is characteristic of:

  • Later stage of company development: maturity, late expansion and decline;
  • Typical criterias defining the strategy of buy-out funds are:
  • leading market position;
  • competent and active management;
  • high potential for profit improvement;
  • ability to generate sustained positivecash flow;
  • independence from business cycles.
  • The typical investment period is 2 to 7 years.

 

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Private Equity investment methods are:

  1. Fund route – through private equity funds alongside other investors. These are typically structured as limited partnerships.
  2. Direct route – by making direct investments into unquoted companies.

 

the connected brand

 


Please, click on the PDF link: Introduction to Private Equity to download the MVCA's presentation Introduction to Private Equity