Reynolds Holding

FEBRUARY 4, 2024

The Dodd-Frank Act 2010, Basel III), competition between banks and private credit funds has increased, with the latter not being regulated in the same way as banks. The power, appetite, and experience of private credit funds have all skyrocketed. 2023 has recorded the two biggest private credit deals to date: $4.8

Equity 64

Equity Corporate Finance Finance Banking 64

Brian DeChesare

NOVEMBER 22, 2023

But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. So, if you need to refer to these firms in real life, try something like “large bank(s)” instead. What is a “Bulge Bracket Bank”? What About Deutsche Bank and UBS?

Banking 97

Banking Start-ups Finance Equity 97

Complysci

JANUARY 26, 2023

Whether you’re a small broker-dealer or an enterprise-level private equity firm, your regulatory compliance program isn’t a one man show – even if the department is only made up of your chief compliance officer (CCO). How can that be? The CCO and compliance team Let’s start with the obvious.

Compliance 52

Compliance Private Equity Firm Start-ups Equity 52

IT Valuations

OCTOBER 18, 2023

Here are some key takeaways in the state of the market for IT services firms for 2023 and beyond : Demand is there but buyers are nervous. Private equity interest in buying tech firms hasn’t waned much. There has been little impact on the M&A plans of most Private Equity firms.

Marketability 40

Marketability Private Equity Firm Debt Financing Equity 40

Brian DeChesare

JANUARY 10, 2024

Some of these client differences relate to the distinction between private wealth management and private banking; for more on that, you should review the the private banking article. The truth is that both claims are correct but incomplete.

Banking 59

Banking Start-ups Equity Corporate Finance 59

Brian DeChesare

JANUARY 24, 2024

Let’s start with the elephant in the room: yes, we’ve covered the growth equity case study before, but I’m doing it again because I don’t think the previous examples were great. So, you can think of this example and tutorial as “Growth Equity Case Study: The Final Form.” They over-complicated the financial model (e.g.,

Equity 102

Equity Private Equity Firm Start-ups Comps 102

Sun Acquisitions

SEPTEMBER 9, 2022

If it makes financial sense and you understand the dilution aspect of selling equity and the potential interference from investors, then yes, go ahead. In this post, we’re going to address what these are, some of the challenges to expect, how to sell the equity, and who to sell it to. Who to sell your business equity to.

Equity 52

Equity Start-ups Private Equity Firm Business Valuation 52

ThomsonReuters

MARCH 20, 2023

For tax and accounting firms, therein lies an opportunity. Forward-looking firms are increasingly moving beyond compliance by telling a compelling ESG story that sets their firm apart from the competition. Let’s start with the basics. What is ESG?

Accounting Firms 59

Accounting Firms Compliance Start-ups Equity 59

FE International

APRIL 20, 2022

At the lower end of the market, individuals are still leaving their jobs to buy businesses and at the higher end, institutional investors and private equity firms have more capital available than ever before. 2021 was a year where the world adjusted to the new normal of the COVID-19 pandemic. Key Statistics.

Private Equity Firm 98

Private Equity Firm Equity Start-ups Business Valuation 98

Brian DeChesare

FEBRUARY 9, 2022

Ask the average student or professional in the finance industry about their long-term career goal, and they’ll usually say, “ private equity mega-funds. ”. They might just mention the names of some large firms, such as KKR or Blackstone, and say that they’ve been dreaming about them since the age of 5.

Equity 52

Equity Banking Start-ups Finance 52

Brian DeChesare

JANUARY 19, 2022

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.

Private Equity Firm 72

Private Equity Firm Banking Equity Finance 72

Equidam

FEBRUARY 1, 2024

Private venture studios are typically attached to a fund raised from LPs, in much the same way than a venture capital firm may operate. While private venture studios do not have the baggage associated with corporate backing, they also therefore lack the strategic purpose – and rely solely on the promise of future returns.

Beta 69

Beta Finance Equity Marketability 69

Reynolds Holding

AUGUST 15, 2023

With it has come mounting concern over monitoring and guiding the proper integration of ESG into firms. ESG integration is not straightforward due to the lack of a standard measure of firms’ ESG performance. It is therefore important to understand whether and how financial markets can create incentives for ESG integration.

Marketability 98

Marketability Finance Corporate Finance Equity 98

Sun M&A

MARCH 14, 2024

While starting a business is easily one of the most challenging tasks for a business owner, selling that business isn’t without stress. An M&A firm will ensure confidentiality throughout the process and keep your potential deal airtight to provide the best sale price.

Start-ups 52

Start-ups Compliance Banking Marketability 52

M&A Leadership Council

MARCH 1, 2024

They Should be Regarded as Significant Deals, Not Afterthoughts By M&A Leadership Council About 30% of all M&A transactions are divestitures -- so they should be regarded as significant deals, not afterthoughts. Following are four important real-world truths about divestitures. 1. A divestiture isn’t merely an ‘acquisition in reverse.'

Start-ups 52

Start-ups Private Equity Firm Mergers & Acquisitions Finance 52

Brian DeChesare

OCTOBER 18, 2023

But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) But in capital markets, you work on just one category of deals , such as equity-related transactions (IPOs, follow-ons, convertible bonds, etc.) What about the exit opportunities?

Banking 59

Banking Marketability Start-ups Equity 59

Reynolds Holding

JANUARY 31, 2024

Initial public offerings (IPOs) and direct listings (DLs) offer two different mechanisms for a firm to obtain a listing in the public capital markets. but that has changed in recent years, starting with Spotify’s listing through a DL in 2018. The firm’s existing shareholders are then free to sell their shares in the public market.

Marketability 64

Marketability Banking Equity 64

Brian DeChesare

SEPTEMBER 20, 2023

In some ways, prep for VC interviews is easier because you don’t have to learn or memorize many technical topics, but in some ways, it’s harder since you have to do lots of firm-specific research. Firm-Specific and Process Questions – What do you think about our portfolio? Which market is attractive? Which markets should we avoid?

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Biz Equity

MAY 4, 2023

Attract Investors : With an accurate estimate of your practice’s current valuation and potential for growth, you can attract venture capital or private equity investors. It’s important to understand that working with VC or PE firms typically requires the business owner to give up something in return.

Business Valuation 52

Business Valuation Start-ups Equity Banking 52

Valutico

AUGUST 17, 2022

Valutico has once again made finance professional’s lives easier by announcing the launch of the Venture Capital (VC) method for valuing start-ups, available for the first time within its online platform. . One difficulty with valuing start-ups is that they have less financial history behind them.

Start-ups 52

Start-ups EBIT Weighted Average Cost of Capital Discounted Cash Flow 52

Reynolds Holding

DECEMBER 18, 2023

The nightmare for any law firm is a “partner run,” a domino-style collapse that can turn a temporary downturn into a liquidation in months. Reform efforts in the legal profession to open up law firms’ rigid governance structure could reduce partner run risk but could also open the profession to a host of new hazards.

Private Equity Firm 59

Private Equity Firm Start-ups Debt Financing Banking 59

Brian DeChesare

DECEMBER 21, 2022

But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. How do the non-business schools at the undergraduate target schools fit in? …but I found myself not caring that much. Part of it is that I no longer obsess over the numbers like I used to. Bank, School, Dragon, and TV Rankings.

Banking 80

Banking Start-ups Finance EBITDA 80

Musings on Markets

JANUARY 8, 2022

To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes over the last year, but also to get measures of the financial standing and practices of companies around the world. Happy New Year, and I hope that 2022 brings you good tidings! Don't get me wrong!

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Brian DeChesare

JUNE 29, 2022

If you’re thinking about exit opportunities and can’t decide between private equity and hedge funds , activist hedge funds might be your solution. Similar to private equity firms, they operate on longer time frames, influence companies’ operations and finances, and might catalyze major changes, such as spin-offs or acquisitions.

Private Equity Firm 52

Private Equity Firm Equity Banking Start-ups 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. To fund the business, you can either use borrowed money (debt) or owner's funds (equity), and while both are sources of capital, they represent different claims on the business.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

OCTOBER 12, 2023

Impact Investing: The What, The Why and the How! In the last two decades, this age-old investing behavior has come under the umbrella of impact investing, with several books on how to do it right, academic research on how it is working (or not), and organizations dedicated to advancing its mission.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

Brian DeChesare

MARCH 9, 2022

The VC Partner is arguably the best “senior job” in finance: you sit on a private island atop a pile of cash, altcoins, and NFTs…. When capital is plentiful and good deals are scarce, VC firms often find themselves chasing after entrepreneurs to win deals. If not, start with those linked articles to get a sense of the industry.

Finance 83

Finance Start-ups Equity Marketability 83

Brian DeChesare

APRIL 5, 2023

I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds? When you ask most people about their “career goals,” they sound something like this: Make a lot of money or gain power/prestige. Take little-to-no risk.

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Sun Acquisitions

APRIL 25, 2023

Reach Out to Potential Buyers: Once everything is in place, start reaching out to suitable buyers who may be interested in acquiring your company – word of mouth & referrals are great ways to spread awareness about offerings, so don’t forget about tapping into existing networks for additional exposure opportunities here as well.

Start-ups 52

Start-ups Marketability Equity 52

Brian DeChesare

JUNE 21, 2023

You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. The short answer is that, like other smaller regions, Dubai is best in very specific cases ; the average student would still be better off starting in NY or London.

Banking 96

Banking Start-ups Finance Equity 96

Equidam

FEBRUARY 7, 2024

For example, corporate investors or private equity firms can be interested in a more mature company with slower growth, if it corresponds to less risk, compared to venture capital or angel investors who are generally looking for younger startups with the potential to become billion dollar companies.

Private Equity Firm 61

Private Equity Firm Marketability EBITDA Equity 61

Brian DeChesare

JUNE 15, 2022

First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.). Saying that you work in “the front office” of a technology company or a marketing firm makes little sense – or, at least, it means something different from the definitions in this article.

Banking 90

Banking Treasury Start-ups Finance 90

Reynolds Holding

SEPTEMBER 20, 2023

From 2025, large private EU companies will be in scope. Given the preparation required, private equity firms are well advised to start to consider the impact of CSRD, and we outline in this Update suggested steps for firms to take. Application to Unlisted Companies. Consider the scope of reporting required.

Equity 45

Equity Private Equity Firm Finance Start-ups 45

Brian DeChesare

JANUARY 31, 2024

They might have separate teams for specific strategies or markets, but everything is run under a single Profit & Loss statement (P&L). This setup creates many differences with multi-manager (MM) hedge funds , from investment styles to recruiting and careers. 10 – 15 positions rather than 100+).

Start-ups 59

Start-ups Equity Marketability Banking 59

Brian DeChesare

AUGUST 10, 2022

How do I move around? The first one about becoming pigeonholed is more valid, but it depends on your experience and how quickly you move around. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined.

Banking 82

Banking EBITDA Dividends Equity 82

Brian DeChesare

DECEMBER 7, 2022

In the 1990s and 2000s, bankers from other regions could transfer to HK or start their first jobs there without a strong connection to the region or Asian language skills. For example, UBS is still quite strong in Hong Kong and greater Asia, while it has faded elsewhere; the same applies to firms like CS and HSBC. Huatai Securities.

Banking 52

Banking Equity Start-ups Finance 52

Value Scope

JULY 21, 2020

It was a hot topic before the COVID pandemic, in discussions to measure and value how companies engaged in sustainable and societally beneficial activities. It started sometime last year, during the fourth quarter. Click to Download: ESG Valuation Considerations – Top Down or Bottom Up? Executive Summary.

Intangible Assets 130

Intangible Assets Beta Alpha Unlevered Beta 130