Brian DeChesare

AUGUST 10, 2022

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. How do I move around?

Banking 88

Banking EBITDA Dividends Equity 88

Lighter Capital

MARCH 11, 2023

The recent news about Silicon Valley Bank is saddening for those in the startup world. If you’re a technology company that needs funding and have at least $15K MRR, a variety of customers, and are located in the US, Canada, or Australia - we may be able to help. If you have questions, take a , look at our FAQ.

Banking 52

Banking Start-ups Finance Equity 52

Benzinga

JULY 25, 2022

Sydney, July 26, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: INOVIQ Ltd (ASX:IIQ) has successfully completed a feasibility study to evaluate the use of SubB2M as an immunohistochemistry (tissue?based Click here. Click here.

Start-ups 40

Start-ups Banking 40

Brian DeChesare

MARCH 8, 2023

But a few related areas, such as commodity desks at banks, commodity trading advisors (CTAs), and physical commodity trading shops could put up a good fight for that “most cyclical” title. Commodity trading desks within sales & trading at the large banks. power, energy (oil, gas, NGLs, etc.),

Finance 110

Finance Start-ups Banking Alpha 110

Reynolds Holding

MAY 4, 2023

It is a common refrain, mostly on the political right, that considering environmental, social, and governance (“ESG”) factors when investing is probably illegal. [1] Investing to advance a societal goal constitutes a mixed motive, a fiduciary violation. [2]

Systematic Risk 117

Systematic Risk Finance Marketability Equity 117

Reynolds Holding

FEBRUARY 1, 2024

National Australia Bank Ltd. First, the rights were made available to investors at different times in the London Stock Exchange’s (“LSE”) Main Market (“MM,” the primary stock market managed by LSE) and the Alternative Investment Market (“AIM,” LSE’s junior market for less liquid firms, which is generally subject to lighter regulation).

Marketability 59

Marketability Firm Value Banking 59

Brian DeChesare

APRIL 5, 2023

The pitch is that you do a mix of high-level “macro” work and occasional “micro” work, such as direct investments, you may get to live in exotic locations and pay less in taxes, and you work much more normal hours than in other finance jobs. Some SWFs operate like long-only asset managers (i.e.,

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Reynolds Holding

JANUARY 9, 2023

In a remarkable year of class action activity, investors across the globe agreed to settlements totaling over $7.4 billion [1] in 2022, a greater than 75% increase from 2021. (A A substantive year in review for the U.S. market will be documented in the ISS Securities Class Action Services “Top 100 U.S. Shareholder Class Actions of 2022.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Musings on Markets

FEBRUARY 11, 2023

A strongly growing India needs massive investments in infrastructure to succeed, and the Adani Group seemed uniquely qualified because of its perceived capacity to deliver on its promises, as well as its political connections. I describe myself as a dabbler, and it does get in the way of my best laid plans.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Brian DeChesare

MAY 10, 2023

I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. It’s just that it’s smaller than you might expect, which means a lower investment banking headcount than true financial centers.

Banking 99

Banking Start-ups Equity Marketability 99

Musings on Markets

JULY 13, 2022

Country Risk: Drivers and Measures An investment in Nigeria or Turkey clearly exposes a firm or investor to more risks than an otherwise similar investment in Germany or Canada, but why? lived under full democracy, in 2021, with large differences across regions.

Risk Premium 81

Risk Premium Risk-free Rate Start-ups Equity 81

Reynolds Holding

MARCH 28, 2023

Strategic litigation seeking to hold companies accountable for their climate commitments is also beginning to emerge in Australia. Since the international Paris Agreement on climate change was adopted in 2015, there has been a massive upsurge in corporate net zero pledges. The answer is, for the moment, neither a resounding yes nor a flat no.

Technology 105

Technology Market Capitalization Banking Marketability 105

Musings on Markets

FEBRUARY 27, 2023

Debt's place in business To understand debt's role in a business, I will start with a big picture perspective, where you break a business down into assets-in-place, i.e., the value of investments it has already made and growth assets, the value of investments you expect it to make in the future.

Equity 52

Equity EBITDA Start-ups Net Debt 52

Musings on Markets

AUGUST 15, 2023

In every introductory finance class, you begin with the notion of a risk-free investment, and the rate on that investment becomes the base on which you build, to get to expected returns on risky assets and investments. What is a risk free investment?

Risk-free Rate 80

Risk-free Rate Treasury Risk Premium Start-ups 80

Brian DeChesare

JUNE 1, 2022

The power & utilities investment banking team has a reputation for being “boring.”. We’ll get into these fun developments, but I want to start with the basic definitions: Power & Utilities Investment Banking Defined. ” Different banks classify their power & utilities groups differently.

Banking 96

Banking Equity Book Value Capital Structure 96

Brian DeChesare

NOVEMBER 2, 2022

In addition to Prime Ministers that serve for only 44 days and questionable weather/food, the United Kingdom is also known as a global hub for investment banking. Many would argue that investment banking in London is second only to New York in terms of compensation, exit opportunities, deal flow, and “prestige.”.

Banking 79

Banking Start-ups Finance Equity 79

Musings on Markets

JANUARY 31, 2024

In my last three posts, I looked at the macro (equity risk premiums, default spreads, risk free rates) and micro (company risk measures) that feed into the expected returns we demand on investments, and argued that these expected returns become hurdle rates for businesses, in the form of costs of equity and capital.

Equity 79

Equity Book Value Start-ups Corporate Finance 79

Musings on Markets

JANUARY 9, 2021

Put simply, I possess no exclusivity here, and staying consistent with my thesis, I don't expect to expect to make money by investing based upon this data. I knew that this year would be more challenging than most other years, for two reasons. So, why bother?

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Benzinga

JULY 26, 2023

MacKellar Group, with its heavy construction equipment fleet, is an Australia-based provider of heavy earthworks solutions to the mining and civil sectors, with a strong reputation derived from decades of reliable performance. We are extremely proud to be sharing in what we believe will be a bright future together."

EBIT 40

EBIT Debt Financing Book Value Finance 40

IVSC

OCTOBER 21, 2023

The World Bank periodically issues a ‘Doing Business’ report in which they rank the ease of doing business. Department of State. EV is responsible for evaluation of U.S. Embassy and Consulate facilities and other real estate worldwide. The portfolio consists of over 25,000 properties in over 190 countries. In 2020, the U.S.

Appraisal 246

Appraisal Marketability Technology Start-ups 246

Lighter Capital

SEPTEMBER 9, 2023

Revenue-based financing is a source of growth capital that enables businesses to pay back the investment with a percentage of their future gross revenues — it’s similar to a startup business loan that’s paid off over time, but with flexible payments that ebb and flow with the business’ revenue streams. What is revenue-based financing (RBF)?

Finance 96

Finance Equity Start-ups Marketability 96

Brian DeChesare

MAY 18, 2022

Global Macro Definition: Global macro is an investment strategy in which hedge funds aim to profit from broad market moves rather than from specific stocks or bonds; they invest in currencies, commodities, futures, forwards, swaps, and more, and they analyze fiscal, monetary, trade, and geopolitical trends to make decisions.

Banking 52

Banking Equity Marketability Finance 52

Lighter Capital

SEPTEMBER 9, 2023

Revenue-based financing is a source of growth capital that enables businesses to pay back the investment with a percentage of their future gross revenues — it’s similar to a startup business loan that’s paid off over time, but with flexible payments that ebb and flow with the business’ revenue streams. What is revenue-based financing (RBF)?

Finance 52

Finance Equity Start-ups Marketability 52

Reynolds Holding

OCTOBER 13, 2022

In March 2022, the Financial Times reported a “boom” in environmental, social and governance (ESG) ratings, with a “race to carve out market share in the very lucrative business of providing advice to investors on environmental, social and governance issues”. And the interest does not sit with investors alone.

Marketability 53

Marketability Banking 53

Brian DeChesare

APRIL 19, 2023

Metals & mining investment banking used to be a “sleepy” group. Many people viewed the sector as a short, poorly dressed cousin of oil & gas, but concentrated in places like Canada and Australia. The metals & mining team’s classification varies based on the bank.

Banking 52

Banking Start-ups Private Equity Firm Equity 52

Musings on Markets

JULY 25, 2023

To the extent that divide is not just descriptive, but also drives real world investment, both companies and investors may be misallocating their capital, and I will argue for finer delineations of risk. I have looked at country risk, in all its dimensions, towards the middle of each year, for the last decade, for many reasons.

Risk Premium 52

Risk Premium Equity Start-ups Risk-free Rate 52

Reynolds Holding

MAY 25, 2022

After all, Covid-19 was the first global pandemic since 1919, and the conflict in Ukraine marks the first large-scale conventional conflict in Europe since World War II. We analyze the potential effects of an escalation of the conflict between the PRC and Taiwan on raw materials, semiconductors, communications, and shipping. Regulation S-K.

Compliance 53

Compliance Start-ups Marketability Corporate Finance 53

Reynolds Holding

JULY 5, 2023

In May 2022, the SEC charged a registered investment adviser with misrepresenting that investments in certain funds had undergone an ESG quality review. Although these proposals have not yet been adopted, the SEC has already brought enforcement actions under existing law. The action ultimately resulted in a $55.9 million penalty.

Banking 45

Banking Finance Technology 45