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 98

Banking Equity Book Value Capital Structure 98

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. But let’s start with my favorite topic: “ranking” banks, schools, and maybe a TV series or three. Bank, School, Dragon, and TV Rankings.

Banking 97

Banking Start-ups Finance EBITDA 97

Scott Mashuda

JUNE 26, 2024

Investment Bank vs. Business Broker: Which Should You Choose? While investment banks and business brokers may seem to offer similar services, there are significant differences between the two. As an investment bank, REAG provides a specialized approach tailored to the unique needs of mature businesses.

Banking 52

Banking EBITDA Private Equity Firm Marketability 52

Benzinga

APRIL 3, 2025

("BIP") (NYSE: BIP , TSX: BIP ) and its institutional partners (collectively, "Brookfield Infrastructure") reached a definitive agreement to acquire 100% of the world-class midstream asset portfolio Colonial Enterprises ("Colonial"), which includes the Colonial Pipeline, for an enterprise value of approximately $9 billion or 9x EBITDA.

Debt Financing 45

Debt Financing Enterprise Value EBITDA Equity 45

Benzinga

OCTOBER 20, 2022

20, 2022 (GLOBE NEWSWIRE) -- Axial, the online M&A platform for buyers, advisors, and sellers of small and medium-sized businesses, has released its Q3 2022 Lower Middle Market Investment Banking League Tables. Access the Q3 2022 Lower Middle Market Investment Banking League Table. "Coming NEW YORK, Oct. million. . "But

Banking 52

Banking Marketability EBITDA Technology 52

Equidam

FEBRUARY 8, 2023

You can refer to the table below to see how the EBITDA multiples for the industries available on the Equidam platform will change on February 23, 2023. Industry EBITDA Multiple Old New Var % Advanced Medical Equipment & Technology 36.66 9.47 ↓ -16% Banks *† 36.66 ↔ 0% Investment Banking & Brokerage Services * 9.71

EBITDA 40

EBITDA Terminal Value Banking Marketability 40

Benzinga

APRIL 14, 2022

NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) -- Axial, the online M&A platform connecting buyers and sellers of American small and medium-sized businesses, today released its Q1 2022 Lower Middle Market Investment Banking League Tables. Download the Q1 2022 Lower Middle Market Investment Banking League Tables. "The

Banking 52

Banking Marketability EBITDA Technology 52

Brian DeChesare

SEPTEMBER 14, 2022

For example, if you work in Debt Capital Markets or Leveraged Finance or a closely related area such as corporate banking , technically, you are a “credit analyst.”. Investment banks, investors, and lenders then use these ratings in their analyses. This definition is so broad that it could refer to dozens of roles.

Finance 95

Finance Banking Corporate Finance Start-ups 95

Brian DeChesare

SEPTEMBER 11, 2024

If there is one sector that has attracted even more hype than technology and TMT , it might just be renewable energy investment banking. But before jumping into the overall advantages and disadvantages, let’s start with the verticals and how banks are set up: Table Of Contents What is Renewable Energy Investment Banking?

Banking 59

Banking Finance Start-ups Equity 59

Benzinga

AUGUST 9, 2022

09, 2022 (GLOBE NEWSWIRE) -- Axial, the online M&A platform connecting buyers and sellers of American small and medium-sized businesses, has released its Q2 2022 Lower Middle Market Investment Banking League Tables. Access the Q2 2022 Lower Middle Market Investment Banking League Tables. "The Average EBITDA was $3.8M.

Banking 52

Banking Marketability EBITDA Equity 52

Business Sales M&A

FEBRUARY 5, 2021

In layman’s terms, equity is the down payment the PEG makes for an acquisition while the rest of the funds are provided in the form of debt from banks and other lenders. One of the main premises behind a Private Equity Group (PEG) acquisition is to use debt to amplify the returns on the equity portion of it.

Equity 130

Equity Banking EBITDA Business Valuation 130

Global Finance

OCTOBER 7, 2024

Snaitech generated $285 million of adjusted EBITDA in 2023 and NSX is expected to report $34 million of adjusted EBITDA for 2024, according to New York-based investment bank Needham & Company. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.

EBITDA 75

EBITDA Finance Banking Technology 75

Brian DeChesare

APRIL 19, 2023

Metals & mining investment banking used to be a “sleepy” group. But let’s forget about the children temporarily and focus on the verticals, the drivers, deal examples, and the exit opportunities if you escape from the underground mines: What Is Metals & Mining Investment Banking?

Banking 52

Banking Start-ups Private Equity Firm Equity 52

Brian DeChesare

SEPTEMBER 13, 2023

Its financial profile now looks like this: Its Debt / EBITDA is now 10x, its EBITDA / Interest has fallen below 1x, the Secured Debt is trading at 90% of its face value, and the Unsecured Debt is down to 60%. But it’s more common to go from law school to investment banking and then move to a hedge fund.

Equity 103

Equity Banking EBITDA Start-ups 103

Brian DeChesare

JULY 26, 2023

But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity. And you need early experience to get internships that convert into full-time offers at large banks.

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

JANUARY 19, 2022

FSG Investment Banking: What the Financial Sponsors Group Does The Financial Sponsors Group vs. the Financial Institutions Group The Financial Sponsors Group vs. Leveraged Finance vs. Debt Capital Markets Recruiting: Who Gets Into the Financial Sponsors Group? Table Of Contents. normal, non-wealthy individuals).

Private Equity Firm 94

Private Equity Firm Banking Equity Finance 94

Brian DeChesare

JULY 31, 2024

We covered these three main segments in the industrials investment banking article , and they also apply here. But this shifted over time as EBITDA growth became more appealing in sectors such as TMT , and its importance also spilled over into industrials. trailing EBITDA multiple and a 5.2x billion with Debt of $2.1 billion.

Equity 66

Equity Private Equity Firm EBITDA Start-ups 66

Brian DeChesare

MAY 29, 2024

The term “Project Finance” at large banks refers to a group that operates like Debt Capital Markets or Leveraged Finance but for infrastructure rather than normal companies. in FP&A roles ) to advising clients on M&A deals in investment banking. The unifying factor is that you work at the company level in corporate finance.

Corporate Finance 59

Corporate Finance Finance Terminal Value EBITDA 59

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.

Finance 119

Finance Start-ups Banking Alpha 119

Brian DeChesare

MAY 15, 2024

If you Google this topic and look at the results, you’ll find articles and discussions about LBO models and points like the returns attribution analysis : This type of “value creation” measures the returns sources in a buyout deal: Debt paydown vs. multiple expansion vs. EBITDA growth. Well… don’t get your hopes up.

Equity 105

Equity Private Equity Firm Start-ups EBITDA 105

Valutico

DECEMBER 6, 2022

At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. This was mainly driven by operating expenses growth exceeding sales growth and thus putting strain on EBITDA margin. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Valutico

DECEMBER 6, 2022

At the current level Salesforce has a P/E ratio of 100x and an EV/EBITDA ratio of 47x for 2022. This was mainly driven by operating expenses growth exceeding sales growth and thus putting strain on EBITDA margin. Salesforce experienced a terrible year financially in 2022, which explains these very high multiples.

Discounted Cash Flow 52

Discounted Cash Flow EBITDA EBIT Market Capitalization 52

Benzinga

SEPTEMBER 13, 2024

This infrastructure construction company is banking on increasing demand for power, data capacity and network speed. Adjusted EBITDA is projected to be $975 million, an increase from $860.3 growth, the broader Construction sector's 7.2% increase and the S&P 500 index's 8.6% billion provides strong visibility into 2024.

EBITDA 59

EBITDA Banking Marketability 59

Class VI Partner

JULY 28, 2021

Understand the importance of getting qualified, experience help when selling your company Learn about the different types of fees you should expect to incur when selling your company Learn how investment banking fees are charged and the different ways their success fees could be calculated. Investment banking fees.

EBITDA 52

EBITDA Accounting Firms Banking Start-ups 52

Lighter Capital

AUGUST 10, 2023

Calculating your startup’s burn rate Your cash burn rate shows how quickly your business is spending the cash it has in the bank (your current cash balance). To calculate your runway, simply divide your current cash by your burn rate: Runway (in months) = Current cash balance ÷ Net burn Example Your startup has $1 million in the bank.

Start-ups 93

Start-ups Finance EBITDA Debt Financing 93

Benzinga

DECEMBER 14, 2024

With its old restructuring woes in the rearview mirror, the company’s forecasted EBITDA is looking a lot healthier basically, it’s flexing its financial muscles. (NASDAQ: IVAC ), which manufactures technologies for applications like solar cells and hard disk drives, has undergone a makeover.

EBITDA 52

EBITDA Banking Technology 52

Andrew Stolz

APRIL 3, 2020

As per Macabacus (2018), the typical credit statistics can be (those can change with market conditions): Total Debt / EBITDA 4.5x -5.5. Senior Bank Debt / EBITDA 3.0x. Senior term bank debt.

Private Equity Firm 52

Private Equity Firm EBITDA Equity Finance 52

ThomsonReuters

DECEMBER 19, 2020

ATI was defined as EBITDA, that is, net taxable income after adding back interest expense, taxes, depreciation, and amortization. A member of the New York Bar, he has over 20 years of tax experience, including service with a major Wall Street bank and international law firms. Michael holds a J.D.

EBITDA 105

EBITDA Banking Finance 105

Benzinga

NOVEMBER 30, 2023

Nayax financed the initial payment with bank financing from Bank Hapoalim. For the fiscal year 2022, Retail Pro generated approximately $14 million in adjusted revenue and approximately $4 million in Adjusted EBITDA. . $2 million of deferred revenue is to be treated as a reduction to the purchase price.

Enterprise Value 45

Enterprise Value EBITDA Banking Finance 45

Brian DeChesare

APRIL 13, 2022

That gets you thinking about materials companies that might benefit from this trend, so you research the sector and run a screen looking for companies with FCF yields >= 10%, revenue growth >= 10%, and TEV / EBITDA multiples <= 15x. Investment Banking: 8 (~25%). Asset Management or Other Buy-Side Markets Roles: 5 (~16%).

Equity 98

Equity Start-ups Banking Marketability 98

Brian DeChesare

FEBRUARY 28, 2024

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? The output is more about the credit stats and ratios (Debt / EBITDA, EBITDA / Interest, etc.),

Equity 59

Equity Banking Start-ups Finance 59

Equidam

NOVEMBER 22, 2021

2 | Industry EBITDA multiples used in the VC and DCF with multiple. Investors have no option but to invest in stocks, with interest rates at record lows and central banks injecting liquidity into the markets. You can refer to the table at this link to see how they will change for your country specifically.

EBITDA 52

EBITDA Specific Risk Technology Market Capitalization 52

Benzinga

MAY 20, 2024

EBITDA targets are $5.4 Closed $7 million term loan from Bridgewater Bank to partially finance the acquisition. million 1 and Adjusted EBITDA of $5.5 . $23 million includes: $16 million in upfront cash; $4 million in deferred cash; and a $3 million, 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock.

Equity 40

Equity Technology EBITDA Marketability 40

Scott Mashuda

SEPTEMBER 15, 2024

Understanding REAG and Its Role Supporting CEPAs REAG specializes in the lower middle market, focusing on companies with profitability and growth potential that serve regional, national, and global markets, have $2M+ EBITDA, and possess scalable business models.

Marketability 89

Marketability EBITDA Banking 89

Benzinga

AUGUST 26, 2022

Further, the purchase agreement includes additional earnout milestones as EBITDA grows, with a total of $70 million available in earnout payments, in the form of cash or shares of P10 common stock, if EBITDA builds to $25 million. million, and $25 million of EBITDA. Earnout hurdles are at $20 million, $22.5

Technology 40

Technology Marketability EBITDA Market Capitalization 40

Equilest

MARCH 8, 2025

Banks typically look at financial statements, cash flow projections, and asset values to determine whether a business is a viable investment. A common metric used in this method is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) , which helps assess profitability before non-operational expenses are deducted.

Business Valuation 40

Business Valuation Discounted Cash Flow Marketability Finance 40

Benzinga

JUNE 11, 2024

billion, with an EBITDA margin of around 40%, and without financial debt. The transaction is expected to be closed and paid no later than June 25, pending to define if through a bank loan or using the Company's resources. In 2023, GWTC generated revenues above Ps.

EBITDA 40

EBITDA Banking 40