Lake Country Advisors

AUGUST 8, 2024

Precedent Transactions Analysis (PTA) Precedent Transactions Analysis (PTA) is a valuation method that analyzes the prices paid for similar companies in past mergers and acquisitions. First, list recent mergers and acquisitions in the healthcare sector involving companies similar to HealthCo. million + $1.65 million + $2.25

Valuation 97

Valuation Discounted Cash Flow S&P DCF Analysis 97

Shearman & Sterling

JULY 25, 2017

. ("Softbank") on claims of breaches of fiduciary duty and aiding and abetting, respectively, in connection with Sprint's merger with Clearwire Corporation ("Clearwire"); and (ii) appraised the fair value of Clearwire's stock at the time of the merger, awarding the dissenting stockholder petitioners $2.13

Discounted Cash Flow 52

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Mergers and Inquisitions

MAY 3, 2023

It can be useful for certain companies, such as power and utility firms and midstream (pipeline) operators in oil & gas … …but it’s also much harder to set up and use than a standard DCF. The basic set of steps looks like this: Step 1: Forecast Revenue and Expenses This is the same as in any other 3-statement model or DCF.

Valuation 64

Valuation DCF Debt Financial Modeling 64

Shearman & Sterling

JULY 25, 2017

. ("Softbank") on claims of breaches of fiduciary duty and aiding and abetting, respectively, in connection with Sprint's merger with Clearwire Corporation ("Clearwire"); and (ii) appraised the fair value of Clearwire's stock at the time of the merger, awarding the dissenting stockholder petitioners $2.13

Discounted Cash Flow 40

Discounted Cash Flow DCF Corporation Mergers 40

Devensoft

AUGUST 22, 2023

Are you a business leader eyeing expansion through acquisitions or an investor weighing potential mergers? Delve into fundamental concepts like EBITDA multiples, discount rates, and terminal values, empowering you to wield sound judgment in the realm of mergers and acquisitions.

Valuation 52

Valuation M&A Utilities Mergers and Acquisitions 52

Wizenius

JUNE 5, 2023

M&A (Merger and Acquisitions): As an investment banking professional, showcasing your experience and knowledge in mergers and acquisitions (M&A) is crucial. Let's dive in! Highlight any involvement in M&A transactions, such as due diligence, financial analysis, deal structuring, or client advisory.

Investment Banking 52

Investment Banking Banking Bank Investment 52

Mergers and Inquisitions

MARCH 13, 2024

Financial Modeling: Like private equity, 3-statement models are common, as are valuations and DCF models , but LBO models are less common since not all deals use debt. You could easily get asked to complete an LBO modeling test, a 3-statement model, or a DCF, and standard IB interview questions and VC interview questions could come up.

Private Equity 105

Private Equity Equities Capital Portfolio 105

Mergers and Inquisitions

DECEMBER 20, 2023

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. The post How to Get an Investment Banking Internship appeared first on Mergers & Inquisitions.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Mergers and Inquisitions

DECEMBER 6, 2023

So, expect a lot of quarterly financial projections , quick public comps , and simple DCF models linked to specific catalysts. appeared first on Mergers & Inquisitions. If Company Z announces a new product at this upcoming conference, how much could its stock price increase? Do Multi-Manager Hedge Funds Deliver?

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Funds Management Recruitment Portfolio 104

Successful Acquisitions

MARCH 2, 2023

The third and final approach that I’ll discuss is the Discounted Cash Flow (“DCF”) Approach. The DCF Approach has its own share of drawbacks as well however. This method is one that removes the market from the analysis and instead examines a business in its purest form – as a cash flow producing entity.

Valuation 52

Valuation Discounted Cash Flow DCF M&A 52

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. The post Wealth Management vs. Investment Banking: Career Deathmatch appeared first on Mergers & Inquisitions. As with the job itself, the theme is breadth over depth.

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Investment Banking Management Banking Bank 59

Mergers and Inquisitions

JUNE 21, 2023

Most of our students and coaching clients in the Middle East have had to complete modeling tests or case studies, even for entry-level roles, and something like the 90-minute 3-statement modeling test or DCF model on this site could easily come up. appeared first on Mergers & Inquisitions.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Cooley M&A

JULY 9, 2021

To determine the fair value of Regal’s common stock at the effective time of the merger, the court reduced the deal price by $3.77/share, January 2020) +12% DCF Private target; unreliable sales process Final (affirmed on appeal on January 22, 2021) Synapse Wireless (VC Slights – Del.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Mergers and Inquisitions

NOVEMBER 1, 2023

Interview Guide : There’s a DCF case study based on Attendo AB, a healthcare facility company in Sweden. Venture Capital Modeling : There are examples of early-stage and pre-revenue biotech valuations here, including a Sum-of-the-Parts DCF for Ventyx.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

RKJ Partners

AUGUST 6, 2017

For the purposes of this article, we will focus on valuation from the perspective of a merger and acquisition transaction, and specifically from the viewpoint of a buyer evaluating a business for sale. This means that the method evaluates the future cash flow of the company and then discounts those cash flows to the present day.

M&A 40

M&A Valuation Mergers and Acquisitions Discounted Cash Flow 40

Mergers and Inquisitions

MAY 29, 2024

Outside of LBOs, this Exit Value or Terminal Value concept is widely used in other corporate finance analyses, such as the DCF model. The post Project Finance vs. Corporate Finance: Careers, Recruiting, Financial Modeling, and More appeared first on Mergers & Inquisitions.

Corporate Finance 59

Corporate Finance Financial Models Financial Modeling Finance 59

Mergers and Inquisitions

APRIL 19, 2023

Metals & Mining Investment Banking Definition: In metals & mining investment banking, professionals advise companies that find, produce, and distribute base metals, bulk commodities, and precious metals on debt and equity issuances and mergers and acquisitions. What Do You Do as an Analyst or Associate in the Group?

Investment Banking 52

Investment Banking Banking Bank Investment 52

Mergers and Inquisitions

OCTOBER 18, 2023

So, prepare for the usual categories , but shift some of your time away from merger and LBO models and learn about IPOs and convertibles for ECM or bond math for DCM. The post Capital Markets vs. Investment Banking: Deals, Careers, Recruiting, Exits, and Offer Decisions appeared first on Mergers & Inquisitions.

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

SEPTEMBER 20, 2023

A: Assuming it is developing patent-protected products, you usually use a Sum-of-the-Parts DCF where you project revenue and expenses for each drug, discount the cash flows to Present Value, and then add them up. The post Venture Capital Interview Questions: What to Expect and How to Prepare appeared first on Mergers & Inquisitions.

Capital 59

Capital Valuation Investment Portfolio 59

Mergers and Inquisitions

JULY 26, 2023

For example, you could take one of the companies you found in the screening process and build a simple 3-statement model and DCF model for it. appeared first on Mergers & Inquisitions. You could then list this work on your resume as part of the “deal process” you went through for this one potential acquisition target.

Private Equity 52

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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. appeared first on Mergers & Inquisitions. The difference is that hedge funds have far more latitude in what they buy and sell, how long they hold positions, and much work they do for each position.

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Funds Asset Management Management Equities 52

Mergers and Inquisitions

APRIL 5, 2023

You won’t have time to build a simple DCF model or do more than look at multiples and qualitative descriptions, so you must think and act quickly based on limited information. The post Sovereign Wealth Funds: The Full Guide to the Industry, Recruiting, Careers, and Exits appeared first on Mergers & Inquisitions.

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Recruitment Funds Private Equity Investment 59

Mergers and Inquisitions

JANUARY 22, 2025

For example, in IB interviews, youll have to know about accounting, valuation/DCF analysis, merger models, and LBO models plus the usual fit/behavioral questions , your resume walkthrough , and a few recent deals. On the other hand, IB beats it for deal-based hedge fund strategies, such as merger arbitrage and activist investing.

Investment Banking 64

Investment Banking Equities Banking Bank 64

Mergers and Inquisitions

MARCH 5, 2025

Its more of an industry focus at the intersection of several other strategies , such as long/short equity , event-driven investing , and even merger arbitrage. You could come up with dozens of other potential trades if you also consider call and put options, biotech indices/ETFs, and merger arbitrage ideas.

Funds 64

Funds Healthcare Mergers and Acquisitions Valuation 64

Mergers and Inquisitions

NOVEMBER 20, 2024

Growth Equity Interview Questions: Technical Concepts As with private equity interviews , they could potentially ask you about anything: Accounting , equity value and enterprise value , valuation and DCF analysis , and even merger models and LBO models. You could still use a DCF , but it would have to go far into the future (e.g.,

Private Equity 59

Private Equity Equities Capital Valuation 59