Reverse Merger – A true alternative to an IPO? Private Equity by Bocconi Students PE Club - April 29, 20200 First published on the BSPE blog By Nikolas Huber and Luca Politi Introduction Almost everyone, even when only distantly connected to the topic of shares and stock, has heard about IPOs. Summarized an IPO is a process for a private company to become a public one. But not every private company that wants to
The difficulty of identifying value in uncertain markets Private Equity by Kings Private Equity Club - April 28, 20200 Writer: Oskar Pulkkinen Setting the scene The past few months have seen markets in an uproar, with volatility and risk becoming inescapable realities. Investors are scrambling to profit off of perplexing market movements, dreaming of victories like Bill Ackman’s 2.6 billion CDS hedge. Meanwhile, private equity seemingly stands as a bulwark of
Geopolitics After COVID-19 and Market Reaction Coronavirus Trends by Matt - April 25, 2020April 25, 20200 When Does the COVID Recovery Start The world will not be the same after the coronavirus and will adjust to a new normal. Now when the dust settles is another question. Is reopening up now a good idea when new cases are still springing up and people are dying at a
What is Hedge Fund Hiring Like? Hedge Funds by Matt - April 24, 2020January 7, 20210 Are you an investment banker? Do you want to go to the buy side? Bankers usually look to exit to private equity. However, the smartest bankers usually go to hedge funds. Private equity is supposed to pay more and have more interesting work. In reality, modeling for IRR and operations is not much
Negative WTI Futures and Philosophical Musings Coronavirus Markets by Matt - April 24, 2020April 24, 20200 We haven't been writing a lot lately because work from home is hard. Somewhat amusing, I was supposed to meet a friend somewhere in December and we decided on Wuhan. She later decided that she did not want to meet up and went to California. My AMEX concierge then cancelled my
Riding the wave of consolidation: Private Equity and the Payment Industry Private Equity by Bocconi Students PE Club - April 22, 20200 First published on the BSPE blog By Florian Kramer & Konstantin Brandt Over the past two decades, the global payments industry has been subject to significant changes in both its underlying market drivers, and also in its competitive landscape. Driven by rising e-commerce volumes, an increasing demand for digital payment solutions and
Q1 2020 EMEA PE-backed M&A Roundup Private Equity by Bocconi Students PE Club - April 16, 2020April 16, 20200 By Matteo Lana, Francesco Biondo and Antonio Gagliardi As economy insiders know: Q1 2020 will be remembered as one of the darkest periods in the history of capitalism. As Covid-19 spreads worldwide, countries established lockdowns which result in real economic slumps. Despite this, it is clear that as things stand we
Introduction to Internet Platform Companies Technology by Karl - April 12, 20200 The advent of the internet has fundamentally changed how we live, consume, and travel. To search for information, we no longer turn to yellow pages or encyclopedias, but Google and Wikipedia. To buy gifts, we no longer need to go to the store, we can browse for widgets on Amazon
Pocket Aces for (Distressed) PE? Private Equity by Bocconi Students PE Club - April 11, 20200 By Stefan Larsen Loan sharks and bookies are famed for having little patience for outstanding debts – we learned this from Tony Soprano and almost every character portrayed by Joe Pesci. Ironically however, the script appears to have been flipped for their legal counterparts today. In the carnage that was March’s public markets, no
Chinese Stocks During Coronavirus Coronavirus by Matt - April 4, 2020April 4, 20200 Equities During Coronavirus in April Ever since coronavirus has swept the world, almost all countries are looking at a deep recession or even depression, with no strong indication in terms of when things will turn around. Markets have followed the escalation in cases and stocks are down for almost everyone. For passive