Basé à Paris et créé par un Gestionnaire de Fonds d’investissement, PE Cube repose sur 20 ans d’expertise de terrain.
Glossaire des termes
Chez PE Cube, nous voulons offrir plus qu'un logiciel de Private Equity à nos clients : nous souhaitons vous soutenir dans tous les aspects de vos activités quotidiennes. En ce sens, nous partageons avec vous un Glossaire regroupant divers termes du Private Equity. Vous trouverez ci-dessous tous les termes pertinents pour l'industrie du Private Equity, ainsi que leurs définitions, telles que fournies par des sources fiables (Sources : Gips®, le Parlement européen, l'ESMA, l'ILPA, Invest Europe, Investopedia, et l'IPEV).
Termes par lettre
PE CUBE Terms
Il y a 8 noms dans ce répertoire commençant par la lettre W.
W
Warrant
A type of security that entitles the holder to buy a proportionate amount of common stock or preferred stock at a specified price for a period of years. Warrants are usually issued together with a loan, a bond or preferred stock - and act as sweeteners, to enhance the marketability of the accompanying securities. They are also known as stock- purchase warrants and subscription warrants.
Source: ILPA
Source: ILPA
Weighted Average Anti-dilution
The investor's conversion price is reduced, and thus the number of common shares received on conversion increased, in the case of a down round; it takes into account both:
(a) the reduced price and, (b) how many shares (or rights) are issued in the dilutive financing. See Broad-Based Ratchet and Narrow-Based Ratchet definitions.
Source: ILPA
(a) the reduced price and, (b) how many shares (or rights) are issued in the dilutive financing. See Broad-Based Ratchet and Narrow-Based Ratchet definitions.
Source: ILPA
Williams Act of 1968
An amendment of the Securities and Exchange Act of 1934 that regulates tender offers and other takeover related actions such as larger share purchases.
Source: ILPA
Source: ILPA
Workout
A negotiated agreement between the debtors and its creditors outside the bankruptcy process.
Source: ILPA
Source: ILPA
Wrap fee
A type of bundled fee specific to a particular investment product. The wrap fee is charged by a wrap fee sponsor for investment management services and typically includes associated transaction costs that cannot be separately identified. Wrap fees can be all-inclusive, asset-based fees and may include a combination of investment management fees, transaction costs, custody fees, and/or administrative fees. A wrap fee portfolio is sometimes referred to as a “separately managed account” (SMA) or “managed account".
Source: GIPS
Source: GIPS
Write-off
ILPA: The act of changing the value of an asset to an expense or a loss. A write-off is used to reduce or eliminate the value an asset and reduce profits. The write-down of a portfolio asset to the value of zero, with the result that the private equity investor or investors go without proceeds upon disposition.
Invest Europe: "The value of the investment is eliminated and the return to investors is zero or negative."
Source: ILPA, Invest Europe
Invest Europe: "The value of the investment is eliminated and the return to investors is zero or negative."
Source: ILPA, Invest Europe
Write-up/Write-down
An upward or downward adjustment of the value of an asset for accounting and reporting purposes. These adjustments are estimates and tend to be subjective; although they are usually based on events affecting the investee company or its securities beneficially or detrimentally.
Source: ILPA
Source: ILPA
