Cooley M&A

JULY 9, 2021

In the Delaware appraisal decisions that have followed, the court has consistently found deal price (minus synergies) to be the most reliable indicator of fair value, so long as there was a sufficiently robust sales process that bore “objective indicia” of reliability. Pre-Payment of Appraisal Award Non-Refundable.

Mergers and Acquisitions 52

Mergers and Acquisitions Sale Shares Entertainment 52

Successful Acquisitions

MARCH 2, 2023

We see payables from customers, but not the long relationship and reputation that fostered those sales. sales or 7x EBITDA. Another potential problem is that the value, EBITDA and Sales figures reported may not be accurate for private companies. The DCF Approach has its own share of drawbacks as well however.

Valuation 52

Valuation Discounted Cash Flow DCF M&A 52

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. If you’re a more experienced candidate, investment banking is a great background for these multi-managers , but many people also get in from equity research and sales & trading backgrounds.

Funds 104

Funds Management Recruitment Portfolio 104

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

OCTOBER 18, 2023

Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” You’ll also draft sales team memos and registration statements and conduct due diligence if you’re leading the offering. Should You Accept a Capital Markets Internship or Job Offer?

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

NOVEMBER 1, 2023

At the time of the deal, it was expected to grow sales at 3-5%: Remember that PE deals do not require “growth.” Interview Guide : There’s a DCF case study based on Attendo AB, a healthcare facility company in Sweden. Advanced Financial Modeling : There’s a case study on Jazz Pharmaceuticals if you’re more interested in that vertical.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Mergers and Inquisitions

SEPTEMBER 20, 2023

If you worked at a startup, how did you win more customers or partners in a sales or business development role? 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.

Capital 59

Capital Valuation Investment Portfolio 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 Bank Banking Investment 52

Mergers and Inquisitions

JANUARY 22, 2025

The difference is that IB is more of an explicit sales job , as deals must close for the bank to earn fees. Equity research at the senior levels does require sales skills, but its more about being a conduit than a closer. Investment Banking: Which Ones Right for You?

Investment Banking 64

Investment Banking Equities Bank Banking 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. For example, a company may have won approval for its drug and indicated that its expected peak sales will be $5 billion annually. also find their way into the industry.

Funds 64

Funds Healthcare Mergers and Acquisitions Valuation 64

Mergers and Inquisitions

NOVEMBER 20, 2024

Communication/presentation skills and technical/modeling/deal skills are all quite important, but “sales skills” are also crucial if you’re interviewing at a firm with significant sourcing. If the company executes well, it could easily reach $250 – $300 million in sales over the next 5 years, up from $90 million at the time of the deal.”

Private Equity 59

Private Equity Equities Capital Valuation 59