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How to Start a Private Equity Firm – and Why You Probably Shouldn’t

Brian DeChesare

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. Degrees such as an MBA or a Ph.D.

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REAG Plays Key Sourcing Role in MCM’s Majority Recapitalization of TechNH

Scott Mashuda

MCM Capital Partners (MCM) is a lower-middle market private equity fund. Founded in 1992, MCM is a Cleveland-based private equity firm focused on acquiring niche manufacturers, value-added distributors and service companies generating up to $75 million in annual revenues and having enterprise values of less than $50 million.

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The Financial Sponsors Group: Masters of the Financial Universe, or Exit Opportunity Mirage?

Brian DeChesare

According to some, you do almost no modeling or technical work in this group, and it’s one of the easier jobs in IB, similar equity or debt capital markets. But if you read other accounts, FSG runs models, Analysts get hands-on technical work, and the hours could be longer and more stressful because your clients are private equity firms.

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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

On the alternative energy front, as money has flowed into these companies, there has been a surge in enterprise value (equity and net debt) and market capitalization (equity value); I report both because impact investing can also take the form of green bonds, or debt, at these companies.

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M&A Terms Every Business Owner Should Know

Class VI Partner

Discounted Cash Flow Value Discounted Cash Flow Value refers to the calculation of a company’s Enterprise Value on the basis of its ability to generate free cash flow over time. EBITDA Multiple EBITDA Multiple refers to the multiple of EBITDA used to determine a company’s enterprise value.

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Power & Utilities Investment Banking: How to Turn Yourself into an Electrified ESG Warrior

Brian DeChesare

It is 100% possible to use standard valuation multiples, such as P / E and TEV / EBITDA , to value power/utility companies, and you’ll see many examples in the Fairness Opinions below. Enterprise Value / Capacity ($ per MW): Finally, for power generation companies, capacity is the key top-line driver that determines revenue.

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