Mergers and Inquisitions

MARCH 13, 2024

Some argue that GE offers the best of both worlds: the opportunity to fund innovation and growth – as in venture capital – plus the ability to limit downside risk and invest in proven companies – as in private equity. Over the past few decades, growth equity (GE) has gone from an afterthought to a major asset class for huge investment firms.

Private Equity 105

Private Equity Equities Capital Portfolio 105

Mergers and Inquisitions

OCTOBER 18, 2023

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking? Do you learn anything?

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

JANUARY 10, 2024

You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on. It would be smarter to get more relevant internships – anything involving deals, modeling, or individual investments – even if they’re at boutiques or other, smaller firms.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

DECEMBER 20, 2023

Internships at local venture capital or private equity firms. Internships at regional boutique banks. Yes, you can read guides , take courses , and watch YouTube videos , but you should also spend a few hours building simple DCF models or 3-statement models to learn the key concepts. Corporate finance roles at nearby companies.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

JUNE 21, 2023

Many people would say that the elite boutiques – specifically, Moelis and Rothschild – are the top banks in the region based on deal activity, business model, and overall experience. Among the other banks, HSBC usually makes a strong showing, most middle-market banks are barely present, and the other elite boutiques (Evercore, Lazard, etc.)

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

APRIL 19, 2023

For example, Capital IQ splits up the sector by metal type (aluminum, diversified, copper, gold, precious metals, silver, and steel). Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). However, mining companies are usually classified based on their focus metal.

Investment Banking 52

Investment Banking Bank Banking Investment 52