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Demystifying the “Second Bite of the Apple” and its Prevalence in Private Equity

Chesapeake Corporate Advisors

trillion in deals in 2023. Private equity groups (PEGs) are active buyers in M&A transactions , accounting for $1.3 US PEGs still have approximately $1.1 trillion in dry powder, which is a massive amount of cash to deploy and invest in businesses. Most PEGs prefer the seller to reinvest a minority stake in the new deal.

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10-31-2023 Newsletter: October 31st PROMO!

OfficeHours

small boutique) “ Last thing you want to be is STUCK in a DOWN-CYCLE being a banking analyst thinking I should’ve recruited before when there were more opportunities.” The post 10-31-2023 Newsletter: October 31st PROMO! I can’t imagine going through it without Office Hours.” (EB) WHY CHOOSE US? appeared first on OfficeHours.

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07-04-2023 Newsletter: July 4th PE Platform Sale!

OfficeHours

small boutique) “ Last thing you want to be is STUCK in a DOWN-CYCLE being a banking analyst thinking I should’ve recruited before when there were more opportunities.” The post 07-04-2023 Newsletter: July 4th PE Platform Sale! I can’t imagine going through it without Office Hours.” (EB) WHY CHOOSE US? appeared first on OfficeHours.

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10-16-2023 Newsletter: So you want to pursue a role in Private Equity?

OfficeHours

small boutique) “ Last thing you want to be is STUCK in a DOWN-CYCLE being a banking analyst thinking I should’ve recruited before when there were more opportunities.” The post 10-16-2023 Newsletter: So you want to pursue a role in Private Equity? I can’t imagine going through it without Office Hours.” (EB) WHY CHOOSE US?

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06-30-2023 Newsletter: Mastering the Paper LBO: A Crucial Part of the Private Equity Interview Process

OfficeHours

small boutique) “ Last thing you want to be is STUCK in a DOWN-CYCLE being a banking analyst thinking I should’ve recruited before when there were more opportunities.” The post 06-30-2023 Newsletter: Mastering the Paper LBO: A Crucial Part of the Private Equity Interview Process appeared first on OfficeHours. WHY CHOOSE US?

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. The end of Credit Suisse in 2023 means that it’s no longer on this list. Bulge Bracket vs. Regional Boutique Banks: The differences above are even more extreme here.

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UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?

Mergers and Inquisitions

Before this deal, I had expected that “CS First Boston” would become another elite boutique and a strong competitor to the likes of Evercore, Lazard, and Moelis. Also, many of the elite boutiques will benefit because they’ll be perceived as “lower risk” after this crisis due to their lack of large Balance Sheets. Klein & Co.