Matt Eitner is an experienced financial executive who currently serves as the chief executive officer of Laidlaw & Company Ltd. in New York. Outside of his professional work, Matt Eitner serves as a founding member of the board of trustees of Don Bosco Preparatory High School, in addition to providing charitable support to organizations such as Good Counsel Homes and Covenant House.
Since its founding more than four decades ago, Covenant House has helped to improve the lives of homeless young people and those subjected to illegal trafficking. The organization, which currently serves more than 74,000 young people annually, offers a range of supportive services such as street outreach, short-term housing, and transitional housing.
Covenant House’s comprehensive program model helps youth improve their quality of life while moving towards independent living. To further support its service efforts, the organization recently launched a program to prioritize data-driven learning and innovative technology solutions. In addition to a robust data management platform, Covenant House implemented Efforts to Outcomes (ETO) software developed by Social Solutions.
Moving forward, Covenant House plans to further support continual organizational improvement through data quality enhancements, performance and outcome measurement tools, strategic research, and the sharing of best practices. For further information on these efforts, visit www.covenanthouse.org.
Matt Eitner is the CEO of Laidlaw & Company, where he is part of a team that offers investment banking and financial analysis services to their clients. An experienced financial analyst, Matt Eitner previously served as the managing director of Aegis Capital, a private investment firm based in New York. Laidlaw & Company provides a wide range of investment banking services, including confidentially marketed public offerings (CMPOs).
CMPOs allow a company to make an offering through a simplified SEC form that has fewer requirements than some alternatives. These shelved offerings are popular for several reasons, not least of which is the fact that they can be turned into a public offering shortly before pricing, allowing an issuer to take advantage of a favorable financial environment.
CMPOs can make marketing efforts much more successful than traditional IPOs because they can be completed quickly. In an environment where capital-raising is highly volatile, any time gained can make a substantial difference.
As a shelved offering, CMPOs also allow a company to gauge market reaction to an offering without subjecting its stock to the downward pressure that’s often associated with public offerings. That’s a significant benefit if an offering is not ultimately completed.
Matt Eitner is the CEO of Laidlaw and Company (UK) where he brings his experience in equities trading to bear overseeing most operations. As a seasoned investment banker, Matt Eitner is well-versed in numerous financial vehicles including special purpose vehicles (SPVs).
SPVs, as their name implies, are used in special cases when circumstances demand, for one reason or another, an increased level of complexity. Below, you’ll find answers to some of the most common questions that arise about them:
Q: What is a special purpose vehicle?
A: Essentially, it’s a separate legal entity created for a specific situation in which an organization needs to isolate itself from a potentially risky investment.
Q: What are the benefits of using an SPV?
A: The most obvious benefit is protecting principal assets against a failed endeavor. Furthermore, SPVs can offer an advantageous tax position if established correctly.
Q: Are there risks involved?
A: Certainly. The SPV will not have the parent company’s credit level and therefore its ready access to capital. Additionally, SPVs are often subject to regulatory changes that may affect their ability to fulfill the original purpose.