Brian DeChesare

DECEMBER 21, 2022

Just look at the financial markets, the crypto meltdown, deal volume at banks, inflation, energy prices, Russia/Ukraine, supply chains, and the hiring environment in tech and finance. All these factors resulted in one of my worst years in terms of both business performance and portfolio performance…. Klein & Co.

Banking 85

Banking Start-ups Finance EBITDA 85

ThomsonReuters

JANUARY 3, 2022

All interested parties can benefit from this arrangement. You’re better able to control your cash flows and avoid supply disruptions, which can help optimize working capital. The SEC warned in CF Disclosure Guidance: Topic No. In the Topic 9A Guidance, for example, SEC Staff noted that?many

Finance 98

Finance Compliance Banking 98

Brian DeChesare

AUGUST 10, 2022

Oil & gas may also be grouped with mining , power/utilities , or renewable energy , but these sectors are all quite different in practice. The A&D teams focus on asset-level deals (e.g., A recent energy deal (ideally one that the bank you’re interviewing with advised on). Recruiting into Oil & Gas Investment Banking.

Banking 88

Banking EBITDA Dividends Equity 88

Brian DeChesare

APRIL 6, 2022

Consumer Retail Investment Banking Definition: In consumer retail IB, bankers advise companies in the consumer staples, consumer discretionary, and retail industries on raising debt and equity and completing mergers, acquisitions, and restructuring/bankruptcy deals. But deal flow is also very dependent on your vertical.

Banking 97

Banking Start-ups Equity Marketability 97

Musings on Markets

JANUARY 28, 2024

That said, and notwithstanding decades of research and debate on the topic, there are still wide differences in how risk is defined and measured. Breaking down risk One reason that we have trouble wrapping our heads around risk is that it has so many sources, and our capacity to deal with varies, as a consequence. What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

ThomsonReuters

JULY 6, 2023

M&A advisors also specialize in structuring deals to maximize value while minimizing risk. They can provide guidance on negotiating terms of agreements such as purchase price adjustments or earnouts that may be necessary for successful completion of an M&A deal. Why should accountants get into M&A advisory?

Discounted Cash Flow 52

Discounted Cash Flow Start-ups Private Equity Firm Accounting Firms 52

Equilest

NOVEMBER 25, 2023

Uncover the intricacies of financial modeling, from understanding fundamental concepts like Free Cash Flow to Firm and Dividend Discount Model, to navigating advanced methodologies such as LBO and DCF. Navigating Common Valuation Interview Questions Valuation Interview Questions – Basics What is Free Cash Flow to Firm?

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Brian DeChesare

OCTOBER 26, 2022

A long time ago, we received one complaint/criticism more than any other: “All your models start from templates ! In financial modeling , the “3 statements” refer to the Income Statement, Balance Sheet, and Cash Flow Statement. Will the company generate more or less cash flow? 24:14: Cash Flow Statement Entry.

Dividends 72

Dividends Start-ups Finance Equity 72

Value Scope

JANUARY 13, 2021

Cash is king, so if you can get to the actual, observable movements of cash through the value chain, then the value can be allocated properly. Solution: Map and model the actual cash flows penny by penny the same way that supply chain professionals map and model each step. This case is a very significant case.

Fair Market Value 130

Fair Market Value Discounted Cash Flow Treasury Marketability 130

Equidam

JUNE 8, 2023

When we started, in 2012, valuation was a hot topic in the fundraising process and venture capital was not as easy to come by. In the years since, a variety of factors produced a more relaxed attitude toward deal terms. Ideas too risky for a bank loan, for cash flow financing, or traditional investors.

Start-ups 77

Start-ups Finance Equity Marketability 77

Brian DeChesare

SEPTEMBER 20, 2023

But there is a decent reason for all this: It’s much harder to write an article about VC interview questions since they are far less standardized than IB interview questions or PE interviews. Deal, Client, and Fundraising Experience Questions – How did you add value to the deals you’ve worked on?

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Brian DeChesare

FEBRUARY 16, 2022

Can you compare M&A advisory on multi-billion-dollar corporate deals to underwriting municipal bond issuances from state and local governments? We previously covered public finance in a 2-part interview series, but those articles glossed over some nuances and did not get all the explanations correct.

Finance 65

Finance Banking Equity Marketability 65

Valutico

SEPTEMBER 19, 2022

We’re dealing here with one of the primary valuation methodologies—the Discounted Cash Flow (DCF) method. That is the year that represents all future years extending out into perpetuity (all theoretical future years of the company). the value of all its shares added up). inflation).

Business Valuation 78

Business Valuation EBITDA EBIT Discounted Cash Flow 78

Value Scope

JANUARY 13, 2021

Cash is king, so if you can get to the actual, observable movements of cash through the value chain, then the value can be allocated properly. Solution: Map and model the actual cash flows penny by penny the same way that supply chain professionals map and model each step. This case is a very significant case.

Fair Market Value 100

Fair Market Value Discounted Cash Flow Treasury Marketability 100

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. Final Investment Decisions – GPs have the final say on all investments.

Finance 83

Finance Start-ups Equity Marketability 83

Cooley M&A

JULY 20, 2023

Vote in favor of the Edgio board’s recommendations (or pro rata with all other stockholders) for nonroutine matters. Perhaps the most useful part of the opinion is the chancellor’s recitation of a number of Delaware cases in the “substantially all” space and notation of the distinguishing factors and key considerations.

Equity 52

Equity Marketability 52

Equilest

NOVEMBER 6, 2023

For further insights on valuing a landscaping company and to dive deeper into the intricacies of the process, feel free to explore our extended guide on the topic. This includes income statements, balance sheets, and cash flow statements. Risks can affect the company's future cash flows and, consequently, its value.

Business Valuation 40

Business Valuation Discounted Cash Flow Data Analysis Appraisal 40

ThomsonReuters

APRIL 18, 2023

SAS 134 could be considered the most impactful of the seven standards as it changes the form and content for all auditor’s reports under Generally Accepted Auditing Standards (GAAS). According to the most recent “Top Firm Issues Survey” by the AICPA, finding qualified staff was a top concern for firms of all sizes.

Technology 52

Technology Compliance Start-ups Finance 52

Equidam

MAY 2, 2022

You’ve done your financial projections, and you’ve worked out the amount of negative cash flow you’ll need to cover until you can achieve your next milestone. Should you raise all the capital you’ll need at the beginning? 12 Months w/ 50% cushion = 18 months. You would save the time and headache of raising multiple rounds.

Start-ups 84

Start-ups Equity B2C Technology 84

Musings on Markets

DECEMBER 21, 2022

In a world where specialization is the norm, this does put me at a bit of a disadvantage, since there are many who know a great deal more about almost any topic that I choose to talk about, but I do think that it gives me a big-picture perspective that helps me find answers. firms in emerging markets or private businesses.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

FE International

MARCH 23, 2022

Most small businesses valued at under $5,000,000 are valued using a multiple of seller discretionary earnings (SDE or sometimes also called seller discretionary cash flow ) particularly if they are relatively slow growing and do not have a management team in place. So what does this all mean for your SaaS business? So where to end up?

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Reynolds Holding

NOVEMBER 28, 2022

Policy discourse on this topic has centered around which – rather than whether – financial regulators should be in charge of crypto trading. SIPC-type protections (and FDIC-like protections where banks were involved) would ensure that investors would not lose their coins or cash if their providers failed. The answer is simple.

Finance 145

Finance Banking Marketability Treasury 145

IBG Business

APRIL 4, 2023

Pop, we just got what looks like a letter of intent from a guy in Fresno who wants to buy the mine for $19 million cash. Howard called his son and told him they had a better deal and to break it off with the Fresno buyer, who promptly sued to enforce the letter of intent and to bar any sale to another buyer.

Start-ups 52

Start-ups Finance Marketability 52

Cooley M&A

DECEMBER 14, 2020

The group covered a wide range of topics during the 90-minute session, including three key themes highlighted below. Once a business target is identified, and the merger is publicly announced, the SPAC’s sponsors and the business target’s founders face the added pressure of completing the deal within the specified completion window.

Private Equity Firm 52

Private Equity Firm Equity Marketability Banking 52

Reynolds Holding

MAY 15, 2022

The Guidance covers a range of topics, including an issuer’s affected business operations and related compliance with applicable sanctions and export controls, as well as relevant changes in an issuer’s disclosure or financial reporting controls. The Guidance. Of course, supply chain and cybersecurity assessments are likely to be helpful.

Compliance 45

Compliance Treasury Finance Corporate Finance 45

Musings on Markets

JUNE 9, 2021

The bankers, in addition to doing a roadshow where they market the company to investors, also price” the company for the offering, having tested out what investors are willing to pay, and guarantee that they will deliver that price, all in return for underwriting commissions. Going Public?

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Erik A. Lopez

SEPTEMBER 8, 2015

The primary transaction agreement in every M&A deal contains representations and warranties, colloquially referred to as “reps and warranties” or simply “reps,” from each party to the other. Second, representations and warranties may form the basis of a party’s right to terminate the deal prior to closing.

Compliance 52

Compliance Finance Technology Marketability 52

Andrew Stolz

MAY 9, 2022

The content focuses on solving general excel problems you may face in daily operations (e.g., “How to Deal with Dates in Excel,” “How to Repeat the Last Action,” “How to Create Pixel Art in Excel,” etc.) Seal The Excel Deal – Sele Training. Cash flow forecast. Subscribers: 296K .

Start-ups 52

Start-ups Finance Technology 52

ThomsonReuters

JUNE 15, 2021

Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms have excess cash they need to put to work, accounting practitioners said mid-June. You can’t have a successful De-SPAC transaction until you have addressed that accounting,” said Steimel. Segment Reporting.

Risk-free Rate 64

Risk-free Rate Equity Start-ups Book Value 64

ThomsonReuters

NOVEMBER 11, 2020

The first and most important topic to address is going concern and liquidity. Reporting entities may have to revise their disclosures about liquidity risks to let investors know how they are managing their liquidity while dealing with the COVID-19 crisis. Do you have sufficient cash flow from operations to cover your debt obligations?

Discounted Cash Flow 52

Discounted Cash Flow Technology Dividends Market Capitalization 52

Musings on Markets

FEBRUARY 11, 2023

A few weeks ago, I posted my first data update pulling together what I had learned from looking at the data in 2023, and promised many more on the topic. Put simply, you are unlikely to find safe projects in risky countries, since country risk will undercut whatever perceived stability there is in the project's cash flows.

Risk Premium 76

Risk Premium Start-ups Equity Marketability 76

Musings on Markets

FEBRUARY 10, 2021

Capital Constrained Clearing Rate : The notion that any investment that earns more than what other investments of equivalent risk are delivering is a good one, but it is built on the presumption that businesses have the capital to take all good investments.

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

Reynolds Holding

MAY 22, 2022

The amendments cover a broad range of topics, a number of which are of particular significance for prospective bidders. On May 5, 2022, the U.K.’s Any announcement of a firm intention to make an offer must include the price at which the offer will be made as well as the form of consideration.

Private Equity Firm 45

Private Equity Firm Compliance Equity Marketability 45

Erik A. Lopez

AUGUST 25, 2015

At their most basic level, these agreements provide for the sale of shares in a target company to a buyer in return for cash or some other form of consideration ( i.e. , something of value). Few, if any, transactions will include all of these representations and warranties, and many of them overlap at least in part. subsidiaries.

Finance 52

Finance Compliance 52

Erik A. Lopez

AUGUST 31, 2015

These agreements, at their most basic level, provide for the sale of tangible and intangible assets and liabilities of a seller to a buyer in return for cash or some other form of consideration ( i.e. , something of value). Among other things, they require a well-crafted Asset Purchase Agreement (APA). I discussed SPAs in a prior post.

Intangible Assets 52

Intangible Assets Finance Compliance 52

Reynolds Holding

MAY 25, 2023

A bit gruesome, yet this helps explain why investors might try to cash out of investments before the proverbial bear—of dilution and illiquidity—catches them. It also helps explain why savers might try to cash out of deposits before that proverbial bear catches them at the bank.

Banking 40

Banking Treasury Marketability Start-ups 40

Valutico

FEBRUARY 8, 2022

We have received many questions from our clients and partners on this topic in recent months. At this point, all assumptions and information in the valuation should be challenged. Do management’s projections reasonably reflect the outcome of recent events and are cash flows adjusted accordingly? Challenge your assumptions.

Business Valuation 40

Business Valuation Marketability 40