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Old 01-06-2021, 06:23 PM
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Originally Posted by Unregistered View Post
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.
And yourself? You went from BO/MO to FO banker wanker in 2 hrs? What are you smoking? Have fun languishing in the Big 4 thread and talking down to others. Parents must be so proud of you.
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