Mergers and Inquisitions

MARCH 13, 2024

Valuations are high, the returns depend on future growth, and deals are for primary capital , i.e., new cash the business needs. Most of this guide deals with the “late-stage VC” strategy, as dozens of other articles cover private equity strategies such as leveraged buyouts and traditional private equity.

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Mergers and Inquisitions

NOVEMBER 1, 2023

For more on this, please see our healthcare investment banking article. Mispriced Companies and Assets – Some mature healthcare firms trade at low valuation multiples , often because the market misunderstands their contracts, revenue, or track record. Why is Private Equity Interested in a “Boring” Sector Like Healthcare Services?

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Mergers and Inquisitions

APRIL 19, 2023

I think this is a bit too complicated, so this article will use these 3 categories: Base Metals and Bulk Commodities – Anything used for energy (coal), as a precursor to other metals (iron ore), or to produce electronics, batteries, and other products (copper, cobalt, lithium, aluminum, etc.) Most of the differences emerge on the mining side.

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Mergers and Inquisitions

JULY 19, 2023

Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations. These numbers increase at the MBA level (see the mutual funds vs. hedge funds article ), but hedge funds still pay a significant premium. lower intensity). both also do long/short equity).

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Mergers and Inquisitions

OCTOBER 18, 2023

You’ll also have to spend time learning/reviewing the technical questions, as the day-to-day work in ECM and DCM is far removed from subjects like Equity Value vs. Enterprise Value or a DCF model. And now, we return to questions #3 and #4 at the top of this article: 3) How would you compare capital markets and traditional IB offers?

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Mergers and Inquisitions

JANUARY 22, 2025

At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. Equity research at the senior levels does require sales skills, but its more about being a conduit than a closer.

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iMerge Advisors

APRIL 9, 2025

Understanding the Valuation Process For software founders and CEOs, few questions carry more weight than: What is my company worth? Whether you're considering a strategic exit, raising growth capital, or simply planning for the future, understanding your companys valuation is essential. Summary of: What Is My Software Company Worth?

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Mergers and Inquisitions

MAY 14, 2025

DCF: Deducts the full Interest Expense and deducts only Maintenance CapEx. They also serve different purposes; CFADS is used for debt sizing and sculpting , while FFO and DCF are more useful for determining Dividends in the period. There are some famous counter-examples (e.g., KKR betting on always high natural gas prices).

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Mergers and Inquisitions

NOVEMBER 20, 2024

A: See our guide and examples for the “ Walk me through your resume ” question and the article on how to walk through your resume in buy-side interviews. Notice how “price” and valuation are not on this list. To add a growth equity spin, you can talk about wanting to understand operations and unit economics to evaluate companies.

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