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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

The company announced its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation. On the one hand, while X1’s valuation is not known, it looks like Robinhood is getting a good deal with $95 million. For example, Petal raised $140 million in 2022 at an $800 million valuation.

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Michael Mufson Discusses Investment Banking and Business Exit Strategies

How2Exit

Throughout his career, he has been instrumental in underwriting IPOs for family-held businesses and tracking the evolution of private equity. He also stresses the necessity of understanding the valuation of a business, customer concentration, and other factors that can affect a company’s saleability.

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Investment Banking – Meaning, Functions and More

Razorpay

Investment banking is a branch of banking that organizes and enables large, complex financial transactions for businesses, like mergers, IPOs or underwriting. This is called underwriting. Let’s say ABC Investment Bank agrees to underwrite 1 lakh shares out of the total 5 lakh shares that Meena’s business is offering.

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How to Ace your PE Case Study

OfficeHours

Remember that a sellside’s projections will almost always be more aggressive than a PE firm will underwrite, so you’ll want to haircut them significantly. As you fill in the model, think about the growth projections you saw in the CIM for the income statement. Good luck preparing for your case study!

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Dual-Track Processes: How to Turbocharge Your Exit

Cooley M&A

Even for a thriving business with a viable equity story, committed stakeholders and the right advisers, the final deal terms and valuation are typically guided by factors beyond a company’s control. Stock market forces also make the timing of an eventual outright exit and the final blended valuation of equity sales over time uncertain.

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Representation & Warranty (R&W) Insurance – Current Market Trends

Cooley M&A

Pricing – Premium is generally in the range of 2.25% to 3.00% of the policy limit (or $22,500 to $30,000 per $1 million of coverage), including broker commissions (10-20% of the premium) plus underwriting fees (typically between $25,000 and $50,000) and a premium tax. an ARR or MRR multiple). Conclusion.

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Covid-19 Impact on US Private Capital Raising Activity in 2020

InvestmentBank.com

Debt Markets Prior to COVID-19, some analysts and debt underwriters encouraged debt issuers to exercise caution after the tenth straight year of economic expansion [1]. Underwriting a New World. SOURCES [1] Tree Line Annual Report 2020 (2020). Retrieved March 13, 2021, from [link] [2] Middle Market Private Equity Update Q3 2020 (2020).