What is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:
To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.
KevinNYCWhat is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:
To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.
Thank you! Finally some quality talking here! What kind of "acquisition modeling techniques" should be expected, say if there's a technical interview?
KevinNYCWhat is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:
To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.
Thank you! Finally some quality talking here! What kind of "acquisition modeling techniques" should be expected, say if there's a technical interview?
Special Situations / Credit (Originally Posted: 08/06/2009)
Has anyone ever interviewed with a special situations / credit group? How different is that from PE interviews? What types of technical questions do they ask?
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They're special.
It depends on the situation.
depends on the situation.
well done lbs
LOL this is hilarious
Just don't be a creeper and beat up the beat... you'll be fine... Make sure you know the technicals, here is a good reference: http://www.tvguide.com/news/jersey-shore-dictionary-1014029.aspx
LOL... this is too funny and reminds me of this!
What is the focus of the particular group? My comments that follow are specific to Merger Arb as this is where I have the most familiarity:
To be successful in special situations you need to be able to assess and quantify the likelihood of different scenarios. Know why deals fail, especially recent deals in the news. I would two important topics to brush up on are the role of corporate boards and activist shareholders. Sometimes active shareholders like Chanos, Einhorn, and Icahn can actually push the deal to go through but they can also break one down -- read some case studies. Understand how voting rotes of shareholders and boards work (Preferreds/Class A/Class B). Lastly, be familiar with the various acquisition modeling techniques and be able to talk generally about operational and financial redundancies/synergies.
Thank you! Finally some quality talking here! What kind of "acquisition modeling techniques" should be expected, say if there's a technical interview?
DCF, LBO, comparables, market valuation
I know this is really old, but where could I find case studies on special situations? Thank you
Mess with da bull you gonna get the horns
Special Situations / Credit (Originally Posted: 08/06/2009)
Has anyone ever interviewed with a special situations / credit group? How different is that from PE interviews? What types of technical questions do they ask?
I am curious about this as well
Is this S&T or IBD? I have knowledge about special situations in S&T...
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