Showing results:
Displaying 51 - 100 of 104
M&A to Strategy / Management Consulting?
I am fortunately given the choice between continuing the current M&A route - or moving onto strategy / management consulting within financial services. Both are great companies so the destination isn't the issue. I was wondering whether anyone can share an insight into transitioning from 1 to 2? How...
From Hedge Fund to Corp Fin to M&A
Phewwww, it's been a strange ride, fellas. I would like to gloat about my recent career revelations, while hopefully providing some advice/insight to the people who read. I have just finished up a GE-type Financial Management Program at an F100 firm with an offer for an analyst role within the...
Why M&A small & mid-cap rather than large cap ??
Hi everybody ! Would like to know why would you rather advise on small & mid-cap M&A operations rather than large cap ? Large cap seems more interesting but I spoke to insiders saying the opposite...
How much does size matter?
If you work in a semi-related industry (i.e. FPA, financial due diligence etc), and you want to break into corporate development, what experience would be considered better: 1. Spend 1 year working on a single large deal (think USD 100+ billion) that closes or 2. Spend 1 year working on a couple...
M&A and PE at a No-Name Boutique
Hey Monkeys, I have an offer from a no-name boutique in a 2nd/3rd tier city, which I wasn't that stoked about. But after talking with the MD, he said I would do mostly M&A (sell-side and buy-side), but I could also work with their small PE arm (there is also a restructuring arm which I could maybe...
ALA Services LLC
ALA Services is an enterprise software investment company headquartered in Naples, Florida. We are seeking to acquire mature-software companies, which will remain separate entities under the ALA umbrella, and increase profitability through a shared-services model that provides sales, marketing,...
Private Practice M&A
Hey guys, Recently I have been offered a position as an M&A analyst for a growing private practice that looks to acquire other practices with similar business models in order to leverage suppliers and buyers. The position is within the healthcare industry, and want to beat the private equity firms...
Finacial services sector books
Hi! I am going to start in a new position in IB . I will be working mainly in the financial services sector m&a division. However I would like to know more about financial analysis and m&a on the banking sector. Does anyone know any good books or online courses on the matter?
Delta Partners
Does anybody know them? They are a TMT focused boutique which operates in emerging markets. I would like to know someone's opinion.
Funding / Sources and Uses Schedule
When looking to fund a M&A transaction, do you only consider funding the equity portion or do you also include debt? I have seen some sources and uses schedules from previous transactions and they typically, if not always, include the debt to be acquired but a transaction that I am currently working...
Unrealistic Acquisition Execution Expectations
Hello all, I currently work for the M&A team of a fast growing F500 company (growth largely result of acquisitions). I love where I work. However, recently a PE group reached out to me about an opportunity to manage the corporate development of one of their recent platform acquisitions. The PE group...
Why the acronym M&A?
Why is the acronym M&A for Mergers and Acquisitions? Why it is not instead A&M (Acquisitions and Mergers) following an alphabetical order? Is it because there are more mergers than acquisitions? Sorry for this stupid question, but I could not find the answer on Google. Thank you very much in...
What are my chances - Professional services advisory to MM IB/PE?
Hi guys, There is something that I have been wondering about for a while, so I've decided to go ahead and ask. I am currently an associate at a London professional services firm completing what they call a Rotational Advisory Programme. Basically this is a 3 year programme where candidates complete...
AM -> REIB -> Acquisitions, or, AM -> Acquisitions
Alright ladies and gents - I've spent the past year trying to figure out my plan, as I'm sure many of you have done. Looking for some guidance as I'm on the fence. I'm focused on spending the next several years in transactions. There are two paths I can take: 1) Lateral into acquisitions and stay...
Corp. Dev. vs. MM IB?
This is a throwaway account since I'm a regular poster but want to be anonymous. Graduating from a target soon. I recently got an offer for an active corporate development team at a large energy company (think SLB/HAL/PAA/KMI/EOG/COP). It's a strong company and we'd be doing about 10 or so...
2016 M&A Predictions: The Good, The Bad, and The Ugly
Various news agencies, IB firms, and business leaders are making M&A predictions for 2016, and while there are some common trends, they're pretty all over the map. Here they are aggregated together, good, bad, and ugly: http://fir.mx/1Z8DKVH
Non-Controlling Interest in M&A
When company A acquires company B and B has 80% of the ownership of company C, do company A usually end up with 80% of C or 100% of C? If company A only gets 80% of C, will the purchasing value of B only include 80% of C's debt and cash? In other words, EV calculated by academic formula using...
How would amortization of intangibles make an acquisition dilutive?
I understand that logically, if intangible assets are amortized, then the company is going to take a hit to the income statement. But this doesn't happen right away, right? I mean, the company would have to re-asses its assets (like Ebay/Skype) and then do a goodwill impairment. So how does...
Why are industry and financial screens in the comps for M&A premiums analysis much broader than precedent transactions?
Why are industry and financial screens in the comps for M&A premiums analysis much broader than precedent transactions ? What's the logic behind that..
Advice is welcome
Hello everyone, new chimp here. After doing some soul searching and attending Kellogg to do my MBA (current student) I find myself wanting to make a career change, I have been working in Accounting and Finance for the past 12-14 years. Worked mostly in Corporate Companies and the back office of a...
Project Management Analyst with Finance Education and 3 month Boutique M&A Experience - Looking for job
Hey everyone, Just looking for some advice. I graduated from the University of Georgia a few years ago with a low GPA of 3.14 (cumulative) and 3.5 (major). My major was Finance and I had a summer internship at an obscure Atlanta-based technology M&A firm. From there I joined a global IT consulting...
Ideation request fully realizing how busy this group is!
Dear folks, Boston Analytics is close to releasing its 1st major product in the US market – SECaN (SEC Analyzer) is a financial research workflow application with data extraction, mashup, analytics, visualization and publishing capabilities. We believe this will enhance the workflow of Equity...
Public Finance to M&A
This summer I'm interning at a MM in public finance and I had some questions regarding future opportunities. I'm a rising senior at a target but my gpa is low. I was fortunate to get this internship because I got back from my study abroad in June. However, it seems that the opportunities for my...
BB Equity Research VP or B-School to pursue M&A Associate Role?
Dear WSO , I need some advice as I've been pondering and losing sleep day and night on this topic. I'm 30, in ER in a MM for 4.5 years prior to which I was an auditor for 2 years (gained amazing accounting skills, work bored me to death, made the switch through massive networking/hustling at the...
Making the jump to M&A TAS?
Graduated last year and now I am a first year credit analyst and want to jump into M&A TAS or Due Diligence whatever comes first. I have completed 3 of 4 CPA exams and different internal certifications on projections and valuations within the bank. That's about all that I have going for me. Any...
Does M&A flow through P&L?
As far as I understand cash paid for buying another company does not flow through P&L because it's a non-operating charge, is that right? In that case are there any other non-obvious charges that do flow through P&L of the acquirer? Just want to know what to look for when making adjustments. Thanks.
Value of a M&A internship in industry?
Hi all, I am posting this thread because I was wondering what do you guys think about doing a M&A internship in industry to break into IB . I mean: if combined with relevant experience, would doing such an internship from an industry point of view be relevant to recruiters? How would they see it?...
All-stock M&A deal: what's combined market map?
In all-stock acquisitions for two public co's, what happens to the market cap of the combined new co? I'm not talking about what happens when the deal is announced - acquirer's stock goes down, target stock goes up (generally). I'm asking specifically about post-deal close and the acquirer's stock...
Sovereign Advisory
Does anyone have any insight on sovereign advisory groups? From my research it seems that Lazard and Rothschild are big players in this field although I am having trouble distinguishing what it actually means to be in sovereign advisory or if it's even considered a "group" at all. Lazards list of...
Career Advice Needed - 30 years old and feel like window is closing
Dear fellow monkeys, Long time lurker, first time poster here. A bit about myself, I have a very non-conventional background - I graduated from university abroad in my home country and started out in a local leasing firm as a credit officer analysing leasing credits for SME companies.
M&A Consulting
I graduated in May 2014 and started working at a Bank as a Financial Analyst for 6 months. I have two CPA tests under my belt but looking at all these job descriptions doesn't seem like it helps. How can I obtain this goal in becoming a M&A consultant?
BB PubFin vs Large AM to become Buysider?
Hey guys, Just wanted some opinions on my internship decision. To give some background, I'm a junior at a target (Ivy) that is interested in investing. This means I eventually want to end up on buyside, probably at a Credit HF , but I may be open to working at a large AM . Basically, right now, I am...
Question: Acquisition Multiple
I have a question on the calculation of implied multiples of the transaction illustrated below: Assuming Company A has: $100M market cap No debt and no cash Thus, EV is also $100M Generates EBITDA of $20M The company trades at a multiple of 5x EBITDA . Now, assuming a party pays $100M to acquire 50%...
Pfizer to Acquire Hospira....thoughts?
Not sure if everyone saw the news yesterday morning...but Pfizer announced it is going to acquire Hospira. Thoughts? The reason I ask is that I have an opportunity to go work for Hospira, but I'm not sure it's a good idea now given this news. My guess is the corporate staff of Hospira in Lake Forest...
Corporate Inversions- any good books or material recommended?
I am writing my thesis on Corporate Tax Inversions and I am trying to gather the most information possible. Any tips on good books, financial modeling examples, elaborated articles or other material would be much appreciated. Cheers
Head-hunting in CV
I am applying for an M&A analyst position with banks. The thing is that I have intern in a headhunting firm which specialised in the financial sector and I am not sure how this will reflect in my CV. Should I omit this internship or not? What do you think?
What's the best paid subscription for a Fortune 500 Corporate Development team?
I'm looking for a paid subscription service where I can generate deal flow, analyze markets, track competitor movements, and benchmark against competitors. I'm currently considering a Bloomberg terminal, S&P Capital IQ, DJ Venture Source, D&B Hoovers, and Thomson Reuters One. Before I start my...
asdfasdfa
dfasdf
M&A by industry
Hi guys. I have been looking for some information regarding total amount of Mergers and Acquisitions that took place in US ranked by industry. I have only found some data for separate years but not an aggregated one... I would be extremely interested to find out more about that -- do you think you...
Banks accepting graduates with 2.2 Degree
I was wondering if there are an investment banks who will consider candidates with a 2.2 degree especially in M&A
GS with another one...
http://dealbook.nytimes.com/2014/11/13/warren-buffetts-berkshire-to-buy… TL;DR: •Berkshire Hathaway will acquire Duracell from P&G for $1.8BB plus an exchanging of shares to avoid a tax stomp. Thoughts on this type of transaction?
Equity Research Request
Any chance I can get the latest on Janus (NYSE: JNS)? They announced an acquisition yesterday and would like to hear what the street has to say. Yes I have reference books, etc. for trade. Edit: Noon EST. Got what I needed. Really impressed with the response!
Big 4 M&A vs. BB Corporate Banking
Interviewing for a KPMG Transactions & Restructuring Internship and a Corporate Banking (technology team) position at a BB . Wondering if anyone can give me some more insight on either of these positions, and which one I should go for if I get an offer. Both positions are in Silicon Valley/San...
Interested in M&A, questions.
To expand on the title, I'm interested in trying to break in a product M&A group - buy-side or sell-side. I'm not going to be picky and say I want MM or BB - I just want to get in. With that said, when I'm reading literature on the IB world, can I just focus on the M&A side of things in order to...
2nd year Portfolio management/hedge fund analyst going into M&A. What should I know before accepting the offer ??
Greetings fellow monkeys, As mentioned in the title: I'm a 2nd year analyst at a relatively big Canadian portfolio management firm (80B$++). As much as I like the company I work for..I feel like I'm stuck at my position and I see no room within the company. (Presently supporting Portfolio managers...
Modelling acquired growth
Hi all, I have been making a 3 statement model. I recently came across an issue: The company divides revenues into 4 business lines but reports revenue from acquisitions as a single item. Now when I try to project growth for next year or so I am not sure how to allocate that acquired growth into the...
CV just not getting any right nibbles, give it all you got.
As above. It certainly isn't the worlds greatest CVs, but I would think it is not and abomination either (?). I am not expecting to transition into Goldman, still the small amount of interview offers is disconcerting. Masters school top ranked in Europe and France. I've had to settle for a job in a...
Do we look at financial sponsors when evaluating acq comps for strategics?
Going through some work during training prior to IB analyst start and was wondering if someone could walk me through this. I was told (by a fellow analyst) that you want to disregard financial sponsors deals in your acq comps because the intent is different when determining price point. I do not...
needs to be deleted
no point in this topic, already answered in another one
Hot or Not for Deals!
The first half of 2014 has seen some pretty exciting news when it comes to deals. Like Facebook buying Oculus...really Facebook? Weigh in on what deals were good and which ones were bad. Here's the poll. http://www.firmex.com/blog/the-dealmaker-poll/
or Want to Sign up with your social account?