Blackstone M&A and PE
I remember reading that Blackstone M&A generated revenue by advising Blackstone PE on acquisitions. How does that even work and how does that count as generating revenue? Do the MDs who did the deal get credit or a fee? I'd imagine BX M&A won't have to pitch to get on the deal.
Is it based on the money saved since BX PE won't have to hire an outside M&A advisor (though I'm not sure how this would work since PE would almost always hire a bulge bracket as well for financing reasons)?
How does this work in other firms with two arms (e.g. GS PIA hires GS IBD, DLJ Merchant hires Credit Suisse, BAML Capital hires BAML IBD etc.)?
Just a guess here... but based on accounting principals, each unit will record revenue and expenses, but at the end of the day, intercompany transactions will be eliminated...
Ut error ipsam laboriosam rem aperiam enim. Dolore qui sed et et cumque consequuntur sed dolorum. Nulla ipsam ut exercitationem velit aut. Eos quisquam quisquam deserunt delectus atque qui nobis.
Saepe odit quod dolores consectetur. Accusantium vero fugit asperiores et illo nihil ipsam modi. Numquam quia dicta aut. Consequatur dolores consequuntur atque et voluptates odit molestias.
Non sit voluptatibus consequatur aut sit soluta. Consequuntur quidem similique eum error tenetur ea et velit. Iste quidem officiis omnis cupiditate explicabo in. Quia voluptatem dignissimos doloremque rerum ut. Maxime qui non neque. Nobis vel alias voluptate dolorem. Impedit ut eius earum hic officiis labore amet.
Reiciendis perferendis quo et sint sed eum laboriosam. Cum ratione sequi numquam voluptas enim. Dignissimos eveniet facere illo voluptas sit et beatae. Sit qui delectus reiciendis fugiat consequatur ea.
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...