M&A

Fit questions with HR
1. Self introduction
2. Internship experiences
3. Why France, why not London
4. Why M&A
5. Why large cap
6. Do you know the tasks of intern
7. What do you think makes a good intern
8. Your advantages/Why you
Your disadvantages
9. Your career plan
10. Your hobbies
11. Use one sentence/several words to summaries your CV


Technical questions with Analysts
1. Why buy or sell a company
What is synergy
2. Sell-side steps
3. Can you introduce me the economic balance sheet
4. If you are an advisor of a small company, you can choose only one financial statement to read, what will you choose? What if you can choose two?
5. Impact of 3 financial statements
6. 3 consolidation method
7. Where to find minority interest and investment in associate in the financial statements
8. Explain me EV bridge
What is EV
Where to find stock price for public and non-public companies, what if the last stock price is not normal
How to calculate diluted number of shares, explain me acceleration and dilution
What is net financial debt, why minus CCE
Why add minority interest, why minus investment in associates
Why add pension
Why add provision
Why add lease, what is the influence of IFRS 16
9. What valuation methods do you know
10. How to use trading and company comparables, how to find peer companies
11. What multiples do we use
12. What is control premium
13. How to use DCF
14. How to calculate FCFF and FCFE
15. What is WACC
Where to find E, D, cost of equity, cost of debt
16. How to calculate cost of equity
Where to find rf, rm, beta
Do you know the number of OAT 10ans in France, why it is negative now
17. If we increase debt, how will WACC change
18. How to calculate terminal value
Where to find g in gordon shapiro
How to calculate FCF normatif
19. LBO process? What is the input and output of an LBO?
20. Typical LBO target
21. What is irr, How to raise irr/what create value in LBO
22. Different types of debt
23. LBO is more intrinsic or multiple
24. Which method gives the highest valuation
25. The pros and cons of each valuation method, and you will use which method in which situation
26. Why equity is more expensive than debt
27. Do you know any deals of SG? Do you know any other deals?