Guides

Guides

In a recent Merger Market report, the beginning of the year was described as a buyer’s market, and a reference was made to “unicorns”. When most people use this term, they’re referring either to a mythical mono-horned horse, or to private companies...
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When Aetna CEO Mark Bertolini testified before congress last fall arguing the case for merging with rival U.S.-based health insurer Humana, he singled out cultural fit as a key component of the merger. “Mergers and acquisitions are not just about efficiencies...
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Firmex and Mergermarket's recent quarterly report on mid-market M&A focused on the valuation gap between buyers and sellers. At first glance, a valuation gap seems perfectly natural – buyers want to avoid overpaying for a company and sellers, of course, want...
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This year, the public markets have been off to a shaky start: The month of January saw the S&P 500, Nasdaq 100 and DJIA fall off over 5%. This poor performance is expected to have a chilling effect on this year’s...

A winning pitchbook couples quantitative facts with a strong narrative about the company. Private equity expert, Sumeet Shah, shares his pitchbook tips.

We're back with another quiz designed to help you prepare for that big job interview. We've already covered brain teasers and financial modeling technical questions, and now we're looking at valuation technical questions that you get when interviewing for valuation firms,...

Earlier this year, two of my favorite HR firms were acquired by foreign multinationals. This is bittersweet news, as on the one hand, there's always that intangible sense of loss when a local business takes on new and remote ownership; while...
drinking with clients

As any dealmaker knows, few things can set off a boardroom coup d’état or lay the groundwork for a lifelong partnership quite like a client camaraderie session over cocktails. But labor relations libation (has a nice ring to it, right?) is...

New businesses too often forget about valuation. Is it challenging? Yes. Is the process worth it? Most definitely. Ask any entrepreneur and they’ll talk your ear off about the highs and lows of launching and growing a business – the constant...
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Like anyone else, M&A advisers are interested first and foremost in making money for themselves, but this can put them at odds with your own company’s goals in a deal. Michael Schwerdtfeger, Managing Director at Chapman Associates, offers advice on how...