Mergers and Inquisitions

MAY 14, 2025

3) Sum-of-the-Parts Valuation and the NAV Model In some verticals, such as renewables, real estate, and transportation, you often take a portfolio approach and assign a specific value to each item on a companys Balance Sheet to determine what its worth. Distributable Cash Flow for Midstream companies).

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

SEPTEMBER 11, 2024

Operating metrics and valuation multiples , especially for the assets and companies that are the most different (see below). So, even if you’re advising entire companies, you must still be familiar with asset-level modeling and valuation and how an entire portfolio works. What Do You Do as an Analyst or Associate?

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

OCTOBER 18, 2023

Yes, ECM/DCM beats options such as the Big 4 firms, small PE/VC firms, corporate banking, corporate finance, valuation firms, etc. On the other hand, I do not recommend capital markets over something like a private equity mega-fund offer , even if the capital markets offer is at a bulge bracket.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

MARCH 22, 2023

First, Credit Suisse is obviously no longer a bulge bracket bank , so I’ll have to update that article. So, if you’ve accepted an offer at CS, all you can do at this point is network around and look at fields outside of IB (Big 4, corporate banking, valuation, corporate finance, etc.),

Bank 98

Bank Banking Government Investment Banking 98

Mergers and Inquisitions

DECEMBER 4, 2024

This sector is the most different in terms of valuation and technical analysis because of nuances around licensing, player salaries, and different revenue streams. Be prepared to discuss a recent sports deal (ideally involving a team or league) and have a rough idea of the trends, drivers, and valuation differences (see below).

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

AUGUST 23, 2023

All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates. So, consider related roles such as corporate banking, Big 4 firms , business valuation firms , corporate finance at normal companies, etc.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

JANUARY 22, 2025

At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. bulge bracket research team to startup PE firm). consolidation accounting , lease accounting , etc.).

Investment Banking 64

Investment Banking Equities Bank Banking 64

Mergers and Inquisitions

JUNE 5, 2024

Your “Plan B” options could be anything discussed in the lateral hiring article : Big 4 roles , independent valuation firms , corporate banking , corporate finance , corporate development , credit analysis , real estate lending , etc.

Investment Banking 59

Investment Banking Management Bank Banking 59

Cooley M&A

FEBRUARY 1, 2024

Private equity slowed but not stopped by financing environment Despite record amounts of dry powder accumulating for sponsors, high financing costs, persistent valuation gaps and a closed tech IPO market led to a significant decrease in private equity M&A activity in 2023. in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

SEPTEMBER 6, 2023

Secondary Transactions: If there’s a “secondary transaction,” i.e., an existing investor sells its stake in the fund, the fund must get a Fairness Opinion or valuation opinion to demonstrate that the price and terms are reasonable. In the U.S., Up until now, the HSR filing has mostly been a formality.

Private Equity 105

Private Equity Equities Finance Finance 105