Capital Flows to Where It Is Treated Best
In a market increasingly shaped by passive flows and short-term momentum, capital is flowing away from the very companies doing the most ambitious work. With risk capital increasingly scarce, even strong companies struggle to raise capital with terms that preserve long-term shareholder value without diluting the value of early support.
EVEN IF YOU HAVEN’T HEARD OF US, YOU KNOW US
We are B. Dyson Capital Advisors, and our team was founded by Lazard Frères Convertible Advisory and Convertible Sales & Trading Desk colleagues. We have been through every market cycle, every bubble and crash, since 1982.
An Aligned Approach to Raising Equity
We have developed a new equity financing approach that rewards and protects those who have supported your company. It gives your shareholders the ability, but not the obligation, to reinvest and preserve their pro rata ownership and upside. Funding occurs as investor appetite rises, minimizing the timing risk of investing in a volatile market. Removing dilution risk and timing risk can lead to a stronger, more loyal shareholder base and a higher share price that better reflects your fundamental value.
A Simpler Approach to Convertible Debt
Companies issue convertible debt to reduce dilution and cost of capital, often layering on complex derivatives to further reduce cost. While this may work in theory, it often fails to deliver in the market, resulting in less protection from dilution than expected and introducing new risks. We offer a convertible approach built on empirical outcomes, not appearances. It converts faster into fewer shares when equity is the goal and provides a hard cap on dilution exposure when low-cost debt is the priority. This approach moves beyond theory, offering companies a reliable and transparent way to raise capital without unintended consequences down the line.
A Reverse Dividend Recap to Reduce Leverage
When equity is issued to retire debt, dilution is often treated as inevitable. Our strategy turns that around. Debt is retired with equity, but shareholders are rewarded, not diluted. They have the ability, but not the obligation, to reinvest, capture the discount, and preserve their pro rata ownership and upside. Deleveraging occurs as shares rise, not fall. Reducing leverage without diluting long-term shareholders can increase EBITDA trading multiples, strengthen the investor base, and support a higher share price that more accurately reflects the company’s fundamental value.
