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?

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Peak Frameworks

MAY 2, 2024

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course , which help thousands of candidates land top jobs every year. Anti-trust Issues: Especially in North America, regulatory scrutiny can delay or derail mergers that significantly alter market dynamics.

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Mergers and Inquisitions

APRIL 19, 2023

Metals & mining investment banking used to be a “sleepy” group. But let’s forget about the children temporarily and focus on the verticals, the drivers, deal examples, and the exit opportunities if you escape from the underground mines: What Is Metals & Mining Investment Banking?

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Mergers and Inquisitions

JULY 26, 2023

There are two main reasons to do a search fund internship: As an undergraduate, it gives you highly relevant experience that will be useful when you apply for investment banking internships. And you need early experience to get internships that convert into full-time offers at large banks. Why Do a Search Fund Internship?

Private Equity 52

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Mergers and Inquisitions

MAY 3, 2023

But people who aim for investment banking roles are very much into those bells and whistles, so questions about the DDM and other “exotic” methodologies began rolling in. To be fair, in some industries – like commercial banks and insurance within FIG – the DDM is a core valuation methodology.

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Devensoft

AUGUST 22, 2023

Are you a business leader eyeing expansion through acquisitions or an investor weighing potential mergers? Delve into fundamental concepts like EBITDA multiples, discount rates, and terminal values, empowering you to wield sound judgment in the realm of mergers and acquisitions.

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Mergers and Inquisitions

MARCH 13, 2024

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. Many people still get in from investment banking and management consulting , but some also get in from VC and finance-related jobs at startups.

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Mergers and Inquisitions

NOVEMBER 1, 2023

For more on this, please see our healthcare investment banking article. 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. in biology.

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Mergers and Inquisitions

MAY 29, 2024

Corporate Finance: Careers From a career perspective , “corporate finance” roles are generalist and exist at normal companies, investment banks, and many investment firms. in FP&A roles ) to advising clients on M&A deals in investment banking.

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Mergers and Inquisitions

DECEMBER 6, 2023

So, expect a lot of quarterly financial projections , quick public comps , and simple DCF models linked to specific catalysts. If you’re a more experienced candidate, investment banking is a great background for these multi-managers , but many people also get in from equity research and sales & trading backgrounds.

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Mergers and Inquisitions

JANUARY 22, 2025

People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. Investment banking requires more process and project management skills , while equity research requires stronger creativity and communication skills.

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RKJ Partners

AUGUST 6, 2017

For the purposes of this article, we will focus on valuation from the perspective of a merger and acquisition transaction, and specifically from the viewpoint of a buyer evaluating a business for sale. This means that the method evaluates the future cash flow of the company and then discounts those cash flows to the present day.

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Mergers and Inquisitions

JULY 19, 2023

More differences emerge when you compare long-only hedge funds to long-only asset management: Investment Analysis and Financial Modeling You complete similar analyses and financial models at any “fundamental” firm ( long/short equity , long-only, activist , event-driven , etc.). appeared first on Mergers & Inquisitions.

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Mergers and Inquisitions

SEPTEMBER 20, 2023

No Right or Wrong Answers – Some technical questions have correct answers, but many market and investment ones do not. 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.

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Mergers and Inquisitions

APRIL 5, 2023

So, your best option in most cases is to gain traditional investment banking or private equity experience and use that to move in. It is possible to move in from backgrounds like equity research , hedge funds , or asset management , but you should target groups that do asset allocation and public-market investments rather than deals.

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Mergers and Inquisitions

MARCH 5, 2025

Its more of an industry focus at the intersection of several other strategies , such as long/short equity , event-driven investing , and even merger arbitrage. You could come up with dozens of other potential trades if you also consider call and put options, biotech indices/ETFs, and merger arbitrage ideas.

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Mergers and Inquisitions

NOVEMBER 20, 2024

This site has already covered investment banking interview questions , private equity interview questions , and venture capital interview questions , so the next topic on the list seemed to be growth equity interview questions. You could still use a DCF , but it would have to go far into the future (e.g.,

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