Remove IPO Remove Portfolio Management Remove Professional Services
article thumbnail

Event-Driven Hedge Funds: The Best Home for Bankers Turned Investors?

Mergers and Inquisitions

Jacobs is a moderate-growth, moderate-margin company in the professional services space, currently trading at 1.2x Here it is in the investor presentation: We don’t know the planned valuation for CMS in this spin-off, but let’s assume that Jacobs plans to spin it off at an IPO offering price that implies an 11.5x revenue and 11.5x

Funds 64