Modeling Split Between M&A and Coverage?
I realize that it is different at every firm, but can someone either in M&A or a coverage group walk me through a typical deal? Will the M&A group get the basic model then send it over to the coverage group so they can fine tune it or vice versa? Just curious on how (in general) the modeling is split.
Generally LevFin (not HY capital markets) owns the lbo model ; cannot speak for the merger model although I happened to build some in the context of bolt-on acquisitions requiring significant financial engineering
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