Mergers and Inquisitions

SEPTEMBER 13, 2023

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” Distressed debt investing offers advantages over other hedge fund strategies , but the marketing often oversells the benefits.

Debt

PE Hub

JUNE 9, 2023

In this role, Lizak will focus on managing the credit strategy of the firm and expanding the firm's equity and debt investor base across the Civitas lodging platform. The post Civitas Capital Group recruits Lizak as investments managing director appeared first on PE Hub.

Investment Manager

Mergers and Inquisitions

JULY 23, 2025

So, I’ll take a different approach here and focus on the differences in careers and recruiting , including interviews, advancement, salaries, and exit opportunities. Recruiting into commercial banking roles is less competitive than IB, and you could win them with less impressive stats, such as a mid-tier university, a 3.4

Investment Banking

TechCrunch: M&A

JUNE 29, 2023

million debt. In a series of recruitment posts on Jike, a social network popular in the Chinese tech community, Wang initially said he planned to personally invest $50 million in Light Years Beyond. million in debt. million in debt. million in cash. It’s also taking on the startup’s $50.66

Debt

Mergers and Inquisitions

MAY 29, 2024

This article will focus on careers and recruiting , while the accompanying YouTube video will discuss the technical/modeling aspects in more detail. Many of these assets last for decades , have stable/predictable cash flows , use substantial Debt (50 – 60%+ of the total price), and use sized and sculpted Debt.

Corporate Finance

OfficeHours

JUNE 30, 2023

To go from equity value to enterprise value, add the net debt (debt minus cash) of the company to equity value. Step 3: Calculate Debt and Equity Funding Amounts (Sources & Uses) Since LBOs are financed using a combination of debt and equity, you’ll need to determine how much of each will be used in the transaction.

Private Equity

Mergers and Inquisitions

OCTOBER 18, 2023

or debt offerings (investment-grade or high-yield bonds). Capital Markets vs. Investment Banking: Recruiting and Interviews Very little about the recruiting process is different, partially because each bank does it differently. You can expect the same early recruiting timeline in the U.S.,

Capital Market

OfficeHours

JULY 4, 2023

We have an intimate understanding of both on-cycle and off-cycle recruiting and have a track record of placing candidates from all backgrounds (both non-target and target). Private Equity Course Curriculum Overview Module 1 – Buyside Recruiting 101Lessons: Introduction to OfficeHours (start here!), WHY CHOOSE US?

Sale

American Banker - Investment Banking

NOVEMBER 28, 2023

investment banking arms have been adding to their convertible bond teams, anticipating that companies refinancing existing debt will be drawn to the asset class in the next several years. Firms including Banco Santander and Toronto-Dominion Bank's U.S.

Debt

OfficeHours

OCTOBER 20, 2023

Inflation can also have an impact on the cost of debt required to finance an investment. Inflation itself does not directly affect the cost of debt or interest; rather, since inflation and interest rates are very closely related, changes in inflation impact changes in interest rates.

Investors

OfficeHours

OCTOBER 17, 2023

Existing Debt The US is a country riddled with debt. Others may have car payments, mortgages, credit card debt, or other debt that could hang over their head as a large liability. Yes, I’m interested! No, I’m not Login or Subscribe to participate in polls.

Private Equity

Mergers and Inquisitions

MAY 15, 2024

Private equity value creation came on my radar a few years ago when I noticed something: Even though traditional PE deal roles were not doing well, “operational” or “value creation” teams still seemed to be recruiting. People: Hire more experienced managers; improve the recruiting and onboarding processes.

Private Equity

Mergers and Inquisitions

MARCH 13, 2024

Growth Equity vs. Venture Capital vs. Private Equity On the Job: Growth Equity Careers Growth Equity Recruiting Growth Equity Interviews and Case Studies Compensation and Exits Pros and Cons and Final Thoughts What is Growth Equity? Debt financing is much more common, and the GE firm is often the first institutional investor.

Private Equity

Mergers and Inquisitions

MAY 10, 2023

The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets. The deal types span a wide range, but equity and debt deals are more common than M&A since many companies in emerging markets are in “growth mode.” As in the U.S.,

Investment Banking

OfficeHours

OCTOBER 23, 2023

Once the terms are agreed upon, the acquisition is financed through a combination of debt and equity from the PE firm , as with a typical transaction. This results in the target company receiving a potentially very different capital structure than they previously had, typically with higher debt levels.

Investors

OfficeHours

JULY 18, 2023

It quickly became uneconomical for exploration and production companies to keep on drilling, meaning there was no need for the equity and debt capital that was typically raised on a quarterly basis. As you can imagine, this wasn’t great news for our bonuses or buyside recruiting opportunities.

Investment Banking Analyst

Mergers and Inquisitions

NOVEMBER 22, 2023

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

Bulge Bracket

OfficeHours

JULY 18, 2023

If the larger roll-up acquirer has the ability to finance these acquisitions with incremental debt capacity, the equity value uplift may be even greater (although the reasons for this are beyond the scope of this article). This begs an important question: why do roll-ups receive a higher value than smaller acquisition targets?

Private Equity

OfficeHours

AUGUST 20, 2023

How to Navigate Recruiting When You Have to be in the Office Life in 2020 was not an easy time for most of us, but one of the few advantages of the pandemic was remote work and the increased flexibility 4. But in private equity, “Intrapreneurship” is key at every level. Join OfficeHours Today!

Private Equity

Mergers and Inquisitions

FEBRUARY 28, 2024

Partially, it’s an issue of accessibility: Everyone understands what happens to the stock price if a company beats earnings… …but few people understand what it means if a company is set to violate a debt covenant on page 214 of its credit agreement. An Example Fixed Income Research Report Recruiting: Who Gets into Fixed Income Research?

Equities

Peak Frameworks

MAY 22, 2023

If you're interested in recruiting for private equity and mastering concepts like the accounting equation, you should check out our Private Equity Course. Liabilities represent the obligations a company has to outside parties, such as debts, loans, and accounts payable. For example, Apple Inc. reported total assets of $338.16

Accountant

Mergers and Inquisitions

JULY 31, 2024

On the Job in Industrials Private Equity Recruiting for Industrials Private Equity Roles Should You Enter the Assembly Line for an Industrials Private Equity Role? Repay Debt Where Possible – The company won’t be able to repay nearly as much going forward due to its much higher Debt in the deal, but it can still make some progress.

Private Equity

Mergers and Inquisitions

APRIL 12, 2023

Over time, investment banking recruiting has become more impersonal with developments like HireVue interviews , online tests, and recruiters conducting the initial screens. People often complain about how it’s impossible to make a “good first impression” in a pre-recorded video or when speaking to a hapless recruiter.

Investment Banking

Growth Business

OCTOBER 25, 2024

To determine the value of the shares specifically, you need to adjust for the debt and cash in the business. Where you end up in the range (or if you are on outlier outside that) depends on the nuances of your business and the investment process you are running.

Equities

Growth Business

JUNE 7, 2023

The company is now recruiting for various positions including a data scientist , motor claims specialist and executive assistant in London. It’s also the second Black-founded unicorn in the UK, and co-founders and brothers Oliver and Alexander Kent-Braham, along with CTO David Goaté have set their sights on disrupting the insurance industry.

Funds

OfficeHours

AUGUST 7, 2023

Many young professionals undergoing the PE recruiting process will go through a case study at some point in the interview process. Start with assumptions towards the top, followed by sources and uses, the income statement, cash flow build, debt schedule, and finally returns. and formatting for numbers, dollars, and percentages.

Investment

Mergers and Inquisitions

MAY 24, 2023

I’ll do a deep dive into the entire space in this article, including the top funds, example trades, recruiting, exit opportunities, and more. Distressed / Restructuring – These funds invest in the debt or equity of distressed companies or ones entering the bankruptcy process. Recruiting: Who Wins Offers at Event-Driven Hedge Funds?

Funds

How2Exit

MAY 15, 2023

He was recruited to Teal College, which is between Pittsburgh, Erie, and Youngstown in Western Pennsylvania. Concept 4: Leverage Debt For Multiple Expansion Leveraging debt for multiple expansion is a strategy used by private equity firms to increase their value and profitability.

M&A

Mergers and Inquisitions

JANUARY 31, 2024

This setup creates many differences with multi-manager (MM) hedge funds , from investment styles to recruiting and careers. This is especially common in areas like distressed debt investing that depend heavily on catalysts. Since teams are small and want to retain talent, turnover tends to be much lower than at the MM funds.

Funds

Mergers and Inquisitions

JANUARY 10, 2024

By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring. Recruiting in Wealth Management vs. Investment Banking You should know all about IB recruiting from reading this site, but it’s insanely competitive and starts very early.

Investment Banking

Focus Investment Banking

OCTOBER 30, 2023

You probably couldn't do an ESOP with a small proprietorship because you may not be able to raise the debt involved and there are ongoing expenses to managing an ESOP a business must be able to afford. At the company level, an ESOP is an attractive employee benefit that can be used in recruiting and retention. continues Beard. “I

Debt

Wall Street Mojo

JANUARY 4, 2024

Determine the mix of debt and equity required to finance the deal. For instance, interest expense is applicable when funding sources include debt. The debt was $200 million, and the cash was $120 million. Let us solve the paper LBO for private equity recruiting. After this, deduct applicable expenses.

Private Equity

Mergers and Inquisitions

JULY 19, 2023

Non-Equity Funds – Finally, it is difficult to “short” certain securities effectively, such as distressed debt and many types of credit (especially structured products ). So, you must pay close attention to the markets, earnings, and any events that potentially impact the company’s debt covenants.

Funds

Tyton Partners

APRIL 1, 2024

A variety of challenging dynamics, from evolving student demographics and stranded student debt to concerns over the value of the degree to eliminating the college degree as a job requirement to calls for increased regulation, have left the sector and those who work in it feeling beleaguered.

Education

Growth Business

AUGUST 7, 2023

Commercial loans are a popular debt option as they are flexible and can be structured to help fund a basket of things needed to grow a small business, such as operational infrastructure, commercial property investment, and even recruitment.

Funds

Wizenius

JUNE 5, 2023

To stand out from the crowd and catch the attention of recruiters, it is essential to include relevant keywords that demonstrate your expertise and align with the expectations of the industry. In the highly competitive field of investment banking, a well-crafted resume can be the key to landing coveted interview opportunities.

Investment Banking

Mergers and Inquisitions

JULY 17, 2024

Financials are usually in the #1 spot because banks and insurance firms constantly issue debt; other sectors trade places in the rankings. Investment Banking in India: Recruiting and Interviews Getting into the industry is the main problem with investment banking in India. Among the bulge brackets, the U.S.-based

Investment Banking