Francine Way

JULY 17, 2017

If these instruments can’t fully cover the Total Uses $ amount, the difference is the amount that the financial sponsor (the PE firm) will have to finance out-of-pocket from their fund. Balance Sheet Assumptions: Days Accounts Receivable (AR) = AR / Revenue * 360. Days Payable = Accounts Payable / COGS * 360.

Valuation 130

Valuation M&A Debt Book-building 130

OfficeHours

OCTOBER 17, 2023

If you do, you may be able to afford to have less in your emergency fund in case something goes wrong (i.e. I like to take advantage of whatever employer-sponsored account is provided to me (HSA, FSA) to cover some of these types of expenses. you get laid off or some other event happens resulting in a decrease in income).

Private Equity 130

Private Equity Debt M&A Investment 130

Peak Frameworks

JUNE 7, 2023

Net Income - It's the starting point for calculating CFO, but it's based on accrual accounting. Because it's based on actual cash generated rather than accrual accounting, which recognizes revenue and expenses when incurred, not necessarily when cash changes hands. For instance, in 2020, IBM reported solid net income.

Financial Analysis 52

Financial Analysis Discounted Cash Flow DCF Valuation 52

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. To be more specific, I would divide the sector into these four categories: Mega-Funds and Large PE Firms – None of these firms specializes in healthcare, but they all have sector teams.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Software Equity Group

FEBRUARY 26, 2024

DCF: Discounted Cash Flow Estimates a company’s value and forecasts future cash flow by incorporating the time value of money. DCF is used when making investment decisions and understanding a business’s current and future value. The cash accounting or the accrual method is used to prepare P&L statements.

Discounted Cash Flow 52

Discounted Cash Flow M&A Profitability S&P 52

Mergers and Inquisitions

DECEMBER 20, 2023

To accomplish that, I recommend the following timeline: How to Get an Investment Banking Internship , Step 1: Your First Year in University You don’t necessarily need to pick your major at this stage, but I would recommend finance/accounting or something that will be useful for a wide range of jobs. Internships at regional boutique banks.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Mergers and Inquisitions

MAY 29, 2024

In other words, if you lend $500 million to fund a new offshore wind development, what are your chances of losing money? Therefore, you’ll probably have to focus on high-profile assets that operate more like normal companies, such as large airports – or research funds or large companies in the sector.

Corporate Finance 59

Corporate Finance Financial Models Financial Modeling Finance 59

Mergers and Inquisitions

SEPTEMBER 20, 2023

Technical Questions – You could get standard questions about accounting and valuation or VC-specific questions about cap tables, key metrics in your industry, or how to value startups. Q: Why not private equity, growth equity, hedge funds, or entrepreneurship? Q: Tell me about the current IPO, M&A, and VC funding markets.

Capital 59

Capital Valuation Investment Portfolio 59

Cooley M&A

JULY 9, 2021

In analyzing synergies, the court clarified that the deal price would be reduced for buyer’s expected synergies , even if those synergies were not ultimately achieved (so long as they were accounted for in the price).

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Mergers and Inquisitions

APRIL 19, 2023

Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). To value it, we build a standard DCF based on production volumes, CapEx to drive capacity, and assumed steel prices: The valuation multiples are also standard (TEV / Revenue, TEV / EBITDA, and P / E).

Investment Banking 52

Investment Banking Banking Bank Investment 52

Mergers and Inquisitions

MARCH 5, 2025

If you had to pick a single industry that could be interesting to every hedge fund investing in individual companies, it might be biotech. Of course, biotech is not an official hedge fund strategy. Example Biotech Trades What Makes Biotech Hedge Funds Different? also find their way into the industry. And What Do They Do?

Funds 64

Funds Healthcare Mergers and Acquisitions Valuation 64

Mergers and Inquisitions

NOVEMBER 20, 2024

Performance and Valuations – PE and VC funds raised in the 2011 – 2020 period have performed decently over the past few years (median IRRs of 15 – 20%), but growth equity has been lower, with a median closer to 10%, likely because there was a much bigger valuation reset in the late-stage funding market and a big drop in exits.

Private Equity 59

Private Equity Equities Capital Valuation 59