Mergers and Inquisitions

MAY 14, 2025

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.

Investment Banking 59

Investment Banking Banking Bank Investment 59

Mergers and Inquisitions

OCTOBER 18, 2023

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?

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

MAY 29, 2024

The term “Project Finance” at large banks refers to a group that operates like Debt Capital Markets or Leveraged Finance but for infrastructure rather than normal companies. This Exit EBITDA Multiple is based on the company’s performance at that time, such as its growth rates, margins, and Return on Invested Capital (ROIC).

Corporate Finance 59

Corporate Finance Financial Models Financial Modeling Finance 59