Hi all
Just had a M&A interview, how would you answer the following questions 1. How do you count a property value with no cash flow generation in your EV 2. In a M&A, what are some of unusual items you need to manipulate in your EV calculations 3. Give me some investment highlights that you would put on your Teaser/OM/MP 4. what kind of tax rate you use in FCF calculation? I answer effective tax rate, the interviewer called me wrong.
What do you think of the difficulty of these questions?
| +42 | Thoughts on navy nuclear program | 10 | 2d |
| +41 | Lying about GPA | 22 | 8m |
| +23 | Notorious Backchanneling Recruiters & Employers | 7 | 1d |
| +15 | Should I stay in IB? | 3 | 3d |
| +12 | This job just ain’t for me. What now? | 5 | 17h |
| +11 | Taking SIE going into college | 11 | 1d |
| +10 | Nontraditional Background Trying to Break Into Finance — What Am I Missing? | 2 | 8h |
| +9 | Non target guidance | 1 | 1d |
| +9 | I need career advice | 1 | 6h |
| +9 | Where I though I'd Be by Now | 3 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Found the answer to Q4 http://pages.stern.nyu.edu/~adamodar/New_Home_Page/valquestions/taxrate… It seems like the interviewer is not exactly right. You can use both. However, Marginal tax rate is better.
Question 2 is framed a bit oddly and question 3 doesn't interest me.
I'll pick up on #3 for eusuric. Investment highlights are, as stated, investment highlights. You somewhat put on your salesman hat here and talk about the selling points of the opportunity. If you are in a sell-side role and your client has low employee turnover in a high turnover industry, that might be a selling point. Record sales and other financial metrics might be selling points. The market area might be a selling point. These are high-level highlights to pique the reader's interest before they dig further into the opportunity.
M&A Interview Preparation (Originally Posted: 02/07/2018)
I have an upcoming interview in NYC for an M&A group (MM think, RBC, Mizuho, etc.). I know that it will probably be more technical intensive than an interview for a generalist or coverage group role.
I've already read through the guides, is there anything else I can do to prepare for more of the M&A specific questions.
Bump
Interview questions M&A role (Originally Posted: 03/30/2018)
Dear all,
I had an interview for an US investment bank and I was wondering about a question which is the following:
Assumptions:
B holds a 60% stake in A
A is a publicly held company:
200.000 outstanding shares + 5 000 treasury shares Share price : $10 Net Debt : $100.000
B is a privately held company: B holds a 60% stake in A Net debt : $100.000
Questions:
Enterprise value and Equity value of A
Equity value of B : Does it correspond to 60% of the Equity value of A ?
How to deal with it? Is it about consolidation?
Thanks,
David
Est possimus rem fugit. Iste quam rerum ut qui laboriosam saepe. Unde et nemo dignissimos nesciunt cupiditate. Voluptas dolorem doloribus nobis.
Aliquam rem voluptatem natus numquam. Unde et et velit sed est at. Et ut minus dolor quia necessitatibus id.
Corporis dolores dolores voluptatem aliquid similique recusandae est. Adipisci qui alias assumenda expedita. Eius ut soluta cum necessitatibus. Ipsa ut accusamus quia porro iste temporibus. Qui corporis esse autem laudantium dolorum laborum aliquam corporis.
Quibusdam suscipit et non nisi nesciunt. Est nesciunt praesentium voluptas unde soluta minima. Dolore sunt quaerat accusantium accusamus dolorem tempore. Velit et corrupti ipsam harum rerum voluptatem neque. Unde et distinctio non quos. Commodi sed sit voluptas adipisci. Temporibus minus sint vitae labore hic deleniti pariatur pariatur. Voluptatem voluptas eligendi quaerat.
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...