OfficeHours

MAY 19, 2023

If you’ve ever thought that Buyside might be for you — whether it be Growth Equity, Private Equity, Hedge Funds, Corporate Development, Venture Capital, etc. A Few Reads to Digest Valuation Simplified: How Discounted Cash Flow Modeling Drives Financial Analysis Harness Discounted Cash Flow (DCF) modeling for financial analysis.

Discounted Cash Flow

Shearman & Sterling

JULY 25, 2017

per share. . ("Softbank") on claims of breaches of fiduciary duty and aiding and abetting, respectively, in connection with Sprint's merger with Clearwire Corporation ("Clearwire"); and (ii) appraised the fair value of Clearwire's stock at the time of the merger, awarding the dissenting stockholder petitioners $2.13

Discounted Cash Flow

Shearman & Sterling

JULY 25, 2017

per share. . ("Softbank") on claims of breaches of fiduciary duty and aiding and abetting, respectively, in connection with Sprint's merger with Clearwire Corporation ("Clearwire"); and (ii) appraised the fair value of Clearwire's stock at the time of the merger, awarding the dissenting stockholder petitioners $2.13

Discounted Cash Flow

Sun Acquisitions

NOVEMBER 17, 2023

Mergers and acquisitions (M&A) have long been a cornerstone of corporate growth and strategy. Discounted Cash Flow (DCF): DCF is a fundamental valuation method that estimates the present value of a company’s future cash flows. It involves forecasting cash flows and applying a discount rate.

Mergers and Acquisitions

MergersCorp M&A International

NOVEMBER 1, 2024

Asset management companies are integral players in the financial services sector, managing investments on behalf of clients, which can include individuals, institutions, and corporations. Discounted Cash Flow (DCF) Analysis: A DCF model is often used to estimate the intrinsic value of the company based on projected future cash flows.

Asset Management

Francine Way

JULY 17, 2017

While this method is not usually used by strategic acquirers (corporations) to justify their offers, savvy strategic acquirers do perform the analysis to figure out what a PE competitor in an auction environment would be willing to pay for a target. The sample file for our LBO analysis can be accessed here.

Valuation

Mergers and Inquisitions

DECEMBER 20, 2023

Corporate finance roles at nearby companies. Corporate banking. Yes, you can read guides , take courses , and watch YouTube videos , but you should also spend a few hours building simple DCF models or 3-statement models to learn the key concepts. Internships at local venture capital or private equity firms. Wealth management.

Investment Banking

Mergers and Inquisitions

MARCH 13, 2024

Similarly, SoftBank has played a big role in growth equity (for better or worse…) but it’s the investing arm of a corporation, not a standalone PE/VC firm. Financial Modeling: Like private equity, 3-statement models are common, as are valuations and DCF models , but LBO models are less common since not all deals use debt.

Private Equity

Peak Frameworks

MAY 2, 2024

Valuation Techniques: Employing discounted cash flow (DCF) and comparative analysis to ascertain the target’s value. Conclusion Vertical merger integration represents a strategic maneuver in the corporate finance playbook, offering the potential for cost savings, supply chain efficiencies, and market control.

Mergers

Mergers and Inquisitions

JANUARY 10, 2024

You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on. Think: benchmarking portfolios rather than modeling companies. As with the job itself, the theme is breadth over depth.

Investment Banking

Mergers and Inquisitions

JUNE 21, 2023

Some MENA-based banks also do a lot of deals in the region, but as in Hong Kong and Canada , they tend to focus on corporate bonds for domestic companies ( DCM ). Example firms here include Riyadh Bank Ltd, Saudi National Bank SJSC, Abu Dhabi Commercial Bank, First Abu Dhabi Bank, and the Arab Banking Corporation. 7,200 | U.K.:

Investment Banking

Devensoft

AUGUST 22, 2023

The Enterprise Value Calculator incorporates various techniques, such as the discounted cash flow (DCF) method, market multiples, and comparable transactions analysis. Discount Rates Discount rates are used in the DCF method to determine the present value of future cash flows.

Valuation

Mergers and Inquisitions

NOVEMBER 1, 2023

In terms of mobility , you could easily join a healthcare investment banking team , move to a portfolio company in a corporate development role, or potentially even move into venture capital if you’ve had some life sciences exposure. Interview Guide : There’s a DCF case study based on Attendo AB, a healthcare facility company in Sweden.

Private Equity

Mergers and Inquisitions

OCTOBER 18, 2023

Specifically, private equity is not feasible from most ECM or DCM teams, hedge funds are also challenging, venture capital is a stretch, and you won’t have the right skills for corporate development. If you want a long-term finance career (stay in banking or switch to private equity, corporate development, hedge funds, etc.),

Capital Market

Mergers and Inquisitions

APRIL 19, 2023

Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). AISC is usually defined as the cash costs to operate the mine plus corporate G&A, reclamation costs, exploration/study costs, and the required development and CapEx. Freeport-McMoRan (U.S.),

Investment Banking

Cooley M&A

JULY 9, 2021

Case Name Difference from Deal Price (%) Court’s Valuation Method Noteworthy Aspects of Sales Process / Target Status Jarden Corporation (VC Slights – Del. January 2020) +12% DCF Private target; unreliable sales process Final (affirmed on appeal on January 22, 2021) Synapse Wireless (VC Slights – Del. Waiver of Appraisal Rights.

Mergers and Acquisitions

Mergers and Inquisitions

SEPTEMBER 20, 2023

A: Assuming it is developing patent-protected products, you usually use a Sum-of-the-Parts DCF where you project revenue and expenses for each drug, discount the cash flows to Present Value, and then add them up. Q: How do you value a biotech startup?

Capital

Mergers and Inquisitions

JULY 19, 2023

Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations. But you can still move to other AM firms or consider “corporate” roles at normal companies. For example, a long-only hedge fund might do a deep dive into one company, acquire a 10% stake, and hold it for 5 years.

Funds

Mergers and Inquisitions

JULY 26, 2023

For example, you could take one of the companies you found in the screening process and build a simple 3-statement model and DCF model for it. You could then list this work on your resume as part of the “deal process” you went through for this one potential acquisition target.

Private Equity

Mergers and Inquisitions

APRIL 5, 2023

You won’t have time to build a simple DCF model or do more than look at multiples and qualitative descriptions, so you must think and act quickly based on limited information. The best way to prepare for the case study or stock pitch is to practice reading about different companies and making decisions quickly.

Recruitment

Mergers and Inquisitions

MARCH 5, 2025

For example, a top MBA or a stint in corporate or business development at a healthcare company would help your case significantly. Stick to straightforward companies with 1 2 main products and aim for simple DCF models that take no more than ~100 rows in Excel. How long will it take for the drug to launch and reach peak sales?

Funds