Hi all,
I am about to take a case test for a PE interview where I have a few days to model and build a presentation on a financial services company. No more color on what sort of financial services.
I'm not in a FIG group and have no experience with financial services. Any advice on how to think about the take private? I've been reading around and seems like I should apply a multiple to net income rather than EBITDA, and discount the net income stream?
Really in the dark here so any thoughts would be great.
http://www.wallstreetoasis.com/forums/working-in-fig-financial-institut…
Unless the PE fund has a narrow focus related to a specific part of FS (e.g. banks, insurance cos., etc.), I would assume EBITDA multiple and just list that out as an assumption. Most PE firms stick with financial services companies that provide products, software, solutions, consulting, etc. to financial institutions rather than attempting to acquire banks or insurance cos.
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