Quote:
Originally Posted by Unregistered
Here goes. Take notes alright, wannabe IBD.
The M&A division typically focuses on cash/stock-based acquisitions. LBO models are primarily (and almost exclusively) referring to PE transactions as it typically involves a huge amount of leverage (this is covered by the Sponsors/LevFin groups depending on the type of transaction).
Pro-forma essentially means an estimate of how the end-product (either a merger or an acquisition) would look like on paper. Pro-forma BS is definitely needed for M&A modelling, but clients sometimes wish to see the combined forecasted IS and CFS as well. Thus, when you went from a S&T banker to an M&A Banker, it’s extremely funny for you to think that LBO modelling is your core deliverable and only LBOs require pro-forma modelling rofl
Have fun in Big 4 alright, & stop acting like you’re in BB FO. It’s really, really embarrassing. |
Wait, where did you see that my main deliverable is LBO? I clearly didn't say that I'm in S&T either. Neither did I say ONLY LBOs require pro-forma statements - I said Pro forma statements (hint: LBO - nothing here mentioned anything about only LBO requiring pro forma statements). You may know the above, but you seriously need to read more carefully.
"clients sometimes wish to see the combined forecasted" Please just stop pretending you have any clients, your stakeholders are only FO who give **** to you.