Francine Way

MAY 18, 2017

I chose a public company for this exercise because private company financial statements don’t immediately lend themselves to the accretion / dilution analysis that we are about to review. Public company audited financial statements typically receive a good deal of scrutiny from accountants, equity analysts, and regulatory agencies.

M&A

Francine Way

JULY 11, 2017

To perform this analysis, the following are needed: Target’s financial statements (income statement, balance sheet, cash flow): Preferably audited historical statements, cleaned up and re-formatted in Excel properly (we will see an example of this in the next post). We will delve into this topic deeper in the next post.

Valuation

Francine Way

JULY 12, 2017

Once the extraordinary, unusual, non-recurring items are identified, the next (2nd) step is to have them added back / removed from the historical income statement to normalize the financial statement. Expense items are added back and gain items are removed.

Discounted Cash Flow

Francine Way

JUNE 22, 2020

It has been roughly three years since my last blog post at the completion of my fellowship. To pick up where we last left off with valuation, I will cover the topic of a Merger Relative Valuation in this blog post and move on to other non-valuation topics from here. Time certainly did fly by when one was having fun.

Valuation

Francine Way

JULY 8, 2017

operations (the way the company manufacture or service its products - in-house vs. assemble from suppliers), and financials (historical financial statements, typically audited; along with a 3-year forecast that clearly outlines supporting rationale for the target’s growth).

M&A

RKJ Partners

AUGUST 6, 2017

In our latest blog installment, we define and discuss the evolution of microlending. If you have an existing business, assemble your financial statements for the last three years. As investment bankers, RKJ Partners possesses a breadth of knowledge and experience in advising clients that seek growth capital.

Capital Raising

RKJ Partners

AUGUST 6, 2017

In our latest blog installment, we define and outline the key elements involved in the due diligence process from a buyer’s perspective. As investment bankers, RKJ Partners possesses a breadth of knowledge and experience in advising buyers on business acquisitions. What is due diligence?

M&A

RKJ Partners

AUGUST 6, 2017

In our latest blog installment, we define and outline the key elements involved in valuing a target company. During preliminary due diligence, the view of valuation is often heavily contingent on the financial information provided by the seller. What is Valuation?

M&A

RKJ Partners

AUGUST 6, 2017

In our latest blog installment, we outline the eight basic steps involved in the buy side M&A process and related insights to assist in a successful execution. Early in the M&A process, the view of valuation is preliminary and often heavily contingent on the financial information provided by the seller.

M&A

RKJ Partners

AUGUST 6, 2017

The following are proactive steps a business owner should take prior to beginning the business sale process: Recasting Financial Statements.

Sale

Peak Frameworks

JUNE 29, 2023

In the world of finance, auditing plays a crucial role in ensuring the accuracy and reliability of financial statements. Central to the audit process are assertions, which serve as the foundation for auditors to assess the validity and completeness of financial information.

Financial Statement

RKJ Partners

AUGUST 6, 2017

In our latest blog installment, we address common questions of business owners relating to the sell side M&A process. In today’s fast changing world, statements more than three years old are not very relevant to the operations of the current ongoing business.

M&A

RKJ Partners

AUGUST 6, 2017

External due diligence can and should be done by the buyer at an earlier stage since it is not reliant on specific company information and is not sensitive or intrusive to the company. Internal due diligence relies on information specific to the subject company.

M&A

Sun Acquisitions

MARCH 8, 2022

Financial Documents Needed to Sell a Business. Personal Financial Statement (to be completed by buyers). Internal Profit & Loss Statements (dating back two to three years). Are You Financially Ready? Business’ Professional Certificates. Existing Vendor/Client Contracts. Employment Agreements. Letter of Intent.

Business

Midaxo

SEPTEMBER 28, 2023

In this blog post, we’ll explore four keys to running a successful M&A due diligence and offer some insights for navigating this complex terrain. However, relying solely on financial models and estimates can lead to inaccurate valuations. Effective due diligence is the bedrock upon which valuations should be built.

M&A

The M&A Lawyer

AUGUST 25, 2015

In later posts on The M&A Lawyer Blog, I will examine each of these sections more closely and provide a more detailed and nuanced discussion of their contents. financial statements. The post Anatomy of a Stock Purchase Agreement appeared first on The M&A Lawyer Blog. authority and enforceability. subsidiaries.

Stock

The M&A Lawyer

SEPTEMBER 8, 2015

Reps and warranties may address a broad variety of subjects, from the target’s legal existence, good standing and financial statements to the buyer’s ability to finance the transaction and comply with its obligations under the agreement. financial statements. financial statements. subsidiaries.

M&A

OfficeHours

JUNE 21, 2023

If you’ve been working in IB and are making a lateral switch or are trying to get into PE, you don’t need two lines dedicated to your relevant coursework because they will know you understand valuing businesses, financial statements, etc. Your additional information shouldn’t reiterate what your bullets already told the reader.

Investment Banking Analyst

OfficeHours

JUNE 6, 2023

T he most important skill for a private equity junior is financial modeling. Mastering financial modeling techniques and demonstrating proficiency in valuation methods, cash flow analysis, and financial statement analysis are critical skills for private equity professionals.

Private Equity

OfficeHours

JUNE 2, 2023

Don’t forget to make sure your hair is neat too (if you’re lucky enough to still have it).

Investment Banking

OfficeHours

MAY 31, 2023

Additionally, the article lists out many of the key calculations, including WACC, Preferred Stock Method, and Unlevered Free Cash Flow, with many of the key formulas highlighted and explained thoroughly.

DCF

Sun Acquisitions

SEPTEMBER 21, 2023

In this blog post, we will explore some common challenges business owners face when marketing their businesses for sale and discuss strategies to overcome them, ultimately ensuring a smooth and successful transition. One of the critical hurdles lies in effectively marketing your business for sale.

Sale

OfficeHours

JUNE 12, 2023

This includes questions related to LBO modeling, multiples valuation, and basic accounting / financial statement analysis. Then you should turn your focus to mastering technical questions, as an intern with a strong technical base will be extremely helpful for a private equity firm.

Private Equity

OfficeHours

JUNE 5, 2023

Private equity consulting firms conduct thorough due diligence on potential investment opportunities; they analyze financial statements, assess market dynamics, evaluate industry trends, and identify potential risks and opportunities in order to provide the most accurate recommendations on potential acquisition costs.

Private Equity

Sun Acquisitions

NOVEMBER 27, 2023

In this blog post, we will explore a business broker’s indispensable role and highlight why you need their expertise when selling your business. Understanding the Complexities Selling a business is not a straightforward process like selling a tangible product; it involves intricate financial, legal, and emotional considerations.

Broker

Sun Acquisitions

SEPTEMBER 29, 2023

In this blog post, we will explore some common challenges business owners face when marketing their businesses for sale and discuss strategies to overcome them, ultimately ensuring a smooth and successful transition. One of the critical hurdles lies in effectively marketing your business for sale.

Sale

Focus Investment Banking

AUGUST 13, 2023

That’s when the buyer goes through all of your company’s financial statements, employee contracts, supplier and vendor agreements, licenses and permits, rental and lease agreements, intellectual property and the like to help them determine if they are buying a solid company at a fair price.

Business

Sun Acquisitions

JUNE 26, 2023

This blog post will discuss the different marketing strategies and methods that family business owners can use to ensure they get the best deal while selling their business. Selling a business can be daunting, especially for family-owned businesses that have been built and managed by generations.

Sale

Focus Investment Banking

JUNE 17, 2024

This blog was previously published on Modern Tire Dealer. Five months of due diligence was performed by the buyer on each of the 27 issues and on the business itself. There are several companies that specialize in this type of insurance. The post Escrows in M&A Transactions appeared first on FOCUS.

M&A

OfficeHours

JUNE 30, 2023

Start by writing out the following lines of the income statement: on Revenue EBITDA Less: Depreciation and Amortization (D&A) EBIT Less: Interest Expense EBT / NOPAT Less: Taxes Net income The “less” indicates a subtraction to get the following line (ex. You may be given an assumption for how long the asset’s hold period will be.

Private Equity

Cooley M&A

JULY 14, 2017

The court looked at the plain language of the provision in light of the text and spirit of the entire contract, and concluded that any claims of GAAP non-compliance in the preparation of financial statements should have been addressed through the agreement’s representations and warranties regime. Background facts.

Accountant

Sun Acquisitions

FEBRUARY 20, 2024

However, like any financial transaction, it comes with its own set of risks and complexities. This blog post will explore the critical aspects of due diligence in seller financing deals and what buyers must know to ensure a successful transaction.

Finance

The M&A Lawyer

AUGUST 31, 2015

financial statements. preparation of interim financial statements. The post Anatomy of an Asset Purchase Agreement appeared first on The M&A Lawyer Blog. Here’s a long list of subjects that may be addressed by seller representations and warranties: organization and good standing. absence of conflicts.

M&A

Sun Acquisitions

JULY 3, 2023

Due diligence is the thorough investigation and examination of a company’s financial, legal, and operational aspects by the potential buyer. In this blog, we’ll explore the role of due diligence in selling your family business, its importance, and best practices for sharing information with potential buyers.

Business

Sun Acquisitions

MARCH 22, 2024

In this blog post, we will delve into the world of M&A due diligence , shedding light on the best practices for conducting a comprehensive evaluation of potential targets. Mergers and acquisitions (M&A) are pivotal in the corporate world, where businesses come together to create new opportunities and enhance their competitive edge.

M&A

Sun Acquisitions

AUGUST 9, 2023

Outline the Business’s Financial Details Potential buyers will want an idea of what they can expect from the business. One way to do this is to develop a detailed financial statement or balance sheet that outlines the business’s expected revenue, historical earnings, expense breakdowns, and future income potential.

Sale

Razorpay

JUNE 10, 2023

Accounting is the process of recording a business’s financial transactions. The objective of accounting is to prepare financial statements like the Balance Sheet, Cash Flow Statement and Income Statement which give detailed insights into the financial performance of a business.

Accountant