stapled financing
n.— «Stapled financing is a relatively new phenomenon in both the U.S. and Europe that presents its own unique set of conflicts. In such a financing transaction the investment bank running the auction of a business also offers a financing package for the buyer of the business being sold. In other words, as part of the auction, a pre-baked financing package is “stapled” to the target company and sanctioned by the seller.» —“Successfully Managing Private Equity Conflicts Of Interest” by Stuart Mills in Bank of America CapitalEyes Aug., 2004. (source: Double-Tongued Dictionary)
Further reading
It was a dark and stormy night. So begins the long and increasingly convoluted prose of Edwards Bulwer-Lytton’s best-known novel. Today the annual Bulwer-Lytton Contest asks contestants for fanciful first sentences that are similarly...
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...