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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.

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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). Sellers should also ask what class of stock the minority investment will comprise.

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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

But you would not build models for M&A deals, leveraged buyouts, or debt/equity issuances in research or at least, they would be far simpler than the IB versions. Sure, some Analysts add value and understand companies at a deep level, but do we need 30 teams covering a single large-cap stock? No, probably not.

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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.

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

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

OfficeHours

To go from equity value to enterprise value, add the net debt (debt minus cash) of the company to equity value. There are a few other elements you can also add, such as preferred stock or noncontrolling interest , to get from equity value to enterprise value. On the source side, you will have two lines: debt and equity.

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People Moves Monday: Updates from the trading desk

The TRADE

Head of UBS’ Neo business, Nej D’jelal, left the bank to join the London Stock Exchange Group (LSEG) as head of its Workspace platform, effective from the end of this month. Mazin previously spent 15 years working for Barclays’ investment banking arm, Barclays Capital, focused on distressed and emerging markets debt.

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