Philip Richter Comments in <em>Investment Dealers' Digest</em> on Move Away from Stapled Financing in M&A Deals

Philip Richter Comments in Investment Dealers' Digest on Move Away from Stapled Financing in M&A Deals

An April 1st article in Investment Dealers' Digest titled "I-Banks Pull Back From Stapled Financing" features comments from New York partner Philip Richter on how banks are moving away from stapled financing of M&A deals because of perceived conflicts of interest. Stapled financing is an offer to finance an acquisition made by an adviser to the target. The financing fees can often be much higher than the advisory fees.

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