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Old 01-06-2021, 10:11 PM
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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, itís 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 youíre in BB FO. Itís really, really embarrassing.
Wah smells like another IBD wannabe - how ironic. Come, let me educate you a little - most banks in SG structure their teams such that most are generalist (few exceptions being ENR, FIG, etc.). You most likely still need to know how do DCF, merger model, LBO, even project finance models (Infra, Power, Utilies deals for smaller shops like Jefferies). You should just shoot yourself if you donít know how to model any of the above if youíve made it to IBD.

Please just stick to your own domain and donít try to explain what others do. Itís quite embarrassing as well.

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