Remove Acquisitions Remove Boutique Remove Debt
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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.

Debt 103
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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 name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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Tell Me About a Recent Deal: Full Guide and Example

Mergers and Inquisitions

Another example is that many boutique banks issue market and M&A reports with recent transaction activity and even public comps for the sector. If you go against my advice and discuss an equity or debt deal instead, you’d have to search for documents like the S-1 for an IPO or a credit rating update issued by the credit rating agencies.

M&A 59
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Demystifying the “Second Bite of the Apple” and its Prevalence in Private Equity

Chesapeake Corporate Advisors

The original owner’s minority stake is now worth $30 million (the current value of $150 million multiplied by their 20% investment, assuming all third-party debt has been paid off). The seller’s equity investment enables the PEG to reduce their own investment, freeing up cash for additional acquisitions.

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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time

Mergers and Inquisitions

a summer internship that converts into a full-time offer vs. a boutique internship in your 1 st or 2 nd year of university). These 1 – 2 “steppingstone internships” could be at any firm, but many students do them at boutique investment banks or small/startup private equity or venture capital firms.

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Confidential Family Office Acquires Peppy’s Car Wash

Chesapeake Corporate Advisors

CCA had a long-standing relationship with the buyer, including advising on the debt refinancing of their family-owned business. The family office especially appreciated CCA’s ability to assist in evaluating targets, construct cash flow models, and negotiate with lenders to successfully obtain debt financing.

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A Sellers Guide to Choosing the Right Financial Buyer

Chesapeake Corporate Advisors

Based on the fund’s strategy, these companies often grow through strategic add-on acquisitions. Private equity investors take varying approaches to integrating add-on acquisitions, on a spectrum of minimal to extensive operational involvement by the fund and its network.