Brian DeChesare

FEBRUARY 9, 2022

The skill set is also quite different, especially as you move up to the mid-level and beyond. in other regions, the process often starts later and moves more slowly). Traditional “networking” for these roles doesn’t work unless a spot opens up later on because someone drops out. How to Recruit at the Private Equity Mega-Funds.

Equity 52

Equity Banking Start-ups Finance 52

Musings on Markets

FEBRUARY 27, 2023

That may reflect the concern that once a person or entity starts borrowing to fund its needs, it is easy to overuse debt, and risk its wellbeing in the process. In that case, the optimal debt ratio for a company is the one that maximizes value, not necessarily the one at which the cost of capital is minimized.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Brian DeChesare

JUNE 29, 2022

And similar to long/short equity hedge funds , they target undervalued and misunderstood companies and profit when the rest of the market catches up. The typical approach goes like this: Start accumulating a small stake in a public company’s equity. Once the stake reaches 5% – which requires disclosure via a 13-D filing in the U.S. –

Private Equity Firm 52

Private Equity Firm Equity Banking Start-ups 52

Valutico

DECEMBER 15, 2022

SaaS start-ups are valued at 10x Sales”. The higher up in the P&L statement the metric is that is selected, the more assumptions are made on the similarity of operations of the respective companies. . This is a very similar multiple to the EV/EBITDA excludes D&A (thus the asset structure). Examples: .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

SaaS start-ups are valued at 10x Sales”. The higher up in the P&L statement the metric is that is selected, the more assumptions are made on the similarity of operations of the respective companies. . This is a very similar multiple to the EV/EBITDA excludes D&A (thus the asset structure). Examples: .

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Simply Treasury

MARCH 25, 2020

However, as always after a crisis, time will come to understand what could have been set up to prevent the crisis or in this case the consequences of it. Everyone is scrambling a little bit, becoming defensive and trying to shore up their balance sheets any which way they can. We now need to be patient. or at least patient!

Banking 52

Banking Finance Start-ups Capital Structure 52

Brian DeChesare

AUGUST 10, 2022

But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. Because the risk of searching for new energy sources and experimentally drilling is so high, many E&P firms set up joint ventures to distribute the risk. Deal Presentation.

Banking 88

Banking EBITDA Dividends Equity 88

Class VI Partner

JULY 28, 2021

Start with this exit checklist. It is typically the highest risk/highest potential return portion of a company’s capital structure. Often these are companies that are being financed by a private equity or investment firm to do a “roll-up,” or series of acquisitions in a particular industry. Exit Checklist.

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Brian DeChesare

MAY 24, 2023

But, as usual, I want to start with the definitions and fund types: What is an “Event-Driven Hedge Fund”? Translating that to English: “We can grow more quickly and get higher margins without CMS, so our multiples will increase, and our share price will go up.” For example, if Jacobs trades up from an 11.5x

Equity 64

Equity Start-ups EBITDA Banking 64

Value Scout

FEBRUARY 13, 2023

Recapitalization helps stabilize the capital structure of a company by restructuring its equity and debt. 2 – Liquidity for business owners Most business owners invest massive time and personal savings into starting and growing their businesses. What is Recapitalization? It can also withstand the initial operating losses.

Private Equity Firm 94

Private Equity Firm Equity Start-ups Capital Structure 94

Valutico

MAY 6, 2024

These multiples, derived from the market values of comparable companies, are adjusted to account for differences in capital structure, growth rates, and other factors. Discounted Cash Flow (DCF) Analysis The DCF method starts by forecasting the future cash flows of the business or asset being evaluated.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

Brian DeChesare

JUNE 1, 2022

But over time, trends like market liberalization, deregulation, the shift to renewables, and the ESG religion “movement” have shaken up a sleepy sector. We’ll get into these fun developments, but I want to start with the basic definitions: Power & Utilities Investment Banking Defined. Power & Utilities Overview by Vertical.

Banking 96

Banking Equity Book Value Capital Structure 96

Brian DeChesare

SEPTEMBER 13, 2023

Most dedicated distressed funds offer less liquidity and longer lock-up periods than other hedge funds, and they tend to hold positions for months or years with fairly concentrated portfolios. So, I would expect distressed performance to improve, especially as companies start to feel the effects of higher rates.

Equity 88

Equity Banking EBITDA Start-ups 88

Brian DeChesare

JULY 27, 2022

Credit Hedge Fund Definition: Credit hedge funds buy and sell fixed-income securities, such as high-yield bonds, distressed bonds, structured credit, and their derivatives; they profit by setting up trades that reduce one type of credit risk while betting on mispriced securities whose prices are likely to change in the future.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Reynolds Holding

APRIL 28, 2022

11, 2022) (concluding that an attractively priced transaction, followed up with a well-managed analyst and investor outreach program, has a high probability of achieving a low redemption rate). [12] He kindly worked with us to examine more than 700 middle-market IPOs over a fifteen-year period starting in 2001. ENDNOTES. [1]

Marketability 56

Marketability Equity Alpha Capital Structure 56

Cooley M&A

FEBRUARY 17, 2017

According to the WSJ, non-tech companies made more than $125 billion worth of tech-related acquisitions in 2016, the most ever, up from $20 billion just five years ago. That non-tech companies are buying tech and e-commerce start-ups is not new. Read more from our 2017 M&A Trends Series.

Start-ups 40

Start-ups Capital Structure Equity Appraisal 40

Musings on Markets

OCTOBER 25, 2022

Note that we start with net income , earnings that is already after interest expenses and taxes, and that we consider reinvestment in both short term assets (change in non-cash working capital) as well in long term assets (as the difference between capital expenditures and depreciation).

Dividends 92

Dividends EBITDA Equity Start-ups 92