Remove Boutique Remove Capital Market Remove DCF
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Infrastructure Investment Banking: Definitions, Deals, and a Dizzying Diversity of Verticals

Mergers and Inquisitions

Capital Markets: Companies in most of these verticals use high leverage because they tend to own and operate assets with predictable/stable cash flows that are often locked in by long-term leases or power purchase agreements (PPAs). DCF: Deducts the full Interest Expense and deducts only Maintenance CapEx.

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Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions

Mergers and Inquisitions

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?