Capital Advisory

 

At Watson & Noble, we advise our clients on how to improve the capital structure of their firms. Our optimization of capital structure reflects the trade-off between the willingness to maximize the tax benefits of debt and the unwillingness to increase the bankruptcy costs of the firm.

 

We determine the optimal capital structure through the lens of Real Options Valuation. Our use of this framework focuses on decisions concerning timing, scale, and scope of operations in capital markets.

 

We carefully analyze operations ranging from equity-related operations – Initial Public Offerings, Private Offerings, Equity Carve-outs, Spin-offs – to debt-related operations – Bonds Issuance, Securitization, Restructuring.