I see that most large companies have corporate strategy groups which are in charge of M&A deals among other things.
However, all of them hire investment banks as advisers on these deals.
My question is who is doing most of the work on an M&A deal, or where does it overlap?
Walking through a hypothetical deal would be very helpful
Thanks everyone
| +152 | How to stop feeling like shit for not making it in IB? | 57 | 47m | |
| +115 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 58 | 24m | |
| +80 | Updated LA Banking Scene (2024) | 57 | 20m | |
| +38 | Ranking banks that went under | 20 | 8h | |
| +34 | Burnt Out M&A ASO | 18 | 3h | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 12h | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 17h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
| +26 | Intern Ettiquette | 4 | 16h | |
| +23 | What are hours like at BBs in London? | 47 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
bump
ill give you another bump to keep you in the limelight
bump bump
Fine, enough bumps for me to at least partially answer your question.
Look at any merger agreement or S-4 or whatever you call them and you will see the various investment banks give fairness opinions. These fairness opinion will protect the companies from legal harm (in most cases)if the acquisition doesn't pan out. Also, in a lot of situations, it is implicitly understood that if you want financing from a bank on this transaction, you best hire them as advisers too. Another reason is that the bankers know the market for the companies they cover. If you are selling a part of the company you want to get the best price of your shareholders. Most likely, a banker will have already spoken to most of the potential acquirers of the part of the company you are trying to sell and will have a good idea of who is interested and who isn't and at what prices.
Ipsam necessitatibus aut nesciunt quaerat omnis. Sit omnis dignissimos sit dolores non unde qui. Est eos omnis ad dolorum. Debitis veritatis vel adipisci ipsa sit repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...