By Vittorio Lavioso and Alexandre Burtonboy Initially posted on the BSPEC blog Disclaimer: the purpose of this article is to provide the reader with a basic framework to understand what a LPA is and how it works. This article is in no way to be considered as a legal opinion on the
Who Makes the Most Money – Investment Banking, Private Equity or Hedge Funds?
Most finance undergrads have heard that the ideal path is going from a top-tier investment bank to a top-tier private equity firm, making partner and then making tens of millions of dollars. Actually, undergrads only think about the first two steps – Morgan Stanley M&A à Blackstone Private Equity They do
The Abraaj Group Scandal
By Dorina Barna and Jakob René Initially posted on the BSPEC blog The Abraaj Group, a Dubai-based private equity firm, is a narrative of success turned dark comedy. Founded by Arif Naqvi, Abraaj became one of the most influential emerging-market buy-out firms after 16 years of operations with more than $14 billion
Salesforce making moves in the CRM industry with recent acquisition of Tableau
World’s #1 CRM and #1 analytics platform come together to supercharge customers’ digital transformations Combination to accelerate Salesforce’s opportunity in the $1.8 trillion digital transformation space On June 10th, 2019, Salesforce announced they would be acquiring Tableau for $15.7B in an all stock deal. Class A and Class B shares of Tableau
Funding the Cannabis Industry
By Matthäus Piatti, Vivian Eberle Initially posted on the BSPEC blog Cannabis, pot, marijuana, weed… This recently legalized industry expands far beyond dried cannabis (known as the “flower”) rolled up in a joint. Products such as oils, edibles, pills, beverages, creams for medical and recreational purposes; technology ranging from POS data analytics
Management Buy-Ins (MBIs)
By Peter Maxwell and Štěpán Koníř Initially posted on the BSPEC blog MBI, MBO and BIMBO…No, this is not a fairy tale about the big-eared elephant and his siblings. In fact, these terms refer to a class of acquisitions with an active role of management; management buy-in (MBI), management buyout (MBO) and
Canada M&A Roundup Q3 2019
Canadian M&A market remained robust in Q3, even though experiencing a slight decline after an outstanding second quarter. During the third quarter, 665 transactions valued at $61.2B were announced. While the Canadian buyers were less active during the quarter, the foreign companies continue to be interested in Canadian businesses. During
Dividend Recapitalization: A second helping of debt
Junior Investment Banker Guide to Office Politics
Should I Take an Unpaid Investment Banking Internship?
Unpaid Investment Banking Internships I get asked this often but have never taken the time to address it. Other variants of this question include an unpaid private equity internship (usually a search fund) or corporate finance internship. Unless you are working for your father’s massive company, I think in 95% of cases,