This flowchart provides a structured breakdown of different financial transactions categorized under Deals, Agreements, and Documents. Here's an overview of the key distinctions:
Deals – The broadest category, representing the overarching transaction type. In the chart, this includes:
Private Credit Agreements
LPA (Limited Partnership Agreements)
M&A (Mergers and Acquisitions) Agreements
Public Agreements
Agreements – These define the contractual relationships and obligations between parties within a deal. For example:
Private Credit Agreements involve various financing structures such as Cash Flow Credit Documents, ABL (Asset-Based Lending) Documents, and Intercreditor Documents.
M&A Agreements contain Stock Purchase Documents, Equity Commitment Letters, and Master Transaction Agreements.
Public Agreements cover Public Asset Purchase Agreements, Public Merger Agreements, and Public Filings.
Documents – The most granular level, detailing the specific paperwork associated with each agreement. This includes:
Commitment Letters, Term Sheets, Grids, and Fee Letters under Private Credit.
Formation Documents, Trust Agreements, and Limited Guaranty Agreements for M&A.
Side Letters for LPAs.
Key Takeaways:
Deals set the scope of financial transactions.
Agreements define the structure and obligations within a deal.
Documents contain the granular details and supporting legal paperwork.
This framework helps professionals quickly navigate complex financial transactions by understanding how different components interconnect.