Showing results:
Displaying 151 - 200 of 648
Cofffe chat with M&A VP after applying for a job
I work in Big 4 audit and applied for a role in my firm's Corporate Finance group through the internal careers website. I spoke with an analyst and an associate in the group, and one of them put me in touch with a VP. I have a virtual coffee chat with the VP soon and am not sure how to approach the...
Family Business Buyout
Hey All, Apologies in advance for the long post, but I'm in an interesting situation. I'm currently working in a Corp Dev job (about 3 years out of school), but have had serious talks with my grandpa to join his business - think Specialty Industrials company with highly engineered products, does...
Controversial Business on Resume?
Some background: In early 2020 at the start of the pandemic, I wasn't able to get new jobs after losing the two jobs I had since starting college. I started receiving unemployment and wanted to put the money to use instead of flat out saving it in an account. I invested 90% of everything I received...
Possible to go from LevFin to growth equity?
I'm interning for a MM bank this summer under their LevFin group. Through networking, I've heard that M&A is really the place to be if you want to move into growth equity, so I'm wondering if I should think about lateraling to a different group.
moving from m&a to sales and trading
what are people's thoughts on doing a summer internship in m&a at a BB and then applying for s&t roles the following year? will it be frowned upon by recruiters?
London IB boutiques compensation
Does anybody here have any insight on salaries at London m&a boutiques? I'm not talking about Houlihan/Lazard and the likes, but rather smaller shops like Ondra, Zaoui, Arma, Hannam & Partners etc
Offer to move to NY from Toronto to do IB M&A. Would only want to go for 1 - 1.5 years, would it be worth it to experience NY and a larger market?
Have an offer to move from IB in Toronto to New York in M&A at a Tier 2 / Tier 3 BB bank as an Associate. Would want to move back to Toronto in 1 - 1.5 years, is it still worth it to move to NY and experiencing the city (if possible when working in M&A in NY)? Would the experience be worth it ,...
UNDISPUTED RANKINGS - 2021
BB Rankings: 1. Goldman Sachs / Morgan Stanley / JPM 2. BofA / Citi / Barclays 3. Credit Suisse / RBC 4. Wells Fargo / DB / UBS EB Rankings: 1. PJT / Evercore / Centerview / Qatalyst 2. PWP / Lazard / Moelis 3. Guggenhiem / Houlihan (Note: both RX teams would be tier one) 4. Rothschild / Greenhill...
PowerPoint Tips/Resources?
Hi everyone, I'm currently an incoming IB summer analyst in the M&A group and was wondering if anyone had any tips or resources that will help me improve my PowerPoint skills. I'm pretty comfy in excel but a few of the analysts at the firm have told me that most of the work I'll be doing will be in...
Global Valuations Accounting & Tax
Hey Everyone. Currently a first year in an IT Consulting/Audit role at a Big 4 accounting firm and just finished up the CPA exam. After being in this group for about a year I decided IT is not for me. After researching different careers, I stumbled upon the attached job description. I was wondering...
Incoming SA in Top Group - Worth FT Recruiting?
Have Silver Bananas for helpful comments. Incoming SA at a "mid-tier" BB in NYC in what's considered a "top group" on this forum. Think: Bank of America (Lev Fin, M&A, Sponsors) Barclays (Nat Res, P&U, Sponsors) Citigroup (Industrials, M&A) Credit Suisse (M&A, Sponsors) Would like to either stay in...
BNP Paribas's informations
Hi, How can I answer to the question "why BNP" for M&A advisory in Paris ? thx
M&A Advisory vs IB M&A Question
Can anyone briefly answer the difference between what someone would do in an M&A Advisory at consulting/Big 4 compared to IB M&A work? Sort of a how is it different, and how is it similar? Thanks if anyone could answer.
Academic books about calculation of M&A synergy
I'm currently searching for academic books about calculation of M&A synergy with structured and detailed information. Can you please recommend me something? (better if this books would have free online access, but any good book appreciated)
Calculating M&A Business Case
Hi everyone! I need urgent help. I have to prepare a full M&A Business Case including assumptions to make. I couldn‘t find any example. Can somebody tell me how to prepare it. Given informations are only revenue, ebit, additional revenue post acquisition, stable ebit margin post acquisition, due...
Thoughts on M&A consulting?
As someone with little experience in consulting so far, I am curious where management consultants come into play in the standard M&A process (besides the DD). Does anyone have a specific example of tasks?
Corporate Venture Capital or IB?
Short background I am finishing my MSc this summer at a well-known European university and have ~1.5 years of internship experience at boutique IBs (1 year as a working student, 0.5 year as a full time student). I have an offer from a corporate venture capital and a tech-focused boutique IB in the...
Are most mergers stock swaps or cash transactions and why?
Can you help me on this question? Are most mergers stock swaps or cash transactions and why?
M&A analysis (Accretion / Dilution) when target tech startup has negative FCF?
Hi All, How should we go about M&A analysis (Accretion / Dilution) when the target tech startup has negative FCFF? EPS will decrease, so how to justify the txn quantitatively? I believe it would be a standard question for people in Tech, as many highly valued targets have negative FCFF. Appreciate...
European M&A League Tables - Strongest banks, trends and key observations
TRENDS & OBSERVATIONS: GS, MS and JPM traditionally topped the league table with limited signs of losing market share Rothschild confirmed the trend of winning larger deals (while maintaining the high number of deals) leading to outperforming Lazard. Both boutique twins experienced overall growth vs...
M&A Advisory Consulting Firm's Costs
What costs do M&A Advisory Consulting Firms incur? Not the Buy-side or Sell side but an advisor
Graduate roles offers: KPMG M&A vs Accenture MC
Hi all, I (21F) am trying to decide which job role offer I should take and would appreciate any advice. The roles I have been offered include: KPMG deal advisory M&A, the starting salary is the lowest but I would gain the ACA qualification. Accenture management consultant program. The starting...
Apply for US summer internships as a European student?
Hello everyone, I am a French student graduating in 2023 and I was wondering if it would be possible to apply for summer internships in the US for 2022 (I saw that several banks and shops had already opened their applications for this region). I plan to apply for summer internships in London but...
M&A career advices
Hi all! I am currently doing an internship in an MM M&A boutique and I feel like this is a good fit for me as a long-term career. Thus, I would like to have advices on how to be perceived as an expert in M&A in the long run: what should be my career path, which firms should I work for, should I...
IB --> Corporate M&A Group
Kings and queens, Anyone made the jump from IB to internal M&A group at F500? Feeling the same way a lot of us are right now with burnout imminent and am contemplating next steps. Would love to hear anyone's experience. Need to start making moves.
M. Klein & Co SA 2022
Does anyone know when M. Klein & Co starts recruiting for 2022? Pretty sure their process was already underway by this time last year
SaaS valuation off R&D spend?
Here's my question to all the tech gurus out there. Subscription-based software business has some revenues (let's say 1m), decent but not phenomenal ARR growth and has spent to-date 5-6m in R&D. They tell us that valuing them off revenue is not gonna fly, as revenue doesn't quite reflect yet all the...
Examples of a "bad" group culture and sweatshop or just "standard" in banking?
What things would you consider items that constitute a bad group culture versus just being the "culture" of Bulge Bracket investment banking? 1st Year Analyst I am sure this list can go on and on but I am going to stop here. I think that this is 80-90% bad culture and sweatshop/crappy group and...
Cash free debt free deal mechanics (with seller owing to the target)
How does cash free debt free (CFDF) transaction mechanics work? In an example where EV = 50; Cash = 10; Target’s debt = 1; Sellers debt to the target = 5. What would be the deal value in a CFDF transaction and what are the steps at signing and closing? How much capital will the buyer need to...
How DCF Modell after M&A deal?
Hello! For a fiction scenario, I should calculate a EV after a M&A deal (100% share deal). So I am a really beginner and I also should only calculate with EBITA, instead of cash flow. So when a transaction takes place, should I only sum up the EBITAs and it owns EBITA growth rates? Or how can I...
The most interesting M&A / IBD headlines to follow right now
What are some interesting M&A / IBD deals going on right now (or recently) that would be interesting to read about to learn more about global developments?
About working condition in Big4 (M&A) Madrid
I'm on the side to apply to different firms. I know that probably Big4 is the easiest way to break into the industry in M&A as an intern, but, If you have an offer to PwC, Deloitte, KPMG, and EY (with similar salary), what firm would you choose? And why?
Advice on how to do a career switch
Hi everyone, I've recently started working at a local (SEA country not in SG) Big4 firm. It's been about a few months since I've started and now I have been thinking about my future career switch so I want to start planning and preparing myself for the switch in maybe 1 or 1.5 years' time. For...
Nomura 2021 SA London (Natural Resources Team)
Hey all, I was wondering if one of you has some insights about Nomura Natural Resources (P/U, Infrastructure, ...) M&A team in London in terms of reputation, deal flow, comps and exit in BB or EB or any other details you have !? And what do you think about their acquisition of Greentech ? Thank you...
Stephens vs. Canaccord
Hi all - I was wondering if somebody had any insights on Stephens vs. Canaccord Genuity, in particular their M&A teams? A friend recently asked me about them and I was looking for info but it's hard to find so I thought I'll post it here since I'm currently considering for either of them. I think...
Transaction Advisory or Valuation? -- Breaking into M&A
What would position you best for pursuing IB M&A -- working in Transaction Advisory or Valuation at an accounting firm after graduation? Thoughts/insight?
Lateral Recruitment (Changing Groups) Advice
Hi everyone, Currently an Analyst at a MM (Lincoln, Canaccord, Oppenheimer, etc.) and I'm contemplating a lateral jump to an EB or BB. I currently sit in the special situations/Rx group, and was wondering how difficult it would be to switch into an M&A product group or a coverage group? I've worked...
Tyton Partners
Tyton Partners provides individualized investment banking and financial advisory services to companies, institutions, foundations and investors targeting the global education, information and media sectors.
Is it worth delaying graduation for a BB M&A internship?
Worked hard and secured a 6 month M&A internship. Top 10 european bank and largest one in my country. Needless to say is that I feel lucky for landing this internship. However, I have to combine it my final year of study (which I can do by studying in the weekends), which stings. So I'll probably...
URGENT: Interview Help Please!
Doing a presentation on a recent public M&A transaction (announced in Nov-20) I plan to spend a few mins on initial thoughts on the purchase price. Intend to look at the public comps of the target: Public comparable comps - compare EV/LTM EBITDA, EV/LTM Revenue and NTM P/E of the target today vs...
Transaction Presentation
I'll be doing a 10min presentation on a recent public M&A deal. I intend to speak briefly on the valuation of the target company and whether I think the acquirer has overpaid / underpaid / paid in line with the EV. Is it okay to just do a high-level DCF, trading comps and transaction comps analyses...
Question about Exit Opps from Deal Strategy/Strat Consulting
Hi guys I have an offer from KPMG Global Strategy Group - Deal Strategy. My career goal is either to move into Investment Banking after a few years or directly into Private Equity. How do you guys rate the following position in terms of exit opportunities? This is a position in Europe. Participate...
Accept offer or continue looking for an IB internship?
Hi, I am a 3rd year student and just recieved an internship offer in the M&A department in one of the biggest public industrial firms in my country. However, I have not been able to secure an IB internship at an Investment bank. That was my goal. My question is should I take it? I have previously...
Reddit Suuuuuuucks
I stopped using reddit a few months ago because I could no longer put up with the amount of political trash (both liberal and conservative) that was percolating into the few subs that I still looked at. Well, I was bored today and thought, "fuck it", I'll go see what's good on Reddit. Holy shit,...
Question Solved
Question answered. I can't find the delete button for this post. Could this post please be deleted? Thank you :)
Doubt - deferred revenue write-down in SaaS
Hi monkeys, In an acquisition of a SaaS company, the deferred revenue is usually written-down in the range of 20-40%, and as far as I am aware that it is due to an accounting anomaly in GAAP accounting rules, since the deferred revenue has to be evaluated at fair-value at the moment of the...
Salesforce takeover of Slack - discussion
Hi guys, Just read a bit about Salesforce takeover of Slack for $27.7bn (54% premium and 26x sales NTM), and the subsequent reaction of Salesforce stock, which plunged ~10%. I think Salesforce is trying to compete with Microsoft, which offers Microsoft Teams and bundled Teams with O365 for free,...
60min technical case study on Zoom?
Fellow monkeys, I have a couple of interview lined up over the next few weeks and one of them is a 60min case study (technical covering valuations, cap tables, etc). This will be given on the spot and completed on a 60minute zoom call with the interviewer on. Note, this may include some time for...
Software M&A price adjustment mechanism
Hi all, Say you are buying a SAAS company with has a bunch of customers representing 80% of the revenue renewing at the same time (just before closing). Contracts are annual and multi annual prepaid and the company is not profitable and will require some extra spending to bring to profitability....
Tech M&A or Industrials Coverage
Hi Everyone, I currently have two offers for a lateral analyst position - one is from a TECH M&A Boutique in SFO and the other is an Industrials coverage position at (Mizuho/Nomura/BNP/HSBC) in NYC. Could you please guide - what would be a better option between the two - I'm really torn.
or Want to Sign up with your social account?