Abstract
Private equity valuations in down rounds, when the portfolio company raises fresh money but the valuation is lower than in the prior round of funding, require careful computation because of previously negotiated antidilution provisions. These can be percentage-based or price-based antidilution. This article provides guidelines and an example of the calculations required to complete a down round when antidilution provisions are in force.
- © 2002 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600