Public Finance
Cabrera Capital Markets Public Finance group is committed to creating and implementing cost-effective financing solutions for our state and municipal clients. Our experienced professionals are dedicated to finding ways to make the job of government finance professionals easier and we are prepared to leverage our resources to support transactions that will lower the cost of public infrastructure.
Cabrera's Public Finance team of highly dedicated employees possesses a thorough understanding of debt finance and management from the issuer's perspective. We seek to be fully in tune with our clients’ current needs as well as to anticipate future challenges they might encounter.
Cabrera's Public Finance bankers may assist our clients in one or more of the following ways:
- Creating the most cost-effective bond financing structures
- Optimizing refunding savings
- Developing sound long-term financing strategies and capital plans
- Suggesting innovative revenue generating ideas
- Negotiating bond documents
- Proposing ideas in one jurisdiction that have been implemented successfully elsewhere
- Public-private partnerships (PPP)
Debt Capital Markets
Cabrera Capital Markets underwrites corporate debt securities. Our model provides clients with new sources of demand by effectively penetrating 2nd and 3rd tier investors that are typically overlooked by large firms. We also cover large tier 1 accounts that complement a diverse investor base. As an underwriter of corporate debt, we provide our issuer clients with insightful market coverage and ongoing market pricing analysis of outstanding debt issues.
Cabrera’s corporate client relationships are mostly Fortune 500 companies that look to access the global markets to raise capital through either the public or private markets. The firm’s capital markets group covers companies in the following sectors:
- Banks and Financial Services
- Insurance
- Utilities and Energy
- Media
- Information Technology
- Telecommunications
- Consumer Products
- Industrials
- Healthcare and Pharmaceuticals
Our full suite of services for our corporate clients includes:
- Investment grade, high yield, preferred and asset-backed securities underwriting
- Sales & Trading of various fixed income products across the curve, including senior/subordinated structures and fixed/floating rate instruments
- Equity share repurchases
- Cash management
- Transition management
Our equity share repurchase capabilities consist of a skilled trading team with experience executing open market buyback programs. We are fully compliant with regulatory requirements of 10b-18 and 10b-5. We provide customized service and consistent execution for all listed and OTC stocks.
Our cash management operations provide safety, diversification and liquidity for corporations. We specialize in institutional money funds from multiple providers on a single platform. Clients can research their investment alternatives, trade in available funds, access reports on their investments, and analyze risks and pricing.
Our transition management services provide portfolio execution as an independent third party. The objective is to lower execution expenses and find inefficiencies in the portfolios while not compromising on pricing. Portfolios can range from low risk treasury/agency/government debt to high-yield bonds or equity securities.
Taxable Bonds Underwritings
Since 2004, Cabrera has worked on behalf of numerous corporate and government clients. The firm has participated in corporate debt financings totaling in excess of $235.7 billion in par amount, and agency offerings totaling in excess of $140.4 billion in par amount.
Equity Capital Markets
Cabrera Capital Markets team is experienced at leading and co-managing offerings of equity and equity-linked securities and acting as underwriter or a placement agent for certain private offerings.
Cabrera's goal is to aggregate demand by providing our clients with access to both large and small investment entities of each major category thereby creating a more diverse investor base.
Our model creates new sources of demand by effectively penetrating the 2nd and 3rd tier accounts that have less than $10 billion in assets under management and may be overlooked by large firms as well as targeting the largest holders of the issuers peer-group and the logical tier 1 accounts.
We communicate investor feedback frequently with the issuer's management and lead manager and our experienced trading desk supports our underwriting capabilities.
Global Investment Banking
Cabrera Capital Markets Global Banking Division provides US minority and Latin American companies with comprehensive financial and strategic planning advisory services. Our advisory practice guides clients considering strategies such as:
- Project Finance
- Capital Raising
- Mergers, Acquisitions, and Divestitures
- Capital Structure Optimizations, Debt Restructuring and Capital Equipment Financing
- Strategic Planning
In the United States, we provide strategic advisory services to companies led by Hispanic management teams or companies that target the growing US Hispanic market. We have a similar scope of work in Latin America.
Project Finance
Cabrera Capital Markets Global Banking Division acts in several capacities on infrastructure projects such as financial advisor and arranger of senior/mezzanine debt and equity for large capital projects. Our project finance services include:
- Project evaluation and feasibility studies
- Financial modeling and sensitivity analysis
- Risk evaluation and risk mitigation strategies
- Advice on the structure of project contracts
- Taking an active role in negotiations
- Financial structuring
Capital Raising
Cabrera’s Global Banking division’s capital raising capabilities include
- straight equity from private equity and institutional investors in the form of direct ownership
- convertible and preferred debt
- high-yield corporate bonds
Companies seeking growth capital have the following characteristics:
- Equity and/or Debt Funding needs: $20 to $300 million
- Projected EBITDA: $5 to $100 million
- Growth rate range: 15% to 30%
Our focus is on small- and middle-market businesses that target the US Hispanic market; established and successful businesses with a commercial presence or focus on Latin America; and Latin American businesses expanding into the US or in the Latin American region.
Mergers & Acquisitions (M&A)
Cabrera’s Global Investment Banking group addresses the intricacies of acquisitions and divestitures with a highly knowledgeable team of seasoned professionals who specialize in mergers, acquisitions and leveraged buyouts. The M&A team is further supported by all other Cabrera teams that focus on a wide range of industries and types of financing to ensure clients are provided with current market and industry information.
Over the last 20 years, our Global Banking group has completed numerous M&A, advisory and private domestic and international placement assignments.
Areas of expertise include:
- Sales of Companies and Divestitures
- Mergers, Acquisitions, and Tender Offers
- Leveraged Buyouts
Capitalization, Business Valuations and Fairness Opinions
Capitalization - Utilizing our deep relationships with traditional and alternative institutional investors, we efficiently raise or negotiate the placement of new capital at all levels of a company's capital structure. We analyze and craft the appropriate capital structure for a company and place the securities through privately marketed and negotiated transactions.
Business Valuations - We have appraised a broad range of businesses, worth from $500,000 to $200 million. Our staff conducts valuations for a variety of entities, including ongoing small and medium sized businesses and larger company divisions with the aim of divestiture.
Fairness Opinions - Cabrera's Global Investment Banking group supports boards of directors, investors, trustees, and other corporate and organizational leaders help perform their fiduciary responsibilities by providing such parties with unbiased opinions as to the financial fairness of pending transactions.
Strategic Advisory & Planning
Cabrera’s Global Banking division has developed a proprietary methodology to assist companies at any stage to conduct a thorough assessment of the current stance, it strengths and weaknesses as well as it’s threats and opportunities to identify strategies for a systematic growth and a very clear road map to increase its value. The approach of such methodology has been carefully designed to match the views of a potential investor considering such company as an investment opportunity. The result of such exercise is achieving an “institutional ready” stage, prior to taking the company to the financial market.
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Investment Banking
