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Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

People are convinced that financial modeling in equity research is vastly different from investment banking and that research requires different or more specialized skills. Traditionally, banks gave away equity research reports for free to incentivize large clients to trade with the bank.

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It’s OK to Have Amber Flags on Your Vendor Due Diligence Report

Beyond M&A

Theres a version of Tech Due Diligence that is inherently collaborative because it involves working openly with the target company and the investment bank. Why Team Issues Matter If theres a team issue , it becomes even more important post-investment. At Beyond M&A, we prefer to call it Pre-Emptive Due Diligence.

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Collateralized Debt Obligation (CDO)

Wall Street Mojo

What is a Collateralized Debt Obligation? Table of contents What is a Collateralized Debt Obligation? How does Collateralized Debt Obligation (CDO) Work? CDOs provide investors with a diversified portfolio of debt instruments across different risk levels. read more , etc.

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Bulge Bracket Banks: 2024 Edition

Mergers and Inquisitions

Bulge Bracket Bank Definition: The “bulge brackets” are the largest global banks that operate in all regions and offer all services – M&A, equity, debt, and others – to clients; they work on the biggest deals (usually $1 billion+) and have divisions for sales & trading , equity research , wealth management , corporate banking , and more.

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How Private Equity uses ‘Roll-up’ Strategies to Drive Investment Returns

OfficeHours

If the larger roll-up acquirer has the ability to finance these acquisitions with incremental debt capacity, the equity value uplift may be even greater (although the reasons for this are beyond the scope of this article). investment banking, private equity , VC, etc.) and how our process works.

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Industrials Private Equity: The Best Place for Old-School Deals at Reasonable Multiples?

Mergers and Inquisitions

We covered these three main segments in the industrials investment banking article , and they also apply here. In the early days of institutional private equity, many industrial companies were perceived to be stable, cash-flow-generation machines with significant hard assets that could be used as collateral for debt.

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ESOPs Are an Exit Alternative

Focus Investment Banking

“I did one ESOP where (the business) was $3 million in revenue and a classically challenging situation in that it was a very project-oriented, engineering business (that’s) very difficult to sell otherwise. This tax-exempt status comes into play when structuring and analyzing the debt load the business can carry. It's deferred.

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