Convertible PIPE Transactions

Private convertibles are unique, complex financial instruments that are typically more expensive and structured than their public counterparts. While there are a number of benefits to using private convertibles, including greater flexibility and investor base diversification, there are also important considerations that issuers need to keep in mind. For example, the terms of a private convertible may be inferior to those of a public deal as they are highly negotiated and may come with governance rights or board seats, which can have implications for the company’s management and future decision-making processes.

Given the longer process and higher execution risk in a private convertible deal, issuers can benefit greatly from having a capital markets advisor sitting on their side of the table. ICR Capital’s Convertible and Equity Derivatives Advisory team is here to help you navigate the complex landscape of private convertibles and provide the guidance you need in order to achieve a successful outcome. We provide significant value throughout the entire process including structuring the deal, bulletproofing the documentation, selecting the right bank, and determining which investors to approach. Our goal is to provide honest, thoughtful advice to save you time and ensure you receive the best possible terms.