WEBVTT

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At Latham's
Rethinking Corporate Finance conference,

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we look into what's really happening.

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Real clients, real transactions.

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We connect the dots,
we spot the trends that matter,

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and we turn them into practical,
sharp advice for our audience.

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We live in dynamic times,

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so it's more important
than ever to plan ahead,

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think about contingencies,

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and just make sure you're very well set up

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when it comes to liquidity,
when it comes to your maturities,

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when it comes to your leverage.

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And think outside the box as well.

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When a company is considering an IPO,
what they're looking at is

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where should we go?
What's the next step in our journey?

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And it's not going to be an endpoint,

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it's going to be the beginning
of being a public company.

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There's certainly
some common characteristics

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when looking at German companies
that did successful US listings.

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There's typically a footprint

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in the US already or some other nexus
like a very recognizable brand.

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And oftentimes there's a growth story
which US investors like very much.

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Over the last couple of years,
we experience and see an increasing

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trend where hybrid capital instruments
can fill the gap between traditional

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equity instruments
and debt financing, on the other hand.

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What makes hybrid capital interesting?

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We see it as an alternative
to private equity.

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There are a lot of founders out there
that do not want to sell their company,

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because they do not want
to give up control.

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But they do like the idea
of having a partner

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in the business and therefore are
interested in hybrid capital.

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Hybrid capital has proven
itself to be resilient

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in the face of the global pandemic

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and the latest volatility,

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as well as other global events
in recent years.

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We expect that, as a result,
there will be corporates

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turning to this product
more and more in the future.