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.,

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

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 52

Debt Bank Banking Investment Banking 52

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 130

Investors Private Equity Equities Debt 130

Mergers and Inquisitions

OCTOBER 30, 2024

Recruiting is straightforward and much less competitive / time-sensitive than IB roles; you can get in coming from a solid-but-not-top-tier university with decent grades and good accounting knowledge. Recruiting: How to Win Corporate Finance Jobs Corporate finance jobs are much less competitive than investment banking jobs.

Corporate Finance 105

Corporate Finance Finance Finance Corporation 105

Mergers and Inquisitions

JUNE 11, 2025

Are you recruiting for investment banking roles to double your compensation? I’d summarize the importance of the “tell me about a recent deal” question as follows: Most Important: MBA-level candidates moving into IB from non-finance backgrounds and lateral hires recruiting from non-deal roles. in Year 1 or 2). Why or why not?

M&A 59

M&A Debt Mergers and Acquisitions Bank 59

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 130

Private Equity Debt M&A Investment 130

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 105

Private Equity Equities Consulting Recruitment 105

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 105

Private Equity Equities Capital Portfolio 105

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 105

Investment Banking Bank Banking Investment 105

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 130

Investors Private Equity Equities Debt 130

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 130

Investment Banking Analyst Recruitment Funds Investment Banking 130

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 105

Bulge Bracket Bank Banking Boutique 105

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 130

Private Equity Equities Investment Mergers and Acquisitions 130

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 130

Private Equity Equities Investment Banking Finance 130

Mergers and Inquisitions

JULY 9, 2025

Recruiting: Who Wins Strategic Finance Jobs? At early-stage companies , the role often involves investor relations and debt/equity fundraising as well, since there may not be separate teams for these. Recruiting: Who Wins Strategic Finance Jobs? Salaries and Career Paths in Strategic Finance Do the Exit Opportunities Deliver?

Corporate Finance 59

Corporate Finance Finance Finance Corporation 59

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 66

Private Equity Equities Middle Market Debt 66

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 59

Equities Debt Asset Management Recruitment 59

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 52

Accountant Equities Debt Private Equity 52

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 64

Investment Banking Bank Banking Investment 64

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 98

Equities Investment Private Equity Valuation 98

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 98

Funds Bank Banking Investment 98

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 130

Investment Business Underwriting IT 130

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 59

Funds Management S&P Recruitment 59

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 64

Funds Investors Mergers and Acquisitions Mergers 64

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 59

Investment Banking Management Bank Banking 59

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 130

M&A Mergers and Acquisitions Private Equity Business 130

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 52

Debt Retail Private Equity Business 52

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 59

Investment Banking Bank Banking Bulge Bracket 59

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.

Debt 52

Debt Private Equity Mergers and Acquisitions Investment 52

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 52

Funds Asset Management Management Equities 52

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 93

Funds Finance Finance Business 93

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 59

Education Collaboration Recruitment Management 59

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 52

Investment Banking Bank Banking Investment 52

Intrepid Banker Insights

MARCH 28, 2023

Signals to Watch Given Fed Chairman Powell’s latest remarks on potentially higher and faster rate hikes, it is critical for owners to take a hard look at their debt structures. Both customers and vendors may face similar issues your company is observing, including the rising cost of debt, wage inflation, supply chain imbalances and more.

Capital 52

Capital Advisory Bank Banking 52

How2Exit

MAY 22, 2023

He recruited an executive from Microsoft and was able to get beta programs running in seven companies. Finally, debt financing is another way to access money for acquisitions. Debt financing involves borrowing money from a lender, such as a bank, to purchase a business. After his first exit, he decided to try another startup.

Business 130

Business Book-building Acquisitions Investment 130

Mergers and Inquisitions

NOVEMBER 1, 2023

PE firms view these companies as especially appealing since low multiples mean they can use higher debt percentages to fund the acquisitions. This deal works because SYNLAB can afford to take on a huge amount of Debt and can likely repay it quickly – since its EBITDA was depressed at the time of this acquisition. If you have an M.D.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Mergers and Inquisitions

OCTOBER 16, 2024

For example, internship recruiting starts very early for undergrads in the U.S. , Corporate Banking : You like client relationships and deal processes but want to do more than just debt-related deals. Your answer changes based on your work experience and the type of role you’re targeting (e.g.,

Investment Banking 111

Investment Banking Bank Banking Investment 111