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

Mergers and Inquisitions

Investment Banking Definition: Investment bankers advise companies on mergers, acquisitions, and debt and equity deals and earn fees for closed deals; equity research professionals follow public companies, issue buy/sell/hold recommendations, interface between management teams and investors, and earn money from selling their research.

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Infrastructure Investment Banking: Definitions, Deals, and a Dizzying Diversity of Verticals

Mergers and Inquisitions

However, public finance teams advise only governments, non-profits, and tax-exempt entities not private corporations and the scope of deals and industries is much narrower. The main differences vs. project finance are that infrastructure IB teams tend to work at the corporate level , and they advise/arrange more than just the financing.

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M&A Blog #16 – valuation (Discounted Cash Flow)

Francine Way

As I mentioned in my last post, Discounted Cash Flow (DCF) is a valuation method that uses free cash flow projections, a discount rate, and a growth rate to find the present value estimate of a potential investment. The major steps of DCF are: Identify extraordinary, unusual, non-recurring items from the target’s 10-Ks and 10-Qs.

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The 11 Concepts And Ideas I Learned From Interviewing ChatGPT On How To Buy A Business.

How2Exit

Small and medium-sized businesses (SMBs) are typically characterized by their relatively small number of employees, revenue, and market share compared to large corporations. Concept 6: Value Assets With DCF (Discounted Cash flow) One of the most important tools in the negotiation process is the discounted cash flow (DCF) method.

Business 130
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Evaluating Asset Management Companies: Key Metrics and Methodologies

MergersCorp M&A International

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.

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M&A Blog #19 – valuation (Leveraged Buy Out - LBO)

Francine Way

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 130
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Growth Equity: The Child Prodigy of Private Equity and Venture Capital, or an Artifact of Easy Money?

Mergers and Inquisitions

There’s usually a long list of previous VC investors as well. Debt financing is much more common, and the GE firm is often the first institutional investor. 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.