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Project Finance vs. Corporate Finance: Careers, Recruiting, Financial Modeling, and More

Mergers and Inquisitions

This article will focus on careers and recruiting , while the accompanying YouTube video will discuss the technical/modeling aspects in more detail. Many of these assets last for decades , have stable/predictable cash flows , use substantial Debt (50 – 60%+ of the total price), and use sized and sculpted Debt.

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Corporate Finance Jobs: Cozy Careers, But Bad “Plan B” Options

Mergers and Inquisitions

Depending on your group , you’ll spend time on tasks such as creating 5-year plans, conducting variance analysis, making sure transactions are properly recorded, reconciling the historical financial statements, and managing the company’s cash, cash flow, and borrowing needs. What Are Corporate Finance Jobs?

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06-30-2023 Newsletter: Mastering the Paper LBO: A Crucial Part of the Private Equity Interview Process

OfficeHours

To go from equity value to enterprise value, add the net debt (debt minus cash) of the company to equity value. Step 3: Calculate Debt and Equity Funding Amounts (Sources & Uses) Since LBOs are financed using a combination of debt and equity, you’ll need to determine how much of each will be used in the transaction.

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What is the Accounting Equation? Explaining Assets = Liabilities + Equity

Peak Frameworks

If you're interested in recruiting for private equity and mastering concepts like the accounting equation, you should check out our Private Equity Course. Liabilities represent the obligations a company has to outside parties, such as debts, loans, and accounts payable. For example, Apple Inc. reported total assets of $338.16

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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

Partially, it’s an issue of accessibility: Everyone understands what happens to the stock price if a company beats earnings… …but few people understand what it means if a company is set to violate a debt covenant on page 214 of its credit agreement. An Example Fixed Income Research Report Recruiting: Who Gets into Fixed Income Research?

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Long-Only Hedge Funds: A Cozy Career, or a Complete Contradiction?

Mergers and Inquisitions

Non-Equity Funds – Finally, it is difficult to “short” certain securities effectively, such as distressed debt and many types of credit (especially structured products ). Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations. hiring MDs to analyze biotech companies).

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How to Conduct an M&A Risk Assessment

M&A Leadership Council

Assemble a cross-functional team with expertise in finance, operations, legal, HR, and strategy: Identify and recruit team members with relevant experience and skills. Key Components of an M&A Risk Assessment 1. Establish communication protocols and reporting structures. Assign roles and responsibilities to each team member.